REDEVELOPMENT AGENCY
(SUBCOMMITTEE OF THE SOUTH WINDSOR TOWN COUNCIL)
MINUTES PAGE 1 REGULAR MEETING
SPRENKEL ROOM TOWN HALL APRIL 1, 2009
Call Meeting to Order: The meeting was called to order at approximately 5:10 p.m.
Members and Alternates Present:
Scott Andrusis
Barbara Barbour, Chairperson
Cile Decker
William E. Keohane
Matthew Galligan, Town Manager
Guest:
Craig Stevenson, Economic Development Coordinator
Councillor Kathryn Hale
Approval of Minutes of Previous Meeting
Ms. Decker made a motion to approve the January 7, 2009 Minutes; Mr. Keohane seconded that motion; and it was approved unanimously.
Discussion Items:
Review, discussion and possible action authorizing the Town Manager to enter into a purchase and sale agreement with CT Studios LLC
Town Manager Galligan gave an overview of how the Town came to acquire the I-291 area and the steps that were taken to create a Municipal Development Zone.
He explained how the land will be transferred to CT Studios but there is a reverter clause under the State that would allow for the land to be transferred back to the Town should CT Studios not move forward. CT Studios will not be able to sell the land without first fulfilling their agreement of developing a studio.
The Agreement Not To Be Recorded section of the Purchase and Sale Agreement was discussed and further clarification will be needed from the Town Attorney.
Craig Stevenson and the Town Manager answered various questions and discussed concerns related to the Agreement.
It was explained that the Agreement does not sell the land, it agrees to sell the land if all of the points of the Agreement are followed and agreed to by both parties. Mr. Stevenson reassured the Members that all they need to be satisfied with are the conditions of what needs to be done. The selling of the land is contingent upon these conditions being met.
Town Manager Galligan gave a brief overview of some of the steps necessary to move forward with this project. It was stated that the closing for the sale of land will be within 90 days after Planning & Zoning approval.
It was decided that the Members will review the Agreement over the next week or so and the Redevelopment Agency will meet again for further discussion and action.
The Town Manager asked that if anyone should have any questions, please forward them to him or Craig Stevenson and the answers will be sent to all Members.
Adjournment
A motion to adjourn the meeting was made at approximately 6:20 p.m.; it was seconded; and approved unanimously.
Respectfully submitted,
Vanessa Perry
Executive Secretary to the Town Manager
(Recording Secretary)
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