A.
Pursuant to Sections 12-65c through 12-65f of Chapter 203 of the Connecticut General Statutes, as amended, the legislative body of the Town of Putnam is authorized to designate any area within the Town as a rehabilitation area for purposes of thereafter acting upon applications by owners of real property within such area for a deferral of any increased assessment attributable to rehabilitation or new construction taking place in such a designated area, and to also set forth certain criteria for eligibility of such an area for consideration for such assessment increase deferral relien.
B.
It is desirable and in the public interest to so designate a specific area within the Town of Putnam as a rehabilitation area for purposes of Sections 12-65c through 12-65f of the Connecticut General Statutes, as amended, said area specifically being a certain parcel of land with all buildings and improvements thereon standing located at the corner of Main Street and Pomfret Street in the Town of Putnam and known as the former "Montgomery Wards Building," and as hereinafter more particularly set forth and described.