25LINKBUDGET(FULL) - Flipbook - Page 177
The Brownfield Redevelopment Authority Fund accounts for revenues and
expenditures for the Authority’s development activities. Revenue sources are
from captured tax revenues generated by the various projects approved by the
Authority.
The Brownfield Redevelopment Authority was established in 1996 to take
advantage of new legislation which gives various tools to local governmental
units to facilitate the clean-up and redevelopment of environmentally
contaminated sites.
Four projects, the Old Village Development Park, Daisy Square, and two
additional condo projects located at 300 Hamilton and 377 Amelia were
originally approved by the Authority. However, 300 Hamilton has now closed
out tax capture and 377 Amelia has been abolished due to lack of activity. A
fifth project located at E & E Manufacturing on Industrial Drive was also
approved during 2003 but this project does not involve tax capture as part of
the remediation financing. The sixth project, the Starkweather School property
development, was approved early in 2016. Mill Street Towns, the most recent
project, was approved by the Brownfield Board in April of 2019.
-243BROWNFIELD REDEVELOPMENT
AUTHORITY FUND
TABLE OF CONTENTS
