Whereas, the Town of Orrington derives a large portion of its tax valuation from the presence of HoltraChem Manufacturing Company, L.L.C.; and

Whereas, the HoltraChem Manufacturing facility in Orrington closed in November 2000; and

Whereas, unless immediate action is taken to account for this decrease in valuation, the Town of Orrington will suffer the loss of significant revenues based on the closing of the HoltraChem Manufacturing facility; and

Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore, be it

Sec. 1. State valuation for Town of Orrington. Resolved: That, notwithstanding any applicable filing deadlines, the Town of Orrington may request a reduction in its state valuation under the Maine Revised Statutes, Title 36, section 208-A for the year 2001 based on the reduction in value of HoltraChem Manufacturing Company, L.L.C. without meeting the requirements set forth in Title 36, section 208-A, subsection 2, paragraphs A and C.

Emergency clause. In view of the emergency cited in the preamble, this resolve takes effect when approved.

SUMMARY

This bill authorizes the Town of Orrington to seek an adjustment of its state valuation for the year 2001 without meeting the requirements under the provisions of current law.