05/15/2008
from the Kennebec Journal
KENNEBEC COUNTY Both list experience in commission race
Allen, Collins cite differences during their debate for Senate
STATE'S DEMOCRATS SHRUG OFF PALIN VISIT
Red Sox on edge of abyss
HERE'S TO HOPE
Event to offer ways to stop teens' alcohol abuse
HIGH SCHOOL FIELD HOCKEY: Ramblers barely hold on for win
SOCCER NOTES: Rams battle to the wire
All of today's:
News | Sports
from the Kennebec Journal
from the Morning Sentinel
OAKLAND Manager accepts new job
WATERVILLE Mayoral hopefuls no novices
Tea room evokes Victorian era's genteel customs
NEIGHBORS SPURN STUDY
SKOWHEGAN BLAZE CLOSES KFC/TACO BELL
SOMERSET COUNTY Manslaughter suspect appears in court
Pair of goaltenders battle for ice time
Mt. Abram makes big statement
All of today's:
News | Sports
from the Morning Sentinel
The company's $220 million effort near the Canadian border will be in the spotlight at 6 p.m. upstairs in the Franklin County Courthouse on Main Street.
The details of the tax-increment financing program will be unveiled by the county's consultant, Gregory Mitchell of Eaton Peabody Consulting Group. The public is invited to comment and suggestions could be incorporated into the draft proposal, said Commissioner Gary McGrane of Jay.
A formal public hearing is set for May 29.
The TIF proposal presented Thursday will include the percentage of the wind farm's annual $1.1 million property taxes that would be returned to the company for reinvestment into the project for the next 20 years.
The county would also allowed to keep part of the property taxes to use for economic development projects in Franklin County's unorganized territory.
The draft agreement will also lay out the proposed economic development projects for the unorganized territory that the county can undertake with TIF revenues.
Commissioner Gary T. McGrane of Jay on Tuesday declined to specify the details of the deal before the meeting because some issues are still being worked out.
"We need to capture those tax resources and we are taking into consideration the taxpayers, Franklin County and TransCanada," he said. "We want to give everyone a piece of the package."
Some town officials in earlier meetings questioned a TIF's benefit to towns outside the unorganized territory. Without the tax deal, the project would reduce county taxes. With a TIF, taxes remain about the same.




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