Notice is hereby given that the Board of Selectmen of the Town of Searsmont will hold a public hearing on April 2, 2016, at 10:30 a.m. at the Searsmont Community Building, 37 Main Street South, Searsmont, Maine. The purpose of this hearing is to receive public comment on the proposed Georges River Energy 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 proposed 30-year TIF District will be the location of a biomass electric generation facility. The Company is requesting a credit enhancement agreement for the project, which would reimburse a portion of the new taxes for this project for the duration of the TIF District.
A copy of the proposed Development Program for the District will be on file at the Searsmont Town Office as of the date of publication of this notice and may be reviewed during normal business hours.
All interested parties are invited to attend the public hearing and will be given an opportunity to be heard at that time.
Kathy Hoey
Town Clerk
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