Ocean Choice International announced Wednesday it has reached a settlement on all outstanding municipal taxes, owed to The Town of Marystown, up to and including 2011.
Martin Sullivan, CEO of OCI, called the deal a positive step in relations between the town and the company.
“While both parties have mutually agreed to the settlement of taxes up to and including 2011 we look forward to negotiating a more fair and reasonable tax structure for 2012 and beyond with the Town of Marystown as we have with other municipalities,” said Sullivan
“OCI, the FFAW and the Provincial Government have been engaged in discussions concerning the Marystown facility and it is imperative that all stakeholders work together to resolve the challenges and to secure a future for our flatfish business in Marystown.”
The release by OCI did not say how much the settlement is worth.
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