Council approves resolution asking state to allow tax stabilization agreements for Coventry developments
Coventry Town Council unanimously approved a resolution asking the Rhode Island General Assembly to amend state law to allow the town to enter tax-stabilization agreements for commercial, industrial, residential and mixed-use projects; council members were told the change is an enabling tool, not an automatic benefit for developers.
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Coventry Town Council voted unanimously Wednesday to ask the Rhode Island General Assembly to amend state law so the town may negotiate tax-stabilization agreements with private developers for commercial, industrial, residential or mixed-use properties.
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