[HISTORY: Adopted by the Town Meeting of
the Town of Walpole as indicated in article histories. Amendments
noted where applicable.]
[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.
The Finance Director is hereby authorized to negotiate
agreements for the abatement 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.
[Amended 10-21-2019 FATM, Art. 20]
B.
Abatement Agreements may allow for reductions in outstanding
taxes, interest, and/or penalties.
C.
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 Finance Director and the property owner;
(3)
The description of quantifiable monthly payments;
(4)
The inception date of monthly payments;
(5)
The date of the final payment;
(6)
The late penalties to be imposed; and
(7)
Any and all other contractual terms as arranged between
the Finance Director and the property owner.
D.
All Abatement Agreements shall be signed by the Chair
of the Select Board and the property owner, whose signatures shall
be notarized, and attested to by Town Clerk.
[Amended 10-21-2019 FATM, Art. 20]
E.
Copies of all Abatement Agreements shall be provided
to the Massachusetts Department of Environmental Protection, the United
States Environmental Protection Agency, the Massachusetts Commissioner
of Revenue, the Select Board, and the property owner.
[Amended 10-21-2019 FATM, Art. 20]
