Recently, David Hickey, President of Faria Corporation presented a proposal before the Montville Finance Committee...asking for consideration of a five year tax forgiveness (abatement), and to borrow two million dollars, in the form of municipals bonds to enable Faria's renovation project to be financed at a lower interest rate. The corporation promises to assume payments on principle and interest if the town obtains the bond debt. Mr. Hickey also informed the committee that the City of Norwich has expressed an interest in the Faria Corporation relocating there.
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