DEEP RIVER– The board of selectmen this week approved contracts with three local firms for development on a town-owned parcel at the Plattwood Park Industrial Area. The board endorsed the contracts at a meeting Tuesday after selecting the three firms earlier this summer following a request for proposals.
First Selectman Richard Smith said the three firms, Top Notch Electrical Services LLC, Winthrop Tool LLC, and Moyers Landscaping Services LLC, will be required to begin construction of an industrial building on their assigned parcel by April 2015. The industrial building lots are being divided from a four-acre parcel on the northwest corner of the town industrial area that the town purchased last year for $270,000 from local resident Gary Mislick.
The plans, which have received approval from town land use commissions, call for three lots fronting on a new road that would end in a cul-de-sac. The agreement calls for the town to construct the access road for the parcels.
Under the contracts, the three businesses would be required to pay municipal property tax on the property, including tax on all buildings and equipment. Under the terms of a 40-year lease, the businesses would pay a nominal rent on the land of only $1 per year for the first ten years, with annual rent increasing to $3,600 per year in October 2024. The lease also includes an option to buy the parcels, with the annual rent on the parcels rising every ten years through 2054.
In a separate development Smith reported that a large manufacturing company that had expressed interest in a 59-acre industrial parcel on the east side of Route 154 has now stepped back from a possible purchase of the land from the Mislick family. Smith had announced a possible sale of the parcel, which was rezoned industrial in 2006, at the Aug. 12 board of selectmen meeting.
Smith said the costs of constructing an access road in to the parcel, which would have to extend more than 1,000 feet after a crossing of the Valley Railroad tracks, were too much for the unidentified prospective buyer. Smith said the land remains on the market for sale and development.