WILTON — The Board of Selectmen on Tuesday will consider creating a Tax Increment Financing District for the Western Maine Development site at 128 Weld Road.

A firetruck informational meeting is scheduled for 6 p.m. Tuesday, July 15, in the cafeteria at Academy Hill School. It will be followed by the regular selectmen meeting at 7 p.m., also at the school, Town Manager Rhonda Irish said.

The idea of a TIF district and Credit Enhancement Agreement for the site is in the beginning stages, therefore it’s coming before the board, she said.

The former Bass Shoe site owned by Western Maine Development Group LLC, would become a district, she said. The Credit Enhancement Agreement would allow current tenant, Barclays, to expand and make improvements to the facility, she added.

Under the agreement, taxes owed to the town for a negotiated period of time would be returned to the owner. Improvements made by the tenant would be negotiated between the owner and tenant, she said. Negotiations have yet to begin, she said.

The board will also consider hiring consultants and legal counsel to work on the TIF district and agreement idea.

In other business, the board will open and consider awarding bids for the tax-acquired property at 509 Depot St.

Irish also expects to update the board about the Wilton Tannery, the Forster Mill and the Duane Pollis property.

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