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From YouTube: Sep. 20, 2016 Town Council Workshop
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A
B
D
So
this
is
actually
I'll
just
turn
it
over
to
mark
or
bob
to
give
you
the
introduction,
but
the
redevelopment
agency
has
been
working
on
a
proposed
ordinance
that
will
basically
incentivize
development
in
the
district,
and
so
they
put
a
draft
together
and
really
at
this
stage
I
think
they're
just
looking
for
comments
but
I'll.
Let
mark
take
it
from
here.
A
Mr
council,
president,
council
members
mark
carullo
town
planner,
and
I
want
to
say
thank
you
for
having
us
here
tonight.
As
you
know,
we
were
here.
A
I
think
it
was
a
week
or
so
ago,
looking
for
some
feedback
on
an
ordinance
that
is
being
forwarded
to
the
council
from
the
redevelopment
agency
and,
as
you
also
know,
the
redevelopment
agency
has
been
working
within
the
redevelopment
district
on
trying
to
catalyze
development
within
the
district
and
one
of
the
items
that
we
spent
the
last
year
on
was
some
enabling
legislation
authorizing
the
town
council
to
go
forward
with
what
is
referred
to
as
tax
stabilization
agreements
that
was
passed
and
since
that
point
the
redevelopment
agency
has
been
working
on
some
language
for
a
proposed
ordinance.
A
A
So
if
you
want
to
go
through
that,
I
can
go
through
those
bullet
points
now.
Basically,
the
first
bullet
point
is
just
referring
to
the
enabling
legislation
and
under
what
authority,
the
council
would
have
to
adopt
an
ordinance,
and
that
is
ryland
general
law
44-3-9.9,
which
is
specific
to
the
town
of
west
warwick.
A
Upon
the
recommendation
of
the
redevelopment
agency
for
a
period
up
to,
but
not
exceeding
20
years,
and
basically
what
that
means
is
if
a
project
comes
in,
and
the
council
in
the
council
desires
to
give
it
the
full
benefit
of
the
20
years.
It
can
do
that
or
can
it
scale
it
back
to
any
time
frame
that
it
sees
fit?
That
may
be
less
than
20
years,
so
so
the
way
that
the
ordinance
is
currently
written
is
there's
a
sliding
scale,
and
it's
it's
basically
worded
as
up
to
20
years.
A
The
council
has
the
only
the
council
has
the
authority
to
actually
approve
the
tax
stabilization
agreements,
in
whatever
form
the
council
desires,
to
approve
those.
A
Projects
would
be
eligible
to
freeze
taxes
at
the
pre-development
assessment
and
that's
the
verbiage
that
is
currently
being
proposed
in
the
audience
and
basically
what
that
means
is
you
know.
Most
of
the
properties
as
they
exist
today
are
assessed
at
a
current
value
and
the
hope
is
through
redevelopment
that
someone
will
come
in
and
either
improve
the
existing
properties
to
a
higher
value,
obviously,
or
maybe
even
raise
the
properties
and
build
a
new
property
that
would
be
at
a
higher
value.
A
So
what
the
proposal
is
in
order
to
incentivize
the
new
development
in
town
as
it
exists
today,
is
to
freeze
the
values
at
what
we
would
call
the
pre-development
value.
So
that's
the
value
as
it
exists
today
in
any
any
new
building
or
any
improvements
to
the
property
would
be
a
benefit
to
the
developer
as
not
seeing
an
increase
in
taxes.
A
It
also
includes
what
would
have
would
be
commonly
referred
to
and
has
been
over
the
last
year
and
a
half
or
so,
as
the
redevelopment
agency
has
come
before
the
council
of
what
we
has
been
referred
to
as
a
pilot.
That's
a
payment
in
lieu
of
taxes.
A
A
The
way
that
this
ordinance
is
currently
written
is
that
upon
transfer
of
the
property,
if
a
developer
comes
in
and
builds
a
new
development
and
sells
that
property
that
the
town
would
be
eligible
to
receive
up
to,
but
not
exceeding
a
maximum
seven
and
a
half
percent,
and
that's
it's:
it's
almost
like
a
real
estate
commission,
although
it's
not
because
we're
not
involved
in
marketing
and
selling
the
property.
