RECEIVED DECEMBER 22, 2008 @ 9:52 A.M.
Michele R. Grande, Redding Town Clerk
Legal Notice
Warning of Special Town Meeting
The legal voters of the Town of Redding, Connecticut and those entitled to vote therein are hereby warned and notified of a special town meeting to be held at the Community Center on January 6, 2009 at 7:30 p.m. (snow date: January 8, 2009 at 7:30pm) for the following purposes:
1. To consider and take action on the recommendation of the Board of Selectmen and Board of Finance to participate in tax incremental financing for a loan in the amount of $3.5 million to be provided by the Connecticut Development Authority (“CDA”) to Georgetown Land Development Corporation (“GLDC”) for the purpose of remediation of the road identified as North Main Street in the GLDC master plan.
2. To authorize both the Board of Selectmen and Board of Finance to ascertain compliance with the following conditions prior to entering into any agreements with CDA and GLDC for tax incremental financing:
a) GLDC meets all the requirements set forth by CDA or its subsidiaries;
b) GLDC provides documentation of the financing needed to complete remediation on North Main Street, roadway infrastructure improvements leading to the new train station, and the full commercial phase of the project;
3. To authorize the First Selectman to do any and all things legal and necessary to accomplish the above-named purposes, and to take any other action that may legally and properly come before the meeting.
Dated at Redding, Connecticut this 22nd day of December, 2008.
Board of Selectman
Natalie Ketcham, First Selectman
Tina Miller, Selectman
Don Takacs, Selectman
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