The Plymouth Redevelopment Commission will hold a public hearing tonight concerning a lease between the Plymouth Redevelopment Authority and the Plymouth Redevelopment Commission for the proposed city building and chamber of commerce renovation project.
City Attorney Sean Surrisi explained that the commission will sign over the title of the building to the Redevelopment Authority who will hold the title throughout the 10-year term of the lease. The title can transfer back to the city from the Redevelopment Authority at the end of the term when nothing is due.
After public comments are heard, a resolution approving the city hall lease will be reviewed for approval. The commission members will also receive a project update on the city office renovation project.
The Plymouth Redevelopment Commission will meet tonight at 5:30 p.m.
If the lease is approved, the Plymouth Redevelopment Authority will have the opportunity discuss it after they organize in a meeting Wednesday afternoon. The members may also move forward with the bond sale to fund the project. The issuance of bonds will not exceed $3 million.
The Plymouth Redevelopment Authority will meet Wednesday at 4 p.m. Both meetings will take place in the city council chambers in the Plymouth City Building.