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Board approves bills including $2,112 in legal fees to be charged back to Smith Properties
Summary
The agency approved payment of bills; the board noted $2,112 in legal fees for Smith Properties will be charged back to escrow rather than the redevelopment budget.
The board approved payment of bills as presented. The Chair noted there were legal fee charges to be allocated: "we have total of $2,112, legal fees for the Smith Properties," and clarified those fees are picked up from escrow and not charged to the town redevelopment budget.
A motion to pay the listed bills was made and approved by voice vote. Members said developers who come before the agency will be expected to maintain escrow accounts to cover professional fees, and routine questions about what fees are charged to escrow versus the redevelopment budget were clarified during the discussion.
