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CNHRPC presenters explain TIF districts and proposed Gateway District ordinance to Hillsborough EDC
Summary
At its Sept. 19 meeting, the Hillsborough Economic Development Commission heard a presentation from Mike Tardiff and Matt Monahan (CNHRPC) on how tax increment financing (TIF) districts could work with a proposed Gateway District ordinance; there was no formal vote on the proposal.
At its Sept. 19 meeting in Hillsborough, the Economic Development Commission heard a presentation from guest presenters Mike Tardiff and Matt Monahan (CNHRPC) explaining tax increment financing (TIF) districts and how a proposed Gateway District ordinance could work together. Chair Rich Pelletier called the meeting to order at 6:00 p.m.
Tardiff and Monahan described the mechanics and interplay between TIF financing and the Gateway District ordinance as part of the commission’s agenda. The transcript records the presentation but does not include verbal quotations or a detailed breakdown of proposed ordinance language, financial estimates, project boundaries, or implementation timelines.
No formal motions or votes on the ordinance or on establishing a TIF district are recorded in the minutes excerpt. After the presentation, Susanne White of the Planning Board made a motion to adjourn the meeting; Town Administrator Laura Buono seconded the motion, and the meeting adjourned at 7:20 p.m. The meeting minutes note the 9/19/2024 minutes were approved on Oct. 16, 2024.
The transcript identifies Matt Monahan’s affiliation as CNHRPC; the transcript does not provide further detail about CNHRPC’s role beyond the presenters listed as guests. The presentation was informational in nature and the record shows no committee vote, referral, or staff direction tied to the proposal within the provided excerpt.
