Public Hearing - Town of Bowdoinham’s Natural Gas Pipeline Municipal Tax Increment Financing District and Development Program

The Community Development Advisory Committee of the Town of Bowdoinham will hold a public hearing on Tuesday, June 4, 2019 at 6:30 p.m. at the Coombs Municipal Building at 13 School Street for the purpose of receiving public comments on the proposed amendment of the “Town of Bowdoinham’s Natural Gas Pipeline Municipal Tax Increment Financing District and Development Program” pursuant to the provisions of Chapter 206 of Title 30-A of the Maine Revised Statutes, as amended.  The Natural Gas Pipeline Municipal Tax Increment Financing District (“the District”) consists of a 3.1 mile 175-foot wide strip of land equivalent to 66.3 acres.  The development program for the District proposes to continue providing financial support to a number of Town wide economic development projects and programs for an additional ten years. The percentage of new taxes to be captured by the Town if the proposed 30-year program is approved is 100%.