A
We're
just
involved
in
approving
a
tax
stabilization
agreement
and
a
byproduct
of
that
would
be
the
ability
of
the
town
to
negotiate
with
a
developer
for
some
sort
of
a
lump
sum
payment
that
would
offset
the
20-year
freezing
of
the
taxes.
If
that
makes
sense
to
you,
if
it
doesn't,
we
do
have
a
scenario
that
I
will
go
through
in
a
minute
that
the
chairman,
created
over
the
last
couple
of
days,
to
kind
of
give
you
an
unders,
a
better
understanding
of
how
that
program
would
work.
A
A
seven
percent
one-time
lump
sum
payment
upon
the
sale,
yes
and
I'll
good
question.
The
answer
to
the
answer.
That
question
is
yes
and
it's
kind
of
a
hybrid
of
what's
being
presented
and
if
we,
let's
just
work
through
this
and
then
I'll
go
through
the
scenario,
so
you
get
a
better
understanding
of
how
it
how
it
will
work
councilman,
the
next
bullet,
basically
lease
properties.
A
A
Again,
that's
similar
to
the
bullet
prior
to
that
would
offset
the
freezing
of
the
taxes
at
the
pre-development
cost,
pre-development
value,
I'm
sorry
and
last
existing
property
owners.
So
those
individuals
who
may
live
in
residential
properties
or
have
properties
that
they
want
to
retain
would
be
eligible
for
a
tax
stabilization
agreement,
but
only
if
they
made
an
investment
in
their
property
of
a
minimum
of
fifty
percent
of
the
current
value
of
the
property.
A
So
basically,
if
your
your
property's
worth
a
hundred
thousand
dollars,
you'd
have
to
make
a
fifty
thousand
dollar
improvement
to
that
property
to
qualify
and
again,
the
taxes
would
be
frozen
at
that
new
rate.
The
post
development
rate
150
000
for
20
years,
and
there
is
no
provision
for
the
rent
or
the
sale
in
for
that
aspect,
so
that
basically
lays
out
the
highlights
of
what's
being
proposed,
what
what
has
been
written
and
if
you
have
any
questions.
A
I
know
the
councilman
had
a
question
about
that
I'll,
be
willing
to
answer
some
of
those
now.
But
if
not,
I
would
like
to
go
into
the
projection
of
of
a
a
sample
of
a
potential
development
that
could
happen
within
the
district.
Yes,
mr
williams,.
E
Is
going
to
define
what
these
terms
mean
regarding
pre-development
asset
assessment
value,
gross
sales
price
annual
net
operating
income?
Because,
if
you
leave
it
to
two
different
parties,
there's
going
to
be
two
different
interpretations
and
that's
going
to
cause
trouble.
That's
number
one!
And
regarding
the
lump
sum
payment,
I'm
assuming
that's
going
to
take
place
at
the
closing
who's
going
to
be
responsible
for
paying
that
which
which
entity
the
buyer
or
the
seller.
Okay,
and
is
that
negotiable.
A
Those
are
good
questions,
mr
williamson,
so
typically
in
in
ordinance,
you
know
and
as
you
know
as
well
as
I
do
many
times
in
ordinances
terms-
are
defined.
A
They
don't
happen
to
be
defined
in
this
ordinance,
but
duly
noted,
and
I
would
suggest
that
we
do
define
those
terms
and
that
those
terms
be
based
on
terms
of
the
trade,
I'm
not
a
realtor,
but
I
know
that
there
are
terms
of
trade,
and
I
know
there
are
terms
of
trade
for
assessed
value
through
the
tax
assessor's
office.
So
I
would
think
we
would
extract
those
definitions
and
import
them
into
the
ordinance
as
a
definition
section.
Okay,.
A
Yeah,
so
so
the
way
the
ordinance
is
written
is
the
ordinance
is
lays
a
framework.
It
has
parameters
in
it
and
there's
a
sliding
scale
within
that.
So
what
the
what
the
agency
is
suggesting-
and
I
know
that
there's
been
a
lot
of
discussion.
I
know
councilman
gosselin
has
some
opinions
on
this,
as
he
stated
them
previously.
