TIF Fund Allocation
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TIF #TIF name TIF funds allocationWhere are funds spent Estimated Balance as of 6/30/16
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1Industrial Park Rd. A. Widen roads, install and upgrade traffic signalsIn the TIF district 604,920
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5First Light A. Public improvements that fall under Chapter 207 of 30-A MRSA (municipal infrastructure, developing new employment opportunities, funding economic development programs, acquiring/improving/developing land for industrial purposes, other improvements and eligable project costs under applicable law) In the TIF district 56,481
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7Spring HillA. A traffic light at Route 1 and Spring Hill Road B. A business park road, including sewer, electrical service, sidewalks, gas lines, drains, drainage ponds, signage, landscaping, and pump station(s) C. Route 1 sewer extension. including pump station(s) and land for pump station(s) D. Purchase of land for future industrial and business park expansion E. Industrial Park railroad extension and sidetrack constructionItems A, B, C and D will be within the TIF district. Item E, th railroad extension is chiefly within the district. However, creation of rail road sidetrack in front of Woodstructures may extend 1500 feet outside the district. 766,891
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9Park NorthA. Sewer improvements in the District along Route 1 from Flag Pond Road to scarborough line B. Acquisition of land or rights of way in the District C. Traffic signal D. Water mains and pumping for firefighting and drinking water improvements E. Reconstruction and widening of Route 1 F. Cascade Road overlay G. Additional pumps at Mill Brook, Goosefare, and Bear Brook Pump Stations upgrades when needed H. Fire and rescue apparatus and station constructionand land in Saco or Scarborough I. Road maintenance vehicle A, B, C, D, E and F are within the district. G, H, and I are outside the district but related to activities insde the district.-766
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11General Dynamics Pay for 3,000 sq/ft. expansion to the building 0
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12Chinburg Mill
Building #4
A.  Programming (Saco spirit promotion, chamber of commerce membership, staffing and programming for economic development, staffing and programmingfor Biddeford-Saco area economic development corporation) B. Sewer improvements in or directly related to the TIF area C. Gooch street resurfacing and amenities D. Traffic signals E. Shuttle Bus F. York Hill - Main Street Rd. improvments G. PACT dynamic sign project H. Multi-model external train platform I. Traffic Mitigation Item A is located outside the TIF district but is related to the TIF. All other items are inside the TIF district with item B falling inside and outside the district.531
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14Maine Molecular A. Funding City Economic Development department and programs B. Organizational costs of establishing district and informing public of development districts and implementation of project plans C. Utilitiy (sewer, water, electric, cable, broadband) D. Street improvements in the district and related to district E. Capital costs of recreational trail improvements in district including new or old trails, bridges that are part of the trailIn the District0
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