[HISTORY: Adopted by the City Council of the City of Westbrook 10-22-2018 by Ord. No. 2018-162 (Ch. 39 of the 2007 Code). Amendments noted where applicable.]
The City of Westbrook hereby establishes certain development
assessment districts as outlined in the articles contained within
this chapter pursuant to 30-A M.R.S.A. § 5228.
[1]
Editor's Note: The first amendment to the district and development
program was adopted 11-23-2020 by Ord. No. 2020-132. The complete
text of that order is available in the City offices.
A development assessment pursuant to 30-A M.R.S.A. § 5228
is hereby established upon property within the Waterstone Omnibus
Tax Increment Financing District No. 15 (the "District") as shown
on Exhibits A to C attached hereto,[1] relating to the costs of improvements that benefit the
property in the District. Such development assessment is established
through the adoption of this City of Westbrook Development Assessment
Ordinance (this "Ordinance").
[1]
Editor's Note: Exhibits A to C are included as attachments to this chapter.
The attached rate and method of apportionment of the development
assessments (the "RMA"), identified as and incorporated herein as
Exhibit A hereto, establishes the apportionment of the value of improvements
to properties within the District and assessments pursuant to 30-A
M.R.S.A. § 5228. The RMA also includes a table of applicable
parcels and annual installments of the levy.
The development assessment shall be collected in the same manner
as municipal taxes, to the extent collection is required pursuant
to the RMA. The municipal Tax Collector shall have all the authority
and powers by law to collect the development assessment. If a property
owner within the District fails to pay any development assessment
or part thereof by the dates required, the City has all the authority
and powers to collect the delinquent development assessment vested
in the City by law to collect delinquent municipal taxes.
Pursuant to 30-A M.R.S.A. §§ 5227 and 5228, all
revenues from the collection of the development assessments established
by the adoption of this chapter shall be paid into the development
fund program account created and established under the City's Waterstone
Omnibus Tax Increment Financing District Development Program No. 15
and pursuant to a credit enhancement agreement to be entered into
between the City and the developer.
The Mayor, the City Administrator, the Treasurer, the Director
of Finance, the Assessor, and any other officers and employees of
the City are hereby authorized to execute and deliver, for and on
behalf of the City, any additional agreements, certificates and other
documentation and to do any and all things necessary or appropriate
in order to consummate and otherwise implement the transactions contemplated
by this chapter and the bonds, subject to the limitations set forth
in this chapter, so long as no municipal expenditure is required thereby.
