[Adopted as Article III, Sec. 12, of the
1973 General Bylaws, as updated through 2002]
It is the intent of the Town to offer tax abatements
to encourage the continued environmental cleanup and redevelopment
of sites zoned for industrial and commercial use from or at which
there has been a release of oil or hazardous material.
Property which may be the subject of tax abatement
agreements pursuant to this bylaw must:
A. Be a site or portion of a site from or at which there
has been a release of oil or hazardous material;
B. Be owned by an eligible person, as that term is defined
in MGL c. 21E, § 2;
C. Be zoned for commercial or industrial use.