Town Meeting Article 31 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). 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).
Learn more about the Tax Increment Financing (TIF) Agreement
- Visit https://amazontif.northandoverma.gov/
- Watch the recording of the North Andover's TIF Agreement Virtual Town Hall: https://youtu.be/LnWn6zP0CA0
- Read the Amazon TIF Q&A: https://docs.google.com/document/d/1uKPWiX4D_Bq8EYwZ5u9xMVP_rdhh0uUmWVzfw1SBdnI/