Tax Increment Financing Advisory Committee

Meetings

Meeting dates and locations are as posted.

Members

Terms are determined by appointment to corresponding board.

  • Steve Schoonveld, Select Board representative
  • Donald Cleary, Planning Board representative
  • Matthew Cummings, Industrial Development Commission representative
  • Nancy Hinote, Assessors’ representative (non-voting member)
  • Darlene Pruitt, Zoning Board representative
  • Walter Wilk, Finance Committee representative

About

The Tax Increment Financing (TIF) Advisory Committee negotiate TIF proposals from qualified companies and makes recommendations to the Select Board and Town Meeting.

Interested companies should contact the Town Manger’s office.

Current TIFs

Medline

Ten year TIF. Construct a new 325,000 square foot warehouse and distribution center. Tax savings over the period of the agreement estimated to be $908,000.

Tyco/Flow Valve

Eighteen year TIF. Relocate business, purchase and renovate a xxx square foot building. Tax savings over the period of the agreement estimated to be $518,000.

Future Foam

Ten year TIF. Projected $2.5 million facility renovations and addition.

Smith & Nephew

Thirteen year TIF. Projected $3 million investment, building and equipment.

Rolf C. Hagen

305 Forbes Boulevard, 10 Year 100% Personal Property Exemption