HomeMy WebLinkAbout2013-06-11-EDAC-min Town of Lexington
Economic Development Advisory Board
Tuesday June 11, 2013
Legion Room- Cary Hall
8 OOam-9 30am
MINUTES
Present: John McWeeney, Chair;Narain Bhatia, George Burnell, Rick DeAngelis;David
Pronchick; Bruce Embry;Peter Kelley;Larry Smith, Sig Tullmann, Melisa Tintocalis;
Carl Valente, Maryann McCall Taylor
Meeting called to order at 8 am.
UniQure TIF Agreement:
The Committee discussed the pros and cons of entering into a TIF agreement. The
positive aspects included the fact that the company produced new jobs in life
sciences, had a lab/office component, and that they selected a site in the Hartwell
District. The drawbacks that were discussed included the relative small size of the
project,the concern if this would lead to an increase in TIF agreement requests, and
a perception that providing the incentive may seem inequitable to other property
owners Ultimately the general consensus of the group was to support the TIF
agreement.
Meeting adjourned at 9 45am.