A
What
the
agency
is
suggesting
is
that
the
council
adopt
a
a
the
parameters
of
the
ordinance
and,
basically,
when
a
developer
comes
in,
then
they
negotiate
within
those
parameters,
and
that
is
the
sliding
scale,
whether
it
be
20
years,
whether
it
be
10
years,
whether
it
be
6,
whether
it
be
2
all
of
those
are
up
to,
but
not
exceeding,
so
that,
in
the
opinion
of
the
agency,
someone
coming
in
would
know
basically
the
the
rules
of
the
game,
if,
if
you
may,
rather
than
each
developer,
coming
in
and
negotiating
totally
different
agreements
for
different
properties
and
different
developments,
there
are.
A
There
are
two
ways
to
go,
and
I
know
councilman
gosselin
mentioned
that
you
know
if
someone
comes
in
and
they
have
this
wonderful
project.
You
know
that
the
town
council
may
be
willing
to
give
them
the
benefit
of
of
a
better
a
better
agreement,
as
opposed
to
joe's
taxi
stand,
and
I
think
that's
the
example
that
he
used
on
a
couple
of
occasions
coming
in
it's
like
listen,
you
know
we're
not
going
to
give
joe's
taxi
stand.
The
same
benefit
we're
going
to
give
you
know
a
medical
office
building
coming
in
here.
E
My
last
question
is:
does
the
agency
envision
this
being
open
open-ended,
so
it's
gonna,
it
could
be
open
for
20
years,
so
projects
can
be
you
know,
or
is
it
going
to
be
just
a
in
period
of
time
you
have
five
years
to
apply
for
for
project
status.
How
is
that
going
to
work
out.
B
Mark
going
back
to
your
sliding
scale
would
to
take
what
I
want
to
say
the
politics
out
of
it.
Your
sliding
scale.
Would
that
be
something
to
the
effect
that
let's
say
the
building
is
a
hundred
thousand
dollar
building
and
okay
100
000
on
the
sliding
scale
gives
you
a
five-year
incentive,
but
it's
a
million
dollar
building,
and
that
gives
you
ten
years
on
the
incentive
and
it's
a
five
million
dollar
building
20
20-year
incentive
is.
A
A
There
no
to
give
you
a
direct
answer.
No,
that
is
not
the
type
of
sliding
scale
and
the
sliding
scale
for
lack
of
a
better
term,
and-
and
you
mentioned
you
know,
taking
politics
out
of
it
is
somewhat
subjective,
and
that
is
you
know.
What
is
the
desire
of
the
agency
and
what
do
they
think
is
an
appropriate
project
worthy
of
a
larger
tax
incentive.
So
to
answer
your
question,
no,
that
is
something
you
know
we're
looking
for
feedback.
If
that's
something
that
the
council
would
like
to.
B
See
that
is
certainly
something
reason
to
consider.
The
reason
why
I
like
that
type
of
scale
is
five:
two
years
nobody's
here.
Who
knows
we
don't
know
mr
boyer,
mrs
tayback.
They
have
developments
going
on.
Well,
I
have
an
issue
with
mr
boyer.
I
don't
like
well,
I
should
I
shouldn't.
I
take
the
politics
out
of
it
and
bob
I
like
you
by
the
way.
B
Take
the
politics
out
of
it
where
they
can
come
back
and
say
this
is
the
type
of
building
they're
putting
on
this
is
the
scale,
and
this
is
where
they
should
be,
and
you
know
that's
why
I
think
that
should
be
that
type
of
sliding
scale.
You
know
that
way
there
there's.
No,
you
know
hot
feelings
or
somebody
just
like
somebody
or
somebody
doesn't
like
that
particular
type
of
business
or
whatever,
and
they
just
don't
want
it
here.
You
know.
So
that's
something
I'd
like
to
see
worked
on.
A
Yeah
they're
they're,
you
know
when,
when
you
look
at
you
look
at
tax
incentive
agreements
from
community
community
they're
they're
structured
differently,
but
you
know
there
are
those
that
require
a
minimum
minimum
investment
to
qualify,
many
of
them
are
are
defined.
