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Town of
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(260) 587-3500 Fax: (260)
587-3504 manager@hudsontown.org |
President,
Dear Sirs:
In reviewing the activities
of the immediate past year, the Hudson Redevelopment Commission undertook only
one new activity, the offset of costs associated with a possible new commercial
activity. For this activity, the
Commission has committed to the reimbursement of utility easements, driveway
permit applications, and drainage on the site to be reimbursed over a five (5) year
period beginning the year following the opening. The annual reimbursement will be $8,000 per
year. Additionally, the Commission
remains focused on completion of existing projects.
The western extension of
the water and sewer lines, completed in early 2003, remains a financial
obligation.
These improvements have had
their price. The Commission currently
has a debt of $174,103.24 as of the end of 2006. The existing debt is being repaid from Tax
Increment Funds (
Sincerely,
Sean
Walker
President,