"HOW TO SPEND MILLIONS IN TIF REVENUE" Informational Meeting - TELEVISED

ATTENTION HOLLIS TAXPAYERS

The Hollis Select Board and New Municipal Complex Committee Invite You to This Important Q&A.

TUESDAY, DECEMBER 11, 2018

7 PM – HOLLIS COMMUNITY CENTER

FEATURING – SHANA COOK MUELLER, ATTORNEY, BERNSTEIN & SHUR

GUEST – ROBERT M. FRANK III, PRINCIPAL, WBRC ARCHITECTS & ENGINEERS

"HOW TO SPEND MILLIONS IN TIF REVENUE"

These questions will be discussed during this meeting:

    1. Can TIF revenues be used for the following?

To acquire land for economic development?

To lease and/or subdivide and sell parcels of acquired land for economic development?

All infrastructure such as roads, a common waste management facility, common water source under pressure and a communications/utility backbone for acquired land?

All study, design, architecture and engineering services in support of economic development of acquired land?

Economic development consulting services?

To build ATV/snowmobile trails?

   2. Should a new TIF district be created for the new municipal complex, or could this complex be included in the current TIF district, even though it is not contiguous to that district? What are the advantages to either if any?

   3. Is there any data on the impact on local taxes when a TIF expires?

ALL OTHER QUESTIONS CAN BE SUBMITTED PRIOR TO THE MEETING BY RESIDENTS TO THE HOLLIS SELECT BOARD: ADMINSECRETARY@HOLLISMAINE.ORG OR DROP OFF AT TOWN HALL.