HomeMy WebLinkAboutTIF-CLARKE STREET-SWEETHEART PLASTICS-ARTICLE 11 DECEMBER 11 2000 STM OF NORTH qti
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TOWN OF NORTH ANDOVER
OFFICE OF THE TOWN CLERK
120 MAIN STREET
NORTH ANDOVER, MASSACHUSETTS 01845
Joyce A.Bradshaw,CMMC Telephone(978)688-9501
Town Clerk Fax (978)688-9556
E-mail Bradshaw(dtownofnorthandover.com
This is to certify that the following vote was taken at the Dissolved Special
Town Meeting for the Town of North Andover held December 11, 2000:
Article 11: Tax Increment Financing Plan— Clark Street - Map 78 Parcel 2.
To see if the Town will vote to approve the Tax Increment Financing Plan for the Borden
Site at Assessors Map 78 Parcel 2 on Clark Street (Hereafter known as the TIF Plan) and
authorize the Board of Selectmen to reach an Agreement with the owner of the property,
for a parcel of land and buildings thereon. The property shall be designated as a Tax
Increment Financing Zone, which, as defined in the TIF Plan, presents exceptional
opportunities for increased economic development. As outlined in the TIF Plan, the
Town shall provide for an exemption of property taxes or a percentage thereof based on
the incremental increase in property value in assessed valuation of the property for a
period of not more than 20 years in accordance with the requirements of Massachusetts
General Laws Chapter 23A, Section E; Chapter 40, Section 49; and Chapter 59, Section 5
and pursuant to 751 CMR 1.04 (1) (b) and 402 CMR 2.18. In return for such tax benefits,
in accordance with the TIF Plan, the owner of the property shall ensure at the above
property the location and expansion of manufacturing, research and development or other
like uses which increase job creation, provide higher property values, and retain and/or
expand industry in the Town and the Commonwealth. A copy of the TIF Plan is on file
with the Town Clerk; or take any other action relative thereto.
Board of Selectmen
Voted by a clear majority declared by the Moderator to adopt the article as printed
in the warrant.
9:43 p.m.