Gouldsboro Selectmen Await Financial Documents from Live Lobster Co.



GOULDSBORO — Selectmen say they are waiting for more financial information before deciding whether to apply for a $400,000 federal grant to help out the aspiring new owner of the former Bumble Bee sardine cannery in the village of Prospect Harbor.

 

Selectman Jim Watson said Tuesday the board has received some, but not all, of the information requested from Live Lobster Co. Inc. of Chelsea, Mass.

“There are several important things still missing,” he said.

Town Manager Eve Wilkinson said Tuesday she has received a summary of the project plan, a six-page form required by the Department of Economic and Community Development (DECD) and consolidated financial statements for 2009 and 2008.

Wilkinson said she told Bussone that the selectmen needed the remaining documents by Sept. 15. The documents are required in applying for the Community Development Block Grant (CDBG).

The outstanding documents included, among several others, federal business tax returns for three years and personal financial statements and federal income tax returns for all owners with 20 percent or more ownership of the company.

The Board of Selectmen will hold a public hearing on the issue Sept. 20 at 7 p.m. at the Town Office. The deadline for applying for the CDBG funding is Sept. 24.

Bumble Bee closed the plant in mid-April, leaving 128 employees without jobs. Governor John Baldacci pledged at the time that he would find a new business for the complex.

For more political news, pick up a copy of The Ellsworth American.

 

Fenceviewer Staff

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