[Adopted 5-8-2001 by Ord. No. 61]
Pursuant to Connecticut General Statute Section
8-215, the Town of Tolland hereby allows for the abatement in part
or in whole of real property taxes on any housing, owned and operated
by a nonprofit entity and used solely for low- or moderate-income
persons or families on the terms and conditions provided herein.
The Tolland Town Council may authorize a partial
or whole tax abatement of real property taxes on housing, owned and
operated by a nonprofit entity, and used solely for low- or moderate-income
persons or families, provided that the abatement serves one or more
of the following purposes:
A.
Reduces rents below the levels which would be achieved
in the absence of such abatement and improves the quality and design
of such housing; or
B.
Effects occupancy of such housing by persons and families
of varying income levels within limits determined by the Commissioner
of Economic and Community Development by regulation; or
C.
Provides necessary related facilities or services
in such housing.
Any such abatement shall be made pursuant to
a contract between the municipality and the owner of any such housing,
which contract shall provide the terms of such abatement, that moneys
equal to the amount of such abatement shall be used for any one or
more of the purposes herein stated, and that such abatement shall
terminate at any time when such housing is not solely for low- or
moderate-income persons or families.
If any section, clause, provision or portion
of this article shall be held to be invalid by any court of any competent
jurisdiction, such holdings shall not affect or impair any other section,
clause, provision or portion of this article.
