LIVERMORE FALLS — A vote on a tax-increment financing application involving Central Maine Power’s 14 million substation upgrade has been rescheduled to 6:30 p.m. Feb. 20 at the Town Office. It had been set for Feb. 10. Consultants from Community Dynamics Corp. in Auburn wanted to send the application to the Maine Department of Community […]
tax increment financing
Posted inFranklin, The Franklin Journal
Livermore Falls residents discuss TIF at hearing
LIVERMORE FALLS — More than 20 residents attended a public hearing on a tax-increment financing application Tuesday connected to a $14 million upgrade at Central Maine Power’s substation on Moose Hill Road. A TIF opens a lot of doors for small and larger businesses and could encourage those business owners to invest more money into […]
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Posted inFranklin, The Franklin Journal
About $242,000 in TIF funds slated to improve economic development in Franklin County
FARMINGTON — Franklin County commissioners have awarded about $242,000 in tax-increment financing revenue to enhance economic development since March 2012 in the unorganized territories. The money has been used on projects that including improving trails, turnouts and signage, and increasing education skills. In 2008, it was estimated the county would retain $4 million over 20 […]
Posted inFranklin, The Franklin Journal
Livermore Falls selectmen to hold hearing on TIF application
LIVERMORE FALLS — Selectmen will hold a public hearing on Tuesday, Jan. 21, on a tax-increment financing application to capture some of the new value of Central Maine Power’s substation upgrade. The hearing will be held at 6:30 p.m. at the Town Office. A TIF is an economic development tool used by municipalities to capture […]
Posted inFranklin
Information meeting set on Livermore Falls TIF application
LIVERMORE FALLS — An informational meeting on a proposed tax-increment financing application will be held Monday, Jan. 13. The meeting will begin at 6:30 p.m. at the Town Office. The TIF agreement would have the town capturing 90 percent of the new valuation of a $17 million CMP substation upgrade over 30 years The Central […]
Posted inFranklin, The Franklin Journal
TIF workshop scheduled for Livermore Falls
LIVERMORE FALLS — Selectmen will meet with John Cleveland of Community Dynamics Corp. in December for a workshop on tax-increment financing options for the town related to economic development. The town has a contract with the Auburn firm to develop a TIF application to benefit the town. Cleveland and an associate are gathering information on […]
Posted inFranklin, The Franklin Journal
Selectmen update on meeting with firm
LIVERMORE FALLS — Selectmen received an update Monday on a meeting with consultant firm representatives who are going to help the town develop a tax-increment financing proposal. Town Manager Kristal Flagg said she met with representatives of Community Dynamics Corp. of Auburn, which is owned by John Cleveland. They discussed thoughts and ideas on where […]
Posted inFranklin, The Franklin Journal
Auburn company gets nod as consultant
LIVERMORE FALLS — Selectmen voted Monday to go with Community Dynamics Corp. to help develop options and an application for tax-increment financing proposals. The cost would not exceed $10,900. Owner John Cleveland, a state senator from Auburn, has experience with tax-increment financing programs and knows all of the laws, Town Manager Kristal Flagg said. Cleveland’s […]
Posted inLewiston-Auburn
Councilors confident about Pierce Street housing project
LEWISTON — Councilors said they hoped a public housing project proposed for downtown lots where apartment buildings burned on May 3 would make the area better. Volunteers of America Northern New England would bring meals, counseling and financial education to public spaces at their proposed Pierce Place development, Vice President of Business Development Julia Wilcock […]
Posted inFranklin, The Franklin Journal
Town meeting set for reconsideration of failed articles, new articles
LIVERMORE FALLS — Selectmen agreed Monday to hold a special town meeting to have voters reconsider some articles that were rejected in June. The meeting is set for 6 p.m. Monday, July 22, at the Town Office. The Town Office can hold about 125 people, Town Manager Kristal Flagg said. Voters approved an article at […]