FARMINGDALE — A volunteer group of town residents say the town would be better off approving a tax break for a proposed natural gas pipeline.

The group, which consists of residents Eugene Moreau, Roger Mallar, Clif Andreasen and David and Amy Cyr, was assembled to clarify questions about an upcoming vote on the tax increment financing deal. They held an informational meeting Wednesday at the town office and discussed parts of the proposed TIF.

Residents will be asked to vote on the tax break a week from today, the day before the annual Town Meeting. The tax deal was rejected at a special town meeting in December, but selectmen decided to give it a second try at the ballot box.

David Cyr, who has questioned the proposal at public meetings and hearings, explained the town would be able to shelter the valuation created by the new project with the tax deal.

The town would have 30 years to shelter the revenue, with only some of the money going back to the company the first 15 years.

“We’ll gain more revenue to Farmingdale with the TIF than without it,” Cyr said.

Andreasen told the few residents who attended the meeting that the sheltered revenue, according to state guidelines, could be spent on things in town such as initiating new employment opportunities and economic development.

Bill Crowley, a Maple Street resident who has been an outspoken opponent of the tax deal, asked about digging up Maine Avenue, which is U.S. Route 201, again to install the gas line even through the road had recently been dug up to replace culverts.

Mallar, a former commissioner of the Maine Department of Transportation, said that the gas company would have to negotiate with the Maine DOT because it’s a state road.

Portland-based Kennebec Valley Gas Co. originally proposed a 56-mile gas line from Richmond to Madison. The company has proposed installing a four-mile supply line through town and a two-and-a-half mile distribution line the length of Maine Avenue. The distribution line, however, would be contingent on whether or not the town approves the TIF.

Summit Gas Co. of Colorado has entered into a purchase-and-sale to buy Kennebec Valley Gas Co. and build the gas line.

If the deal goes through — it requires the OK of the Public Utilities Commission — then Summit plans to expand the project with more distribution lines in Farmingdale, according to Board of Selectmen Chairman David Sirois.

Representatives of Summit Gas Co. said it is not financially feasible to put the distribution lines through the communities without a TIF, Sirois said.