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Middletown Board of Estimate approves cleanup of tax-credit agreements for O and W project, readies closing
Summary
The Middletown Board of Estimate at a brief meeting approved clerical revisions to three tax-credit-related agreements tied to the O and W Prime LLC project, authorized moving toward a planned closing and signaled contractor awards and construction to follow.
The Middletown Board of Estimate approved minor clerical changes to three tax-credit-related agreements for the O and W Prime LLC project and moved the deal toward a planned Friday closing.
The board, meeting briefly, agreed to updates to an assignment-and-assumption agreement, an amended-and-restated agreement and an amended-and-restated lease tied to capital improvements for the project. Unidentified Speaker, who led the meeting, said the documents had already cleared council review and the project's tax-credit attorneys, identified in the transcript as Blake and Hostler.
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