Town Council Special Meeting Agenda

AGENDA

 

SPECIAL MEETING

 

SOUTH WINDSOR TOWN COUNCIL

                                                                                                              

COUNCIL CHAMBERS                                                WEDNESDAY, AUGUST 26, 2015

SOUTH WINDSOR TOWN HALL                                                                TIME:  7:30 P.M.

 

1.      Call Meeting to Order

 

2.      Roll Call

 

3.      Public Participation

[Per Town Council Rules, this segment of the meeting shall not exceed thirty (30) minutes unless extended by the Mayor, with the consent of a majority of the Town Council.]

 

4.      Communications

 

5.      Executive Session

 

A.       Discussion of documents containing financial information provided in confidence and exempt from disclosure pursuant to C.G.S. §1-200(6) and §1-210(b)(5)(B) regarding The Connecticut Studios project.

 

6.      Special Business

 

A.       Discussion Item:  Status of Connecticut Studios Project

 

B.       Resolution Concerning Fuel Cell Payment Agreement

 

7.      Adjournment

 

 

 

 

RESOLUTIONS

 

SPECIAL MEETING

 

AUGUST 26, 2015

 

 

6.      Special Business

 

B.       Resolution Concerning Fuel Cell Payment Agreement

(Councilor Wagner)

 

WHEREAS, the Town of South Windsor has been negotiating with CTS Energy, Connecticut Studios, and DCK regarding the development of land located along Ellington Road in the I 291 corridor; and

 

WHEREAS, the negotiations involve a mixed use development that is intended to bring a significant amount of tax revenue to the Town of South Windsor; and

 

WHEREAS, the negotiations involve the construction of a 4.98 megawatt fuel cell electric generation facility, such fuel cell not being taxable by the Town; and

 

WHEREAS, the development previously was intended to involve the construction of a movie studio facility, a portion of the taxes from which would pay for public infrastructure for the project; and

 

WHEREAS, the current owner and developer of the project has determined that the movie studio project does not appear to be financially viable, at least in its full scope and scale; and

 

WHEREAS, the fuel cell will provide certain benefits to the Town and the developer (including the generation of stable and uninterrupted electricity for the Town’s emergency use and for the project’s tenants), revenue from the sale of electricity, and an opportunity to build a microgrid to which cost is reimbursable through a State grant; and

 

WHEREAS, the current owner and developer has proposed a mixed use development containing: (a) up to five buildings totaling up to 225,000 gross square feet for commercial uses; (b) one or two large scale buildings totaling up to 150,000 gross square feet for industrial uses; (c) one full service restaurant, and (d) up to 50,000 gross square feet of retail space and additional or alternative facilities and improvements; and

 

WHEREAS, the Town has negotiated an agreement with the owner and developer, whereby the owner and developer will pay the Town $514,000 per year which sum shall be used to pay for certain infrastructure improvements.

 

NOW, THEREFORE, BE IT RESOLVED that the Town of South Windsor hereby authorizes the Town Manager to sign a fuel cell payment agreement between the Town and the owner and developer which provides for the following:

 

The fuel cell will provide stable and uninterrupted electricity to the developing through a microgrid.