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Select Board weighs Downtown TIF valuation and ChargePoint lease economics
Summary
Staff walked the board through a decade-plus increase in the Downtown TIF district valuation and presented ChargePoint lease options; members discussed whether slow chargers and current lease rates (about $0.70–$0.84 per kWh under current contract scenarios) would meet revenue targets and whether faster chargers or alternative vendors should be pursued.
Town staff briefed the Select Board on the Downtown TIF district’s valuation growth and the economics of a proposed ChargePoint charger lease, highlighting trade-offs between lease length, per-kilowatt-hour rates and charger speed.
Staff said the downtown district’s total assessed value rose from about $12 million in 2006 to roughly $32…
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