CHAPTER 88

S.P. 61 - L.D. 138

Resolve, Directing the State Tax Assessor to Adjust the

State Valuation for the Town of Ashland

CHAPTER 88

S.P. 61 - L.D. 138

Resolve, Directing the State Tax Assessor to Adjust the

State Valuation for the Town of Ashland

Emergency preamble. Whereas, Acts and resolves of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and

Whereas, the Town of Ashland is the host community to the Boralex Ashland, Inc., formerly Northeast Empire Limited Partnership #II, biomass electrical generation facility; and

Whereas, as a result of severe disruptions in the economics and operations of the biomass electrical generation industry, the Town of Ashland has experienced a sudden and severe disruption of its municipal valuation related to the year 2001 municipal valuation relied upon by the State for purposes of establishing the 2003 state valuation, as determined by the Department of Administrative and Financial Services, Maine Revenue Services, Property Tax Division in September of 2002; and

Whereas, Maine Revenue Services, Property Tax Division has completed its state valuations and the appeal period for the same has passed; and

Whereas, absent this special legislation, there is no means for Maine Revenue Services, Property Tax Division to recalculate an adjusted state valuation for the Town of Ashland for the 2003 state valuation; and