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Economic Development Analysis Team
A final report was submitted by EDAT in May of 2010.
ARTICLE 22:~ FISCAL IMPACT ANALYSIS TEAM - AYER ROAD COMMERCIAL DISTRICT
To see if the Town will vote to direct the Board of Selectmen to appoint~an Economic Development Analysis Team (EDAT) no later than June 30, 2009, to prepare~a commercial and industrial (C&I)~development strategy for the Town.~ The EDAT will analyze the town’s opportunities to reduce its reliance on residential property tax revenue and increase its commercial property tax revenue by encouraging managed and desirable development of~C&I (including retail)~property. The EDAT will report progress to the Board of Selectmen on a quarterly basis, and issue a final report to the town no later than the Annual Town Meeting of 2010. Such report will include, but not necessarily be limited to:
- identification and cost/benefit analysis of C&I development opportunities that meet community-driven service needs and/or maximize revenue potential;
- current obstacles to desired C&I development and recommended solutions, e.g.;
- infrastructure and/or other potential investment requirements;
- necessary changes to zoning ordinances; mitigation measures, if~necessary, to~protect~nearby residential areas, and
- recommended changes to taxation structure; and
- proposed implementation plan defining tasks and drivers, projected schedule, and estimated costs.
(Submitted by Board of Selectmen on behalf of the Fiscal Impact Analysis Team and with the support of the Planning Board and Finance Committee.)
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