Discussions will continue concerning mechanics within a proposed lease between the Plymouth Board of Public Works and Safety and Van Vactor Farms.
David Miller from Van Vactor Farms presented a proposal to the board during their meeting earlier this month and the company’s attorney drew up a simple agreement that was presented to the board Monday night that gives guidance on how money sold from land sales from the techFarm be allocated.
The current agreement gives the money to the city to use for projects within the city. According to Miller, that was not the original intent, but an amendment to the current procedure was agreed upon several years ago. It is the interest of the company to go back to the original agreement where the land sale money would go toward a purpose in the techFarm or use it as a deal to be put together as an incentive to make a sale of land in the techFarm. After those options have been exhausted, the money can be used for a city project.
In addition, the proposal would create a three-member committee to oversee the funds. The committee would include Mayor Mark Senter, a Plymouth Redevelopment Commission member and a member appointed by Van Vactor Farms.
Board member Jeff Houin thought the agreement lacked the details of how a funding decision would be made, specifically if a majority rule would finalize the action or if it needed to be unanimous decision. It was also suggested that instead of the committee voting on the matter a recommendation be made by the committee to present to the Board of Public Works and Safety for approval.
With many questions left to be answered, the board members agreed to discuss the proposal at their next meeting.