A
The
town
currently
has
a
tax
stabilization
agreement
for
the
the
office
park
and
that
is
clearly
defined
as
frozen
value
the
first
year
and
then
a
phase-in
of
taxes.
Twenty
percent
a
year,
twenty
forty
sixty
eight
to
eight
hundred.
So
it's
basically
a
six
year
tax
stabilization
plan,
and
I
know
that
that's
been
implemented
time
and
time
again
by
this
council,
so
yeah
there
yeah.
I.
I
do
clearly
hear
what
you're
saying
and
they're
they're.
This
does
not
include
that
type
of
a
scale,
but
that's
good
feedback.
B
F
The
pilot-
I
don't
know
the
pilot
program
idea,
came
from,
but
just
for
clarification
sake
is
this
like
options
that
a
person
that
a
developer
would
have
or
somebody
that's
owning
a
property.
Would
they
say
I
want
to
choose
the
pilot
program
as
opposed
to
the
pre-development
assessed
value.
So,
instead
of
paying
taxes
for
a
certain
amount
of
time,
they
would
pay
that
one-time
fee
to
the
town
and
then
pay
no
taxes
to
the
town.
That.
G
G
The
way
this
was
in
envisioned
for
the
agency
is
ultimately
this
council,
the
you
know
the
head
political
body
of
the
town
would
make
the
final
decision
and
what
we're
proposing
is
a
framework,
as
mark
said,
in
a
sliding
scale,
not
necessarily
for
the
amount
of
investment,
but
really
the
type
of
the
use,
for
example,
as
as
mark
said,
and
I'll
just
use
two
extreme
examples
like
metropolitan
life.
G
So
you
would
make
the
final
determination
of
how
much
of
a
benefit
whether
you
wanted
to
waive
not
only
or
or
reduce
or
put
a
tax
treaty,
but
waive
automobile
taxes
if
a
company
or
waive
other
stuff.
Ultimately,
like
inventory
tax,
you
as
the
council
would
have
the
decision,
but
this
would
help
us
in
terms
of
the
agency
go
out
and
recruit
a
business
to
say,
look,
here's
a
blueprint
you
can
qualify
from
from
a
to
z,
somewhere
in
between
it
depends
on
how
much
of
an
investment.
G
How
big
your
project
is,
what
kind
of
jobs
you're
going
to
bring
to
the
town,
and
is
it
going
to
be
in
such
a
kind
of
a
business
that
brings
in
other
tenants
other
users,
for
example,
if
you
were
able
to
secure
a
walmart,
there
are
certain
types
of
business
that
likes
likes
to
be
near
walmart
because
they
can
work
off
the
traffic
flow
from
walmart.
So,
ultimately,
this
is
a
framework
we're
looking
for
the
agency's
looking
for
input
from
you.
G
I
think
this
meeting
is
a
good
meeting
and
that's
that's
pretty
much
the
source
of
it.
For
example,
we
want
to
be
able
to
give
the
town
council
that
was
part
of
the
enabling
legislation
enough
tools
in
its
toolbox
to
make
a
decision.
The
state
went
out
recruited
general
electric
to
come
here
to
rhode
island
for
a
host
of
different
kinds
of
tax
incentives.
Ultimately,
the
state,
the
commerce
department
made
a
package
together
that
was
attractive
to
lure
ge
and
we
envisioned
the
same
thing.
G
The
council
would
make
a
package
individualized
to
particular
use
whether
it
was
the
joe's
taxi
cab
stabbed
or
was
somebody
else
now.
I've
appeared
before
this
council
in
my
private
capacity,
and
I
represented
belize
three
years
ago
and
belize
subaru
came
here
and
they
got
a
tax
stabilization
from
this
honorable
body
to
recruit
them
to
come
here
and
develop
a
parcel
of
land
that
had
been
otherwise
left
undeveloped
for
many
years.
I
think
at
the
time,
mr
president
was
a
town
planner.
He
supported
it.
G
I
don't
remember
if
there
was
a
town
manager-
maybe
you
were
just
the
beginning
of
the
town
manager,
but
that
they
provided
a
high
service
water
line
that
went
down.
They
helped
develop
the
project,
help
increase
the
value
and
and
brought
jobs
and
tangible
taxes
to
the
town.
