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June 6, 2013 Minutes <br />report for Article 4“Approve TIF \[Tax Increment Financing\] Agreement(s)”. Mr.Parker <br />volunteered to draft some language; he will include bullet points identifying reasons for <br />supporting a TIF with uniQure.Mr. Bartenstein distributedand briefly revieweda document <br />listing multiple theoretical TIF scenariosto illustrate the proposition that it is necessary to <br />consider the duration of a TIF, as well as the percentage of incremental taxes foregone during its <br />term, in order to evaluate the relative cost of differing TIF arrangements.Additional discussion <br />was deferred until the Committee was in executive session. <br />Executive Session: <br />5.At 8:10 p.m.,following a declaration that discussion in an open meeting <br />may have a detrimental effect on the negotiating position of the Town,aroll call vote of the <br />Committee was taken on a motion by theChair to go into executive session to discuss the <br />uniQure TIF matter under exemption 6 (to consider the purchase, exchange, lease or value of real <br />property) and exemption 7 (to comply with, or act under the authority of, any general or special <br />law or federal grant-in-aid requirements) and to then return to open session.The motion was <br />unanimously adopted, each member present having voted in the affirmative. <br />The Committee returned to open session at 9:05 p.m. <br />Next Meetings: <br />6.The Committee is scheduled to meet on June 12 at 7:30 p.m. The Committee <br />will also meet at 6:30 p.m. prior to the June 17, 2013 Special Town Meeting. Mr. Parker reported <br />that he will be out-of-town.It wasagreed that Mr. Levine will make the Committee’s <br />presentationon Article 4 at TownMeeting. <br />Mr. Parker asked committee members to respond to his email about future meetings in which he <br />provided a link to a “Doodle” request. Mr. Addelson said that he is required to address the <br />annual3% transfers by July 15. It was agreed to meet either on July 10 or 11 to meet this <br />deadline. <br />Adjournment: <br />7.The meeting was adjourned at 9:18 p.m. <br />A list of documents and other exhibits used at the meeting is set forth below. <br />Respectfully submitted, <br />Sara Arnold <br />Recording Secretary <br />ApprovedJanuary 9, 2014 <br />Exhibits <br />1.Meeting Agendaposted by Glenn Parker, Chair <br />2.TIF Scenarios, prepared by John Bartenstein, 6/6/2013 <br />2 <br />