The Gray Town Council hereby provides notice that it will hold a public hearing at 7:00 p.m. on Tuesday, February 6, 2018, in the Council Chambers at Town Hall, at the Henry Pennell Municipal Complex located at 24 Main Street, Gray, Maine, for purposes of receiving public comments on the designation of the proposed new Village Area Improvement Municipal Development Tax Increment Financing District and the adoption of a Development Program for said new District pursuant to the provisions of Chapter 206 of Title 30-A of the Maine Revised Statutes, as amended.
The proposed new District may consist of all or a portion of the properties located within the Village Center Proper zoning district and additional properties located within the Village Center and Business Development-1 zoning districts. The proposed new District and Development Program will enable the Town to capture tax revenues generated by investments made within the District related to certain commercial development activities. The Town proposes to allocate certain revenues generated from this development within the District to municipal projects including road improvements, municipal infrastructure, and public safety as may be approved and permitted pursuant to Section 5225 of Title 30-A of the Maine Revised Statutes.
A copy of the proposed Development Program for the new District is on file with the Town Clerk and may be reviewed during normal business hours.
All interested residents are invited to attend the hearing and to be heard at that time.
Deborah S. Cabana