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The Montpelier City Council hereby provides notice of a public hearing being held pursuant to VEPC Rule 1003.1 (Public Hearings) and 24 V.S.A. § 1904 (b)(1) (Municipal tax increment financing district) for the purpose of hearing public comments concerning the proposed application for the creation of a Tax Increment Financing District (TIF).
The public hearing has been scheduled for:
DATE: May 23, 2018
TIME: 7:00 p.m.
PLACE: City Council Chambers, Montpelier City Hall, Montpelier, VT.
Statement of Purpose:
The purpose for the purpose of hearing public comments concerning the proposed application for the creation of a Tax Increment Financing District (TIF). Tax Increment Financing is a tool that municipalities use to finance improvements for public infrastructure such as streets, sidewalks and storm water management systems.
Following the hearing, the public has until June 3, 2018 (ten days) to submit written comments to City Council.
Location where the draft Tax Increment Financing plan may be examined: http://www.montpelier-vt.org/978/TIF-Montpelier
Location where video from TIF public information session held at April 25, 2018 Council Meeting can be viewed: http://montpelier-vt.granicus.com/MediaPlayer.php?view_id=2&clip_id=1843