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What must be included in the annual report?

The annual report must include, but is not limited to:

  • annual and total municipal and education property tax increments generated;
  • expenditures for financing and related costs;
  • current balance;
  • expenditures for infrastructure improvements;
  • scope and value of projected and actual improvements and developments in the Housing Development Site, including the number of housing units created;
  • sale prices for initial offerings of any housing units;
  • rental prices for initial offerings of any rental housing units;
  • number and types of housing units for which a permit is being pursued under 10 V.S.A. chapter 151 (State land use and development plans) and, for each applicable housing development, the current stage of the permitting process;
  • projected and actual incremental revenue amounts;
  • allocation of incremental revenue, including the amount allocated to related costs;
  • projected and actual financing;
  • amount of public funds flowing to private ownership or usage; and
  • biennial verification of affordability covenants and primary residence occupancy.

VEPC may request supplemental reports at any time.