Page "editorial" Paragraph 602
from
Brown Corpus
What we are attempting to do is achieve and maintain a balance between medium density and low density residential areas and industrial and commercial development.
It is in fact entirely consistent with your suggestion of modest industrial development to help pay governmental costs.
The wisdom of granting such tax exemptions is another matter, but this particular instance is, in my opinion, completely satisfactory.
The 1960 tax book for East Greenwich indicates a valuation for this property in excess of two million dollars.
With our current $3 per hundred tax rate, it is safe to assume that this will qualify when you suggest a community should `` try to develop a modest industrial plant '' as the best way to meet these problems.
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