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The commission voted to ask the Town Council to hire Storrs Associates for a $15,000 analysis and proposal for tax increment financing services for West Main Street. The commission will cover the cost initially and seek supplemental funds from the Town Council.
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The proposal would examine a tax increment financing approach for West Main Street, but no financing plan was approved at this meeting. The request is expected to go to the Town Council in June. The commission also plans to review a tax incentive policy recommendation at its May meeting before presenting it to the Town Council.
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