Pursuant to the provisions of MGL c. 59, § 59A, it is the intent of the Town to offer and to grant real estate 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.
[HISTORY: Adopted by the Town Meeting of the Town of Merrimac as indicated in article histories. Amendments noted where applicable.]
[Adopted as Art. IV, Sec. 4.7, of the 2016 General Bylaws]
Properties which may be eligible for real estate tax abatement agreements pursuant to this bylaw must:
The Financial Director is hereby authorized to negotiate agreements for the abatement of outstanding interest, penalties and payment of real estate taxes (hereinafter "abatement agreements") with owners of eligible properties, the terms of which abatement agreements shall be subject to approval by the Select Board.
A.
Abatement agreements may allow for reductions in outstanding real estate taxes, interest and/or penalties.
B.
Abatement agreements shall include, but not be limited to:
(1)
The amount of outstanding real estate taxes;
(2)
The percent of interest to accrue if determined applicable by the Financial Director and the owner of eligible property(ies);
(3)
The description of quantifiable monthly payments;
(4)
The date of the final payment;
(5)
The late penalties to be imposed; and
(6)
Any and all other contractual terms as arranged between the Financial Director and the owner of eligible property(ies).
All abatement agreements shall be signed by the Chairman of the Select Board and the owner of eligible property(ies), whose signatures shall be notarized, and attested by the Town Clerk.
[Amended 4-25-2011 ATM]
Copies of all abatement agreements shall be provided to the Commonwealth of Massachusetts Department of Environmental Protection, the United States Environmental Protection Agency, the Commonwealth of Massachusetts Commissioner of Revenue, the Select Board, and the owner of eligible property(ies).