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Finance committee approves 10-year tax agreement with Providence Water Supply Board for Voss Tech properties
Summary
The Providence City Committee on Finance approved a 10-year tax agreement between the city and the Providence Water Supply Board covering properties tied to Voss Tech. Year-one payments under the new agreement are about $60,000 lower than the commercial valuation estimate, officials said.
The Providence City Committee on Finance on Feb. 11 approved a resolution authorizing a 10-year tax agreement between the city and the Providence Water Supply Board covering a portfolio of properties associated with Voss Tech.
Committee chair Helen Anthony opened the item and the committee voted to approve the measure after a presentation by a representative of Providence Water Supply Board. Councilor Sanchez made the motion to approve; the motion was seconded and adopted by the members present.
Committee members heard a financial summary of the proposed agreement. According to the…
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