So
there
was
a
a
like
a
cost-benefit
analysis
that
the
town
does
your
town
manager,
your
city
solicitor,
your
planning
board.
G
Everybody
would
look
at
a
particular
project
and
say
and
then
make
a
recommendation
ultimately
the
way
that
enabling
legislation
is
and
the
way
we
envision
it
from
an
agency.
You
as
the
town
would
make
the
final
decision.
We
would
have
the
chore
or
the
charge
so
to
speak,
to
go
out,
recruit
businesses
come
in
here
and
then
say.
This
is
what
we'd
recommend
to
the
town
council
and
try
to
get
the
highest
and
best
users
to
the
property
to
the
area
into
arctic.
F
But
doesn't
the
authority
already
have
the
ability
to
meet
with
a
developer
and
meet
with
a
prospective
business
owner
and
suggest
ideas
to
the
council?
Yes,
yes,
we
do,
because
the
concern
that
I
have
is,
I
feel
like
we're.
Creating
these
scenarios
that
I
don't
want
to
say,
bind
our
hands
because
they
don't
because
it
ultimately
comes
back
to
us,
but
just
by
passing
the
ordinance,
we're
suggesting
that
we're
okay
with
these
situations
when
some
of
them
and
I'm
not
big
into
business
development.
G
We
want
to
have
an
audience
in
place
that
we
can
use
as
a
marketing
tool
to
say
if
you
come
here,
because,
quite
frankly,
a
lot
of
businesses
haven't
looked
at
arctic
because
of
the
geographic
nature,
the
distance
to
from
the
highways
to
get
here.
The
traffic
pattern,
the
they
do,
a
radius
map
of
so
many
miles
in
the
household
income.
G
There's
a
lot
of
challenges
here,
so
we
we
need
to
entice
businesses
to
come
here
and
and
to
be
quite
frank
and
again
in
my
private
capacity
last
night,
I
passed
a
tax
stabilization
for
the
city
of
walmart
and
we
just
amended
it
included
it
and
providence
is
doing
it
the
state's
doing
it.
We
speaking
somebody
who
now
works
for
the
town.
We
can't
sit
back
and
let
these
other
communities
do
this
and
not
have
west
walworth
have
the
same
ability
again.
Ultimately,
we,
as
the
agency
are
not
doing
anything
we're
making
a
recommendation.
G
E
E
So,
although
the
the
ordinance
is
going
to
allow
you
to
do
certain
things,
it's
not
going
to
be
finalized,
which
means
even
if
you're,
acting
as
in
a
head
hunter
capacity
and
mr
boyer
wants
to
bring
in
say,
nathan's
hot
dogs
and
nathan's
hot
dogs
is
only
going
to
build
something
that
might
be
130
000.
G
E
G
H
E
G
C
E
You
know
51
of
the
cards
in
the
deck.
The
only
one
you
don't
know
is
whether
or
not
the
council
is
going
to
improve
it.
Other
cities
and
towns
ordinances.
You
might
only
have
10
cards
in
the
deck
you're
going
to
spend
tremendous
amount
of
money
trying
to
market
your
proposal
to
the
town,
there's
all
sorts
of
soft
costs
involved
and
they're
going
to
want
to
know.
Well.
Why
would
I
spend
that
type
of
money?
Thank.
G
G
You
give
an
indication
by
passing
a
framework
ordinance
that
if
you
meet
this
criteria,
you
were
eligible
to
receive
between
a
and
say
j
you're
not
going
to
get
a
to
z
but
you're
eligible,
and
then
it's
the
town
council
will
decide
and
and
that's
the
the
intent
is
by
you
passing
it.
It
says
we're
open
for
business
because
any
developer,
the
worst
thing
you
can
do
is
you
know,
delay
you
have
to
go
to
the
planning
board.
You
have
to
go
to
the
zoning,
but
it's
a
relevant
agency.
G
H
So,
knowing
what
other
communities
are
are
doing
or
have
done,
do
we
have
the
edge
at
all?
Well,.
G
This
is
very
broad
that
I
will
tell
you
this
warwick's
attack
walks,
enabling
ordinance,
which
was
passed
in
may,
that
was
expanded.
