Current through Register 1536, December 6, 2024
Section 2.07 - Local Approval and Implementation of MWT-TIF Plans(1) A municipality, acting on its own behalf or in conjunction with one or more cities or towns, may adopt a MWT-TIF Plan by vote of its town meeting, town council, or city council, with the approval of the mayor where required by law, or as otherwise required by local law.(2) A municipality may proceed with the implementation of its MWT-TIF Plan only after:(a) each city and town proposing the MWT-TIF Plan formally adopts the MWT-TIF Plan; and(b) the MWT-TIF Plan is approved by the EACC.(3) The board, agency, or officer of the municipality authorized to execute MWT-TIF Agreements shall forward to the board of assessors a copy of each MWT-TIF Agreement, together with a list of the parcels.(4) An executed and approved MWT-TIF shall be recorded in the registry of deeds or the registry district of the land court for the county wherein such land lies.