FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
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MOTION to approve the following proposed project to be eligible for Neighborhood Assistance Act (NAA) tax credits.
* The ARC of Eastern Connecticut to replace windows at the Group Residence located at 1671 Center Groton Road, Ledyard estimated cost $26,872.00.
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Background:
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The State Department of Revenue Services in conjunction with large corporations in the State of Connecticut developed a Neighborhood Assistance Act (NAA) which provides a tax credit to businesses that make donations to nonprofits for projects approved by their local governments
The Arc of Eastern Connecticut a non-profit organization is seeking support from the Town of Ledyard to apply for the 2023 Neighborhood Assistance Act Program.
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* ARC of Eastern Connecticut County $26,872.00:
ARC of Eastern Connecticut, a 501(c) non-profit organization has submitted a project in the amount of $26,872.00 to replace the windows at their group residence lactated at 1671 Center Groton Road, Ledyard. which provides round the clock support to six clients with intellectual and developmental disabilities, some who have limited mobility and/or were older.
The total project cost would be $31,872 with The Arc of Eastern Connecticut contributing $5,000 to the project. The NAA requested funding was $26,872.
Department Comment/Recommendation:
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Finance Director Comment/Recommendation:
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Mayor Comment/Recommendation:
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Meeting Action Detail:
Town Council Meeting 04/12/2023:
File #: 23 1387 Version: 1
Type: Financial Business Request (FBR)
Title: MOTION to approve the following proposed project to be eligible for Neighborhood Assistance Act (NAA) tax credits.
* The ARC of Eastern Connecticut to replace windows at the Group Residence located at 1671 Center Groton Road, Ledyard estimated cost $26,872.00.
Moved: Saums Seconded: Ingalls
Action: Approve
Minute Note:
Moved b...
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