Tuesday, April 2, 2013
Foxborough’s Tax Increment Financing (TIF) negotiating committee will provide the town's Board of Selectmen with an update on talks with Invensys Tuesday night.
After roughly a month of negotiations with Invensys, the town’s Tax Increment Financing (TIF) negotiating committee is ready to present its findings to Foxborough’s Board of Selectmen Tuesday night. The presentation is scheduled for 7:10 p.m. in the Andrew Gala Meeting Room of Town Hall and is expected to last at least 45 minutes. An outline of Invensys’ desired terms of a 15-year TIF with the town showed the company, with roots over 100 years old in Foxborough, would be exempt from TIF payments over the first four years of the agreement. The outline, made public in March, shows Foxborough would receive $7,632,716 in total revenue over the 15-year term of the TIF, including $998,051 in TIF taxes over the final 11 years of the deal. …
Wednesday, March 13, 2013
Invensys’ first tax increment financing (TIF) proposal to the town would save the company roughly $1.8 million over 15 years while producing roughly $7.6 million in total revenue to Foxborough.
Expressing a desire to remain in Foxborough, Invensys has submitted its first Tax Increment Financing (TIF) proposal to the town as negotiations began late last week. According to the proposal, the TIF would last 15 years and save Invensys a total of $1,880,944 while enabling the company to invest $33 million-worth of renovations to existing buildings and remain in Foxborough. “The company currently occupies three underutilized and outdated locations in Foxborough,” said Invensys Senior Vice President Steve Sacco in a recent letter to Town Manager Kevin Paicos. “It has proposed plans to consolidate into two buildings to maximize efficiency and provide a more modern and attractive workspace for its employees.” The total project investment …
Wednesday, January 23, 2013
The following town news and notes were compiled from the Jan. 22 Foxborough Board of Selectmen meeting.
Invensys, locally known as the Foxboro Company, is interested in meeting with the town’s Board of Selectmen to discuss future business opportunities with a community it has served for over 100 years. Foxborough Board of Selectmen vice chair Mark Sullivan has been speaking with the company’s leaders about where the business is and what its future plans are in town. Invensys has agreed to attend to the Feb. 5 BOS meeting to share these discussions with the public and other board members. Foxborough’s Board of Selectmen accepted with regret the resignation of Peter St. Laurent from the Board of Foxborough Recreation. St. Laurent’s letter cited work and family commitments as reasons for her resignation. “I will send a letter to Peter on behalf…
Thursday, August 23, 2012
The following obituary is courtesy of Roberts & Sons Funeral Home.
- OBITUARIES
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Thursday, August 23, 2012
Grace Louise Cotter, age 92, passed on Tuesday, Aug. 21, 2012 at the Epoch Senior Health Care of Norton. She was the wife of the late Joseph Cotter and daughter of the late Rudolph and Louise (Grab) Schoder. Cotter was born in Boston on Oct. 24, 1919 and was raised and educated in Dedham. She and her husband Joseph were married on June 14, 1947 in at the Immaculate Conception Church in Easton. She was a former longtime resident of Foxborough. Many years ago, Cotter worked in the photography department at the Foxboro Company. In her later years, Cotter worked for at the Hillside Christian Conference Center in Sharon. Beloved mother of Katherine Bordieri and her husband Richard of Mansfield, Susan Wood and her husband Michael of California, …
Dennis Naughton
10:45 pm on Wednesday, March 13, 2013
The catch here is that Ivensys seems to want the town to show its hand and then decide whether or not they want to stay----with no up front commitment from them about staying. In other words, win-win for them. Interesting that they have picked a time when relations have been strained between the town and the Kraft organization. Has the feeling of a gun to the town's head--not a very good feeling… more ›