Last
night
is
only
for
10
years,
and
it's
only
for
a
certain
area.
The
original
area
was
around
the
transportation
intermodal
zone
around
the
airport.
G
It
last
night
was
expanded
to
include
historical
properties
so,
and,
and
that's
what
warwick
is.
The
state
is
a
little
bit
broader.
They
have
here,
they
can
offer
programs
all
over
the
state,
but
they
can
also
offer
a
greater
incentive
if
you're
going
into
an
industry
which
they
consider
high
growth,
high
yield
high
tech,
for
example.
If
you're
going
to
bring
in
a
high
to
paypal,
a
high
tech,
you
get
an
added
bonus
because
it's
a
kind
of
a
business
that
they
want
to
encourage
as
growth
it's
startup
type.
G
Businesses
is,
is
the
the
provisions
about
five
extreme
and
what
works
minimum
investment
is
five
million
dollars
and
the
other
issue
about
walmart,
just
because
you
asked
councilman
thank
you
mark
is
that
in
the
warwick
situation,
you're
only
eligible
to
get
a
tax
stabilization
from
city.
If
you
have
received
tax
credits
from
the
state,
so
you
have
to
go
meet
the
state
criteria.
H
G
G
G
He
builds
a
development
for
whatever
and
then
four
five
six
years
in
there
with
the
tax
treaty
decides
to
sell
it
to
a
wreath,
and
that's
great
so,
but
this
the
town
should
be
able
to
recapture
some
amount
of
money
and
then
let
me
just
tell
you
the
amount.
This
was
proposed
to
us,
the
agency,
this
seven
and
a
half
percent
that
can
change
and
the
money
that
says
you
know
one
half
to
the
police
and
one
half
to
the
fire.
One
half
the
senior
that's
suggested
language
that
can
go
to
the
you.
G
H
G
H
H
F
In
the
redevelopment
authority
itself,
certainly
because
I
guess
the
issue
that
I
have
is
just
from
a
finance
perspective,
it
just
seems
we're
trying
to
keep
such
a
close
tight
view
on.
What's
going
on
with
our
budgets,
these
sales
messing
with
budgets
and
revenues
and
causing
all
these
things,
it
just
seems
like
we're
asking
for
trouble.
So
that's
a
part
that
I
I'd
like
to
see.
G
You
yeah
we're
here
asking
you
guys,
you
know
this
is
our
first
draft
of
what
we
propose
give
us
your
comments.
Give
us
a
second
draft
doesn't
have
to
be
tonight
or
tomorrow
this
week,
but
and
then
we'll
come
back
and
hopefully
come
to
an
agreement.
Enact
it
and
then
let
us
go,
try
to
go
out
and
get
some
business.
H
H
Did
was
you
know
once
I
looked
at
it,
and
then
we
happened
to
have
a
meeting
for
the
the
event
coming
up
in
october,
and
I
I
asked
the
town
manager
as
fred.
What
do
you
think
of
this
and
his
initial
response
and
I'm
not
hoping
that
you
could
change
your
mind,
but
I
don't
like
it
right,
and
so
I
mean
those
would
be
the
people,
my
immediate
people
I
would
go
to.
I
would
go
to
the
town
planner
I
would
go
to
mock.
I
would
go
to.
H
I
would
go
to
our
manager,
who
was
a
former
town
planner
and
find
out
specifically
what
don't
they
like
about
this,
and
you
know
what
would
they
change
if
they
could
change
and
talking
to
not
a
lot
of
people
because
a
lot
of
people
their
eyes
glaze
over
as
soon
as
you
start
talking
about
this
stuff,
but
those
those
two
provisions,
I
think
jumped
right
out,
but
but,
as
you
said,
they
they're
fairly,
they
can't
be
changed
at
any
time.
H
It's
just
a
draft
whatever,
and
I
would
like
to
hear
from
our
manager
what
he
feels
generally
about
it
and
then
specifically
sure
I'll.
G
Be
happy
to
sit
down.
I
just
want
to
leave
you
on
this
last
point.
So
you
know
we
did
have
commerce
ri
come
down
and
address
the
agency,
or
we
did
a
rfp
for
developers
to
come
forward
with
proposals.
