SB 697 — AN ACT CONCERNING CERTAIN MUNICIPAL AGREEMENTS TO FIX ASSESSMENTS.

Senate General Assembly RaisedFile Bill No.

69761 January Session, 2021 LCOSenate Bill No.

2623697 ReferredSenate, toMarch 16, 2021 The Committee on PLANNINGPlanning ANDand DEVELOPMENTDevelopment Introducedreported by:through SEN.

(PD)CASSANO ANof ACTthe CONCERNING4th CERTAINDist., MUNICIPALChairperson AGREEMENTSof TOthe FIXCommittee ASSESSMENTS.on the part of the Senate, that the bill ought to pass.

AN ACT CONCERNING CERTAIN MUNICIPAL AGREEMENTS TO FIX ASSESSMENTS.

(a) (1) Any municipality may, by affirmative vote of its legislative body or, pursuant to subdivision (2) of this subsection, its board of selectmen, enter into a written agreement, for a period of not more than ten years, with any party owning or proposing to acquire an interest in real property in such municipality, or with any party owning or proposing to acquire an interest in air space in such municipality, or with any party who is the lessee of, or who proposes to be the lessee of, air space in such municipality in such a manner that the air space leased or proposed to be leased shall be assessed to the lessee pursuant to section 12-64, fixing the assessment of the real property or air space which is the subject of the agreement, and all improvements thereon or therein and to be constructed thereon or therein, subject to the LCOSB697 2623/ \\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-00697-R01File of 2 SB.docx Raised Bill No.

69761 provisions1 ofSB697 subsectionFile (b)No. of this section.

61 provisions of subsection (b) of this section.

Section 1 October 1, 2021 12-65b PD Joint Favorable LCOSB697 2623/ {\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-00697-2File ofNo. 2 R01-SB.docx }

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61 The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of the General Assembly, solely for purposes of information, summarization and explanation and do not represent the intent of the General Assembly or either chamber thereof for any purpose.

In general, fiscal impacts are based upon a variety of informational sources, including the analyst’s professional knowledge.

Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.

OFA Fiscal Note State Impact:

None Municipal Impact:

None Explanation There is no fiscal impact resulting from the bill, which permits the board of selectmen in certain municipalities with a town meeting form of government to enter into fixed assessment agreements with private businesses.

Municipalities currently have the authority to enter into fixed assessment agreements.

Whilethebillmay facilitate theimplementation of certain agreements, it is not anticipated to change the number of such agreements municipalities enter into.

The Out Years State Impact:

None Municipal Impact:

None SB697 / File No.

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61 OLR Bill Analysis SB 697 AN ACT CONCERNING CERTAIN MUNICIPAL AGREEMENTS TO FIX ASSESSMENTS.

SUMMARY In towns where the legislative body is a town meeting, this bill authorizes the board of selectmen, if they have been authorized by ordinance, to enter into certain agreements to fix assessments on real property or air space.

Under current law, only a municipality’s legislative body may enter into these agreements.

The bill applies to a law that allows municipalities to fix assessments for up to 10 years on real property or air space undergoing improvementsfor variouspurposes,including office, manufacturing, or retail uses;

multifamily housing;

or transportation or parking facilities.

EFFECTIVE DATE:

October 1, 2021 COMMITTEE ACTION Planning and Development Committee Joint Favorable Yea 18 Nay 8 (03/02/2021) SB697 / File No.

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