3/27/1995 BOARD OF SELECTMEN Minutes

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Page 6 Board of Selectmen Minutes March 27, 1995 Memo from ,Waterways Commission re; Request by John's Pond Ski Team: Communication was received from Ben Gordon,Ch ' of the Waterways Commission dated March 17, 1995 requesting the Board schedule a Public Hearing on John's Pond Ski Teams proposal to develop locations for a slalom course and a ski jump. *Consensus of the Board to schedule a Public Hearing as requested. Neighborhood associations will be contacted in addition to public notice to be printed in the local newspapers. Q.LD B INE : Town Meeting 'Warrant for Review: Request for Article - Designation of Economic Opportunity pp y _ Areas: Sid Stern,Chairman of the Economic Development Committee and Wayne Duchemin,Economic Development Coordinator were present to recommend the Board place an article on the Town Meeting Warrant to designate the Industrial Park as an Economic Opportunity Area. Mr. Stern indicated that the Industrial Park has thirteen vacant lots in need of development. Designating the area as an Economic Opportunity Area will supplement the States classification of Barnstable County as an Economic Target Area indicated Mr. Stern. Economic opportunity Areas stimulate private investment and create local job opportunities noted Mr. Stern. Businesses are offered a 5%investment tax credit and lO%a abandoned building tax deduction in addition to municipal incentives. Selectman Dinizio indicated that target industries are reviewed case by case. Designating the Industrial Park as an Economic Opportunity Area will give the Town an opportunity to be competitive and attract businesses. Motion made by Selectman Vaccaro to draft a Town Meeting Article as requested to Designate the Industrial Park as an Economic opportunity Area. Motion seconded by Selectman Dinizio. VOTE: Unanimous. 4-0.