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Council OKs tax-stabilization ordinance for 430 Saberc Road tied to Medical Development Associates
Summary
The Middletown Common Council voted unanimously to approve amendments to the Code of Ordinances to grant a tax-stabilization agreement for 430 Saberc Road in favor of Medical Development Associates, LLC; the ordinance passed after a motion by Councilman Nocera.
Councilman Nocera introduced an ordinance approving proposed amendments to the Code of Ordinances to authorize a tax-stabilization agreement for 430 Saberc Road in favor of Medical Development Associates, LLC. "Ordinance approving the proposed amendments to the code of ordinance of the City Of Middletown section 2 7 2 dash 6.6 tax stabilization agreement for 430 Saberc Road in favor of the Medical Development Associates LLC," he said during the motion.
The motion was seconded and put to a voice vote; the chair recorded the ordinance as passing unanimously. The transcript contains the ordinance description and the property address as read into the record; the council did not disclose the duration or the financial terms of the tax-stabilization agreement in the public portion of the meeting.
