The Select Board have placed a revised "Tax Increment Finance (TIF) Development Agreement" on the June 12, 2018 Ballot. The "Development Agreement" is the menu of allowable options for which the Town can use the TIF funds. Voters will not be voting on a specific project; but instead will be voting on the menu of possible uses. Any specific project in an approved plan requires additional voter approval.
The attachments below are informational material regarding the Eliot TIF District and TIF Development Agreement.
The Eliot Select Board will be holding a Tax Increment Financing Development Program Informational Meeting on Wednesday, April 18th at 7pm. The meeting will be held at the Marshwood Middle School Cafeteria.
For further information please contact Dana Lee, Town Manager.
Phone: 439-1813 ext. 107
|Understanding Tax Increment Financing (TIF) and Development Agreements||74.57 KB|
|Development Program||75.31 KB|
|TIF District Parcels Identified||86.56 KB|
|TIF District Map - Parcels||1.51 MB|
|TIF District Map - Aerial Overlay||17.74 MB|