This
was
one
that
was
given
to
us
as
a
framework
and
we've
changed
and
modified
it.
We
did
go
to
the
general
assembly.
G
H
Ask
one
other
question:
on
the
second
from
the
last
bullet
on
the
executive
summary:
if
the
property
is
leased,
they
would
pay
the
six
percent
annual
net
operating
income
every
year.
They
would
pay
that
yeah,
so
it
would
be
every
year
until
the
what
the
it
would
fail.
C
G
It
would
be
an
expense
in
exchange
for
the
tax
incentive
now,
if
you're,
giving
somebody
at
least
this
property
forever.
I
know
that
they
that's
why
we
put
that's
why,
instead
of
just
a
sale,
we
put
a
lease
in
there.
The
the
part
that
I
clearly
agree
with
your
solicitor
williamson
is
the
six
percent
of
the
annual
net
operating.
E
B
G
Exactly
I
was
just
going
to
say
that
they
ever
all
of
those
corporations
are
very
heavily
regulated.
They
have
to
file
a
tax
return,
so
it's
it's
pretty.
You
can
ask
for
a
copy
of
a
schedule.
C,
you
can
have
an
account
and
certify
and
that's
a
big
deal
now,
because
they've,
the
federal
government
has
passed
laws,
one
account
and
certify
stuff.
G
It
has
to
be
there
and-
and
you
can
ask
for
audits-
and
you
can
ask
for
third
parties
as
long
as
a
developer
knows
that
going
in
that
you
know,
if
you
want
to
have
this
benefit,
you
have
to
send
a
certified
records
every
year
to
qualify.
That's
how
the
state
does
it
when
you
have
to
hire
so
many
people
at
a
certain
income.
The
cfo
has
to
certify
or
the
treasurer
has
to
certify
it,
and
also
your
outside
accountant
has
to
certify
it.
G
So
it
can
be
done
with
very
little
burden
to
the
town
infrastructure.
It's
not
going
to
have
your
town,
treasury
or
town
finance
director
going
through
books.
They
would
receive
an
audit,
they
would
look
at
the
audit
and
it
would
be
a
certification
and
an
audit
process,
both
internal
and
external.
Thank
you,
fred.
D
Thank
you
I'll
sit
down
my
issues
with
this
art,
just
what
council
vice
president
gerudo
stated
those
those
two
bullets
where
it
talks
about
the
seven
and
a
half
percent
of
the
gross
sales
price
or
the
six
percent
of
the
annual
net
operating
income
from
a
lease.
I
just
don't
feel
that
those
are
appropriate
incentives
for
a
town
to
be
offering
to
a
developer.
I
mean
it's
very
common
for
towns
to
do
tax
agreements,
phase
in
taxes,
freezing
tax
proportion.
Those
are
all
very
common
tools.
D
This
seems
a
bit
out
of
the
ordinary
and
I'm
not
usually
against
something
that's
out
of
the
ordinary.
Just
for
that
reason,
but
another
reason
why
I'm
not
too
fond
of
this
particular
approach
is
that
it's
impossible
to
budget
for,
whereas,
if
you
know,
if
you
look
at
like
the
royal
mills
agreement,
the
town
had
you
know
that
was
a
long-term
tax
agreement,
but
you
could
tell
in
year
17
what
we
were
going
to
be
receiving
and
you
could
budget
for
that.
D
C
F
C
F
C
C
H
D
H
D
Got
sold-
and
you
know
you
know
so
I
just
think
you
know
it
just
opens
up
an
opportunity
for
on
on
several
fronts
to
have
mismanagement
of
funds,
and
I
just
think
it's
much
cleaner
if
you
have
a
straight
tax
incentive
which
all
developers
are
used
to
by
now
I
mean
and
all
the
state
incentives
that
were
met
were
mentioned
by
attorney.
Sukarchi
are
all
available
in
this
zone
as
it
stands.
D
So
what
we're
talking
about
is
to
add
on
to
those
state
incentives
and
to,
and
I
think
we
can
and
I'm
fine
with
saying
you
know
up
to
20
years
for
an
agreement
and
I'm
fine
with
saying
even
the
possibility
of
doing
a
pilot.
