Notice of Public Hearing - TIF

The Freeport Town Council hereby provides notice that it will hold a public hearing at 6:30 p.m. on Tuesday, April 28, 2020, by remote participation, for purposes of receiving public comments on the designation of the proposed new Concord Gully Brook Development District and Municipal Tax Increment Financing District #6, and the adoption of a Development Program for said new District pursuant to the provisions of Chapter 206 of Title 30-A of the Maine Revised Statutes, as amended. 

The proposed new District comprises five parcels totaling 88 acres located at 15 Casco Street (Lots 13-ETC, 19, and 20 on Tax Map #8 and Lots 98-ETC and 101 on Tax Map #20).  The proposed new District and Development Program will enable the Town to capture tax revenues generated by investments made within the District related to certain commercial development activities.  The Town proposes to allocate certain revenues generated from this development within the District to municipal projects such as storm water improvements; environmental improvements, creation of recreational trails and bicycle paths, and establishment of an economic development loan program, and to authorize a Credit Enhancement Agreement with L.L.Bean, Inc., as may be approved and permitted pursuant to Section 5225 of Title 30-A of the Maine Revised Statutes, as amended.

 

A copy of the proposed Development Program for the new District is on file with the Town Clerk.  A copy can be obtained on the Town's website at www.freeportmaine.com or by contacting Town Clerk Christine Wolfe at 865-4743 x.123 during normal business hours or at cwolfe@freeportmaine.com.  Interested residents may submit comments by mail to: Town Clerk, 30 Main Street, Freeport Maine, 04032, by email to: cwolfe@freeportmaine.com, or may participate remotely in the Public Hearing.  Details for remote participation will be posted along with the Meeting Agenda on the Town's website not later than April 23, 2020.

Click below for:

TIF Credit Enhancement Agreement Application

FEDC Findings of Fact

Power Point Presentation - LL Bean