City of West Haven, CT
New Haven County
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[Adopted 4-13-1970 by Ord. No. 111]
In accordance with Section 8-133b of the Connecticut General Statutes and Section 110(e) of the Housing Act of 1949, as amended, the West Haven Redevelopment Agency may and it is hereby authorized to use tax credits instead of actual payments in lieu of taxes in an amount equal to the ad valorem taxes which would have been levied upon such property if it had been subject to ad valorem taxes, such amounts to be prorated for the period during which such property is owned by the West Haven Redevelopment Agency as part of a project, such amounts to be considered a cash local grant-in-aid in accordance with said Housing Act of 1949, as amended.