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Torrington boards authorize mayor to draft new tax‑collector contract after term‑sheet agreement
Summary
A joint meeting of Torrington’s Board of Finance and City Council unanimously authorized the mayor to draft a new tax‑collector services contract with Torrington Tax Collector LLC (TTC), based on a nonbinding term sheet that would extend the contract through May 2031 in exchange for transferring several tax‑sale parcels to the city.
A joint meeting of the Torrington Board of Finance and City Council on Nov. 17 unanimously authorized the mayor to work with corporation counsel and the tax collector’s attorney to draft a replacement contract for tax‑collector services. The nonbinding term sheet presented would consolidate separate amendments to the 2015 agreement and extend the contract term with Torrington Tax Collector LLC (TTC) through May 11, 2031.
The term sheet locks the tax collector’s commission at 0.35% and incorporates prior amendments…
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