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C.  All additions to stabilized or non-stabilized buildings for which stabilization applications are received, shall be handled as new construction with only the addition considered.

D.  Owners of properly zoned existing buildings may seek stabilization of the increase in assessment of the building(s) resulting from repairs, renovations, or remodeling.

E.  In addition, the Selectmen must find that the project proposal shall receive a minimum score of 35 points based upon an evaluation by the Board of Selectmen in accordance with the following scoring system:

1.  Size:

3,000 ft.² minimum                                                        -            10 points

For each full 3,000 ft.² additional add              -           1 point (max. 16

   points total)

2.  Cost:

For new construction (building or addition)

$250,000 minimum construction cost                  -           5 points

(excluding land/utilities/site)

For each full $100,000 additional add              -           1 point

For renovations

$100,000 minimum cost                                     -            3 points

(excluding utility and site work)

For each full $100,000 additional add              -            1 point

3.  Machinery and Equipment:

Minimum cost new - $400,000                                 -           8 points

For each full $100,000 additional add              -           1 point

4.  Jobs:

For each new job created                                           -           3 points

(including retained jobs only if

applicant certifies that

jobs would be lost immediately

if project is not completed).

For each job created which SIC average    

wage classification exceeds 110% of

average Washington County

manufacturing wage add                                  -           2 points

5.  Diversification:

If industrial start would, in the

opinion of the Selectmen, diversify

the industrial employment base* OR       

new or expanded industry would create

markets for or be a significant supplier

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to existing Barre area industries OR

industry is identified as a "target industry"

in the Barre Town Economic Development

Plan add                                                             -           4 points

*Generally, the diversification test is met if the

proposed industry type currently employs less than

5% of the covered workforce in the Barre area,

Washington County, or State.

6.  Indication of Need:

If developer asserts, with the affirmative

support of CVEDC Executive Director, that the

project is dependent upon or chances

for success or leveraging of other

investment capital is substantially

advanced by stabilization add                              -           6 points

7.  Use of Rail, Recycled Products, Renewable

Energy Resources:

If the project will use, support, or

promote the use of railroads, recyclable

products, local industrial wastes or by-

products, and/or renewable energy

resources add                                                                -           4 points

8.   Community and Social Contribution:

If the company has a history of (or

pledges to) being an active participant

in local and civic endeavors, has

employer-supported day care or

employee job sharing, flex-time, public

transportation, participates in

vocational center job training, placement

or internship programs or offers

similar civic and progressive programs

and leadership which, in the opinion of

the Selectmen, advances the vitality,

diversity and amenities of life in

Barre Town add                                                 -            1-7 points

9.  Impacts - Municipal:

If the project will, over the long run,

demand unusual, excessive, or

unreasonable burdens on Town services

for police, fire, water, sewer, traffic,

or roadways, and no plan for compensation

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or mitigation is made between the

developer and Town deduct                           -            <6 points>

10.  Impacts - Environmental:

If the project will cause degradation

to the physical and natural environment

of the Town through discharges to the

air, water, or groundwater, or by

emission of noise, dust, vibration,

radio interferences, threat of chemical

or biological releases deduct                                    -            <2-8 points>

                     

11. Exclusionary Criteria:

If the project is offensive to the public

values or is contrary to the ordinances

and by-laws of the Town of Barre, is

incompatible with the Town Plan, or would

create an unreasonable nuisance or

disturbance to neighboring landowners, no

tax stabilization shall be granted.

Tax stabilization shall not be offered

to commercial establishments which have

as their primary purpose:  retail trade,

automotive or equipment sales or repairs, boat

yards, landfills, animal experimentation

or vivisection, retail sale of prepared

foods, nuclear generating facilities,

movie theaters, and rendering plants,

or identified as to be avoided in the

Economic Development Plan.  Under normal

circumstances retail trade will be

excluded unless there is a clear public

benefit and a valid indication of need.

IV.            CONTRACT TERMS

A.  Contract term options are negotiable and shall be awarded at the discretion of the Selectmen.  The following Options A and B, below, are included for illustrative purposes only.

