Comments submitted to the Vermont Economic Progress Council (VEPC) regarding Tax Increment Financing Districts must be limited to the issues for which VEPC must make determinations. Generally, VEPC is charged to determine if an application meets the criteria set out in 32 VSA Section 5404a(h) which, if approved, will allow a municipality to retain incremental education property taxes for a period of 20 years to service debt incurred by a municipality to build, repair or improve public infrastructure which will serve the development or redevelopment within a TIF District created by the municipality. Specifically, the Council must review:

• Whether the new real property development would not occur or would occur in a materially different manner, but for the utilization of the incremental education property taxes;
• Whether the municipality has met all required process requirements such as public hearings and the creation of a TIF District plan;
• Whether the District or the development will occur in a particular location;
• Whether the development will accomplish certain public good outcomes;
• Whether the infrastructure will serve the District and what proportion to total cost is due to the TIF District. 

Please limit comments to these issues.  Other issues, such as zoning regulations, permitting, and the creation o fthe TIF District should be directed to the entities responsible for those decisions.

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