Penobscot County Commission authorizes application to form Hammond Ridge TIF district
The Penobscot County Commission voted to authorize filing a Tax Increment Financing (TIF) development program and application for the Hammond Ridge/Twin Pines project, allowing staff to move forward with an application that could capture about $2.5 million of new assessed value and permit a future credit enhancement agreement.
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The Penobscot County Commission on March 4 authorized staff to file an application to create a Tax Increment Financing district for the Hammond Ridge/Twin Pines development in the county—s unorganized territory.
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