Option A  - 7 year, 30% value discount -

Each year, starting with April 1 following construction or renovation completion the eligible assessed value of the property shall be discounted by 30% prior to application of the  municipal tax rate.

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Example - Full value = $400,000   Municipal tax rate = $2/$100

$400,000 x 1 x .02  =  $8,000 (non-stabilized tax)

$400,000 x .7 x .02 =   5,600 (stabilized tax)

                        $2,400 annual savings

Total tax break:  $16,800 over 7 years.

Option B - 5 year, declining discount

Year 1            -            70% discount

Year 2            -            50% discount

Year 3            -            35% discount

Year 4            -            25% discount

Year 5            -            25% discount

Example - Full value = $400,000    Municipal tax rate = $2/$100

$400,000 x (1) x .02 = $ 8,000/year

Year 1  -  $400,000 x (.3) x .02            =  $ 2,400 tax

Year 2  -  $400,000 x (.5) x .02            =    4,000 tax

Year 3  -  $400,000 x (.65) x .02            =    5,200 tax

Year 4  -  $400,000 x (.75) x .02             =    6,000 tax

Year 5  -  $400,000 x (.75) x .02             =    6,000 tax                                             

    $23,600 tax

Total tax break:  $16,400 over 5 years.

B.  A rollback clause shall be included in the contract providing for repayment of the full taxes that would have been due in the immediate tax year absent a stabilization contract plus a 15% penalty on that tax amount.  This clause shall become effective in the event of the closing of the business or bankruptcy.  In the event that this clause shall become operative, the real property may not be sold, and the personal property may not be sold or removed from the premises until all tax obligations have been paid.

C.  In the event of multiple ownership of a business, representatives of the parent companies and the subordinate organizations must be signatories to the contract.

D.  The first year of the stabilization contract shall officially begin on the April 1st which follows the official date of completion of construction or renovation.

E.  In cases of protracted construction or renovation, normal taxation procedures shall apply during the construction period.

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V.            APPLICATION PROCESS

A.  Applications for stabilization may be made in writing to the Chairman of the Board of Selectmen, c/o Town Manager's Office.  The application should be clearly marked "Stabilization Application".

B.  Besides a cover letter, applications should include:

1.  Basic information on nature and location of site as well as construction,                including -

(a)  Site plan showing building(s).

(b)  Scale drawing of construction showing square foot area, height

and number of stories, and rough idea of planned usage of space.

(c)  Estimated construction or renovation costs.

(d)  In cases where maps and plans are not readily reproducible, three

(3) copies of large maps are requested.

2.  Employment data, immediate and projected.

3.  Basic data to establish need for stabilization.

4.  After preliminary review, more data can be required to make a

determination under Article III.

VI.            ADMINISTRATION OF APPLICATIONS

A.  All applications shall be received at the Town Manager’s Office

B.   The Town Manager shall review the application as to completeness, eligibility, and analysis of impact.  A copy shall be forwarded to the Assessor for review as to impact on the Grand List.

C.  The Town Manager shall inform the Selectboard in writing whether basic eligibility criteria have been met.  At this point, the Town Manager will make any desired recommendations on the application for stabilization and transmit all information to the Selectboard, with a copy to the applicant.

D.  Upon delivering the report to the Selectboard, the Manager shall schedule the application for a Selectboard meeting.

E.  Applicants shall be notified in writing of all meetings, and it shall be to their advantage to be represented.  Applicants may refute, rebut, or support any finding or recommendation of the Town Manager.

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F.  Upon approval by the Selectboard, the Chairperson shall direct a stabilization contract to be drafted, in duplicate, to be signed by the Selectboard and the applicant.

Approved this 5th day of August, 1997.

BARRE TOWN SELECTBOARD

/s/            Douglas Farnham

Ronald Tallman

Brian Bailey

Charles Fantoni

Jack Mitchell

ATTEST:

/s/  Ruth A. Finn, Town Clerk-Treasurer

_________________________________

Adopted by the Barre Town Board

of Selectmen the 6th day of March, 1990.

Amended April 23, 1991 and August 5, 1997.