Sentences with phrase «lieu of lease payments»
Not exact matches
A 1986 agreement involving the state, City Hall and the city controller guaranteed that the hefty surplus generated from ground leases and payments in lieu of taxes would go toward affordable housing and other capital needs in the city.
http://www.nydailynews.com/
Wind power has created too many benefits for western Kansas, as a $ 7 billion investment pays out $ 16 million in lease payments to farmers each year and more than $ 13 million in payments in lieu of taxes (PILOT), according to Polsinelli, a Kansas City law firm.