I
just
don't
like
the
idea
of
specifying
any
kind
of
particulars
like
this,
particularly
when
it
talks
about
making
a
profit
on
a
sale,
a
commercial
sale
outside
of
any
of
our
control.
D
You
know,
because
you
could
have
a
developer,
come
in
and
sell
it
to
his
cousin
for
pennies
on
the
dollar
and
then
he'll
turn
around
and
sell
it
back
to
him.
E
I
mean
all
that
stuff,
that's
where,
if
documents
aren't
provided
to
the
town,
the
deal's
done
so,
for
example,
going
back
to
the
tax
issue,
if,
in
fact
a
company
doesn't
turn
over
their
books
within
x
amount
of
days,
the
deal's
gone,
and
they
can't
really
seek
an
extension
unless
they
fire
something.
So
you
have
control
over
it.
E
D
E
D
B
E
H
A
That's
that's!
I
that's
what
I
would
suggest
that
we'd
like
to
hear
from
you
as
a
group
and
individually,
and
we
can
take
all
of
that
feedback
in
and
go
in
and
and
restructure
as
necessary,
just
just
to
touch
on
one
point
that
councilman
drew
mentioned.
The
first
version
of
the
ordinance
when
he
responded
to
that
didn't
include
a
provision
for
the
stable
payment
based
on
the
pre-assessment
annually
over
the
years.
A
We
added
that
in
as
a
result
of
that
feedback,
so
that
that
is
an
aspect
that
we
took
under
consideration
and
incorporated
back
into
this
ordinance.
The
initial
ordinance
was
zero
payment
to
the
town
and
fred
also
mentioned
to
me
his
concern
about,
and-
and
you
know,
if
you've
ever
managed
the
budget-
a
town's
budget
in
a
large
budget.
A
B
A
A
A
B
A
D
B
G
A
very
real
possibility,
but
you
have
to
you
know
you
can
sit
here
and
worry
about
that
happening
or
you
can,
you
know,
take
a
shot
at
it
and
you
can
also
end
up
with
belize
motors
who's
by
far
more
than
bankruptcy,
they're
they're
expanding
in
west
warwick.
They
want
to
do
more
business,
they
like
doing
business,
they
love
fred,
they
love
this
town.
They
want
to
looking
for
another
location
and
much
to
my
chagrin,
where
someone
represents
warwick.
They
want
to
move
some
of
their
wallet
operations
into
west
walworth.
So
I
mean
you.
H
Exactly
and
I
think
that's
the
point-
there
is
always
risk
involved,
there's
been
risk
over
the
years
and
sometimes
we've
lost
and
sometimes
we've
won.
He
just
gave
a
perfect
example:
you
were
losing
you're
winning,
but
we've
been
giving
tax
incentive
agreements
for
years.
The
formula
hasn't
changed
in
years.
We
need
to
do
something,
obviously
we're
not
doing
everything
that
we
should
be
doing
because
we're
not
getting
businesses
knocking
on
our
door
coming
into
town.
We
need
something.
H
I
don't
know
something
like
a
wow
factor
here
in
this
agreement,
so
that
you
know
a
business
will
look
at
this
and
say
wow.
The
other
cities
aren't
offering
this.
This
is
something
we
might
want
to
look
into
and-
and
I
I've
been-
you
know
preaching
this-
I
think
from
the
first
day,
you
know
that
we
need
incentives
to
get
you
know.
Companies
in
here
and
as
the
economy
gets
better,
it
gets
even
tougher
and
tougher.
Yes,
that's
the
problem,
we're
behind
the
eight
ball
right
now.
We
we
need
to
catch
up
and.
G
Never
ever
ever
give
a
tax
treaty
until
may
of
this
year.
They
took
the
ten-year
audits
in
effect,
and
now
three
months
later,
they're
expanding
it.
So
what
does
that
tell
you,
the
city
of
providence,
used
to
give
them
hodgepodge?
They
passed
an
ordinance
now
they've
got
that
profession,
hotel
moving
it's
happening.
Other
communities
are
massachusetts.
Is
I
mean
you've
got
to
get
in
the
game.