DEEP RIVER— The board of selectmen has picked three firms to be offered a chance to build on a town-owned parcel at the Plattwood Park Industrial Area off Route 80. The firms are Winthrop Tool LLC, Top Notch Electrical Services, and Moyers Landscaping Services LLC.
The firms will be allowed to construct three new industrial buildings as part of an economic development plan endorsed by the selectmen last year. The town purchased a four-acre parcel located off Industrial Park Road from local resident Gary Mislick for $270,000 to be paid in three annual installments. To pay for the acquisition, it used income derived from rentals in two industrial buildings that were constructed using state grant funds in 1997 and 2004.
First Selectman Richard Smith said the town will sponsor construction of a 300-foot road that would open up the parcel for three new industrial buildings. Under preliminary plans, Winthrop Tool LLC would construct a 12,000 square-foot building, Moyers Landscaping a 9,600 square-foot building, with Top Notch Electrical Services to construct a 4,500 square-foot building. Contracts expected to be signed later this summer would require the firms to begin construction within six months. Smith said Monday all three firms are ready to begin construction this year.
Under the contracts, the town will receive property tax revenue for the land, even though it is the land owner, and all buildings, equipment, and machinery on the parcel. Each of the three firms is already involved in the Plattwood Park Industrial Area, with Winthrop Tool and Top Notch Electrical Services currently leasing space in the two existing town owned buildings. Smith said the two firms have “maxed out,” in their rental space and are looking to expand. Moyers Landscaping Services owns an abutting parcel that contains a 12,000 square-foot building.
Smith said new buildings for Winthrop Tool and Top Notch Electrical Services would free up space in the two town owned buildings for new tenants. Smith said the board of selectmen next year would consider selling the two existing buildings, with income from the sale to be placed in a separate fund for future economic development efforts.