RUMFORD — Selectmen will convene a special board meeting at 4 p.m. Thursday, June 23, to discuss potential tax-increment financing districts.
It will be held in Rumford Falls Auditorium.
A TIF is a locally-controlled economic development financing program that is funded by property taxes on the development project.
In April, the board unanimously voted to establish three TIF districts and hire a consultant to complete the necessary work to stimulate economic growth.
Areas designated as such districts then are the Business Park off Route 108; the “Gateway” area on Waldo, Cumberland and Falmouth streets that fronts Route 2 opposite Hannaford; and the Route 2 corridor in East Rumford.
In other news, the town office will close at noon Thursday, June 30, enabling employees to finish fiscal year-end business.
To that end, selectmen will also convene a special board meeting at 4 p.m. that day in the auditorium.
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