Month: May 2020

Coming Soon: Online Permits from @NorthAndoverFD

Sarah Brush
The North Andover Fire Department is in the process of implementing a new online permit application and payment system.  This online system will include 26F certificates for home sales as well as permits for fire sprinklers, fire alarms, oil burning equipment and more.  Be on the lookout for more information coming soon!  
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Town Meeting Warrant Article of the Day – Article 31: Tax Increment Financing Agreement

Sarah Brush
As we ready for Town Meeting, the Town will be presenting information every day on different warrant articles.

The full warrant has not yet been finalized, but a full list of the articles can be found here: https://drive.google.com/file/d/1NN75QVtcodzLZjYaGi9CrON3W1tg8maH/view?usp=sharing

Article 31: Tax Increment Financing Agreement

This article allows the Town to accept a Tax Increment Financing (TIF) Agreement with Amazon.com Services LLC (Amazon) and Hillwood Enterprises, LP (future property owner at 1450 Osgood Street). A TIF is an economic development tool that enables a municipality to grant property tax exemptions on a property’s increase in value as a result of a major private investment. In this case, the major private investment is the redevelopment of 110 acres of property at what is currently 1600 Osgood Street (Osgood Landing) into a five (5) story, approximately 3,800,000 square foot Amazon e-commerce storage, warehouse, and distribution facility. Visit https://amazontif.northandoverma.gov/ for more information regarding the TIF Agreement.

The TIF will need to be approved at Town Meeting by majority vote, as well as by the Commonwealth’s Economic Assistance Coordinating Council (EACC).

Town Meeting Warrant Article of the Day – Article 2: Authorization of the Town Manager or Superintendent of Schools Regarding Contracts in Excess of Three Years.

Sarah Brush
Warrant Article of the Day

As we ready for Town Meeting, the Town will be presenting information every day on different warrant articles.

The full warrant has not yet been finalized, but a full list of the articles can be found here: https://drive.google.com/file/d/1NN75QVtcodzLZjYaGi9CrON3W1tg8maH/view?usp=sharing

Article 2: Authorization of the Town Manager or Superintendent of Schools Regarding Contracts in Excess of Three Years.

Massachusetts Law only allows municipalities to enter into a contract of up to three years without permission of Town Meeting.  This article allows the Town Manager and Superintendent to sign contracts of longer than three years with the Selectmen’s or School Committee’s approvals.  Towns will sometimes opt for longer contracts in order to lock in attractive pricing or for a lease.

northandoverma.gov/townmeeting


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#NAFrontLine – Communications Officers

Sarah Brush
Answering the calls of our community and getting you the help you need, North Andover's Communications Officers are among those on the frontline of the fight against COVID19.  Please join us in saying THANK YOU!


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Town Meeting Warrant Article of the Day

Sarah Brush

Warrant Article of the Day

As we ready for Town Meeting, the Town will be presenting information every day on different warrant articles.

The full warrant has not yet been finalized, but a full list of the articles can be found here: https://drive.google.com/file/d/1NN75QVtcodzLZjYaGi9CrON3W1tg8maH/view?usp=sharing

Article 1: Reports of Receipts and Expenditures.

The Town Bylaw Chapter 15 Section 4 requires all Town officers, boards and committees who receive or expend money to keep a record and accounting of those actions and report those to Town Meeting in an annual report.  Under Article 1, Town Meeting is accepting those reports.


northandoverma.gov/townmeeting


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NEW: SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application

Sarah Brush

Regulations and guidance to further assist borrowers coming soon

Massachusetts District Office – May 2020
u s small business administration

Paycheck Protection Program Loan Forgiveness Application

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The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.

The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.

The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:

  • Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles
  • Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan
  • Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness
  • Borrower-friendly implementation of statutory exemptions from loan forgiveness reduction based on rehiring by June 30
  • Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that was declined

The PPP was created by the CARES Act to provide forgivable loans to eligible small businesses to keep American workers on the payroll during the COVID-19 pandemic.  The documents released today will help small businesses seek forgiveness at the conclusion of the eight week covered period, which begins with the disbursement of their loans.

Click here to view the application and instructions.

 

Paycheck Protection Program Loan Forgiveness Application at a Glance

To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the Borrower) must complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan). Borrowers may also complete this application electronically through their Lender.

This application has the following components: (1) the PPP Loan Forgiveness Calculation Form; (2) PPP Schedule A; (3) the PPP Schedule A Worksheet; and (4) the (optional) PPP Borrower Demographic Information Form.

All Borrowers must submit (1) and (2) to their Lender.

(1) the PPP Loan Forgiveness Calculation Form

PPP App

(2) PPP Schedule A

PPP Schedule A

(3) the PPP Schedule A Worksheet

PPP Schedule A Worksheet

(4) the (optional) PPP Borrower Demographic Information Form

Dempgraphics
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