LIVERMORE FALLS — Selectmen will hold a special meeting Wednesday to discuss the next steps for the municipal tax-increment financing district. It is set for 5:30 p.m. at the Town Office. The board will meet with either consultant John Cleveland or Nate Libby from the Community Dynamics Corp. in Auburn. The discussion will be on […]
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Posted inFranklin
Commissioner approves Livermore Falls municipal TIF application
LIVERMORE FALLS — The commissioner of the Maine Department of Economic and Community Development has approved the town’s application to create a municipal tax-increment financing district, Town Manager Kristal Flagg said. The application was approved because it met the statutory requirements needed of an application after local legislative body approval, Laura “Smitty” Santini-Smith, director of […]
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Posted inFranklin, The Franklin Journal
Livermore Falls voters approve creation of TIF district
LIVERMORE FALLS — Residents voted Thursday to approve a development municipal tax-increment financing district and authorized selectmen to submit a TIF application to the state. Voters also agreed to eliminate an existing TIF connected to the former Otis Mill that closed in 2009. More than 30 voters turned out for the special town meeting at […]
Posted inFranklin, The Franklin Journal
Livermore Falls voters to consider creating TIF district
LIVERMORE FALLS — Voters will be asked Thursday to approve an application for a tax-increment financing district to submit to the state to capture 90 percent of an estimated $14 million upgrade at CMP’s substation. The special town meeting vote will be held 6:30 p.m. at the Town Office. The goal is to improve economic […]
Posted inFranklin, The Franklin Journal
Workshop scheduled on TIF funding process in Eustis
EUSTIS — A public informational workshop is scheduled to discuss the process and guidelines to apply for a grant or employment skills training under Franklin County’s unorganized territory TIF program. The meeting will be held from 6 to 8 p.m. Thursday, Feb. 13, at the Eustis Community Center. The tax increment financing district was established […]
Posted inFranklin, The Franklin Journal
Vote on TIF application postponed in Livermore Falls
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 […]
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 […]
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 […]