Sentences with phrase «lieu of taxes agreement»

Currently, Buchanan receives $ 3 million in tax breaks as per a payment in lieu of taxes agreement, and Joseph Hochreiter, superintendent of the Hendrick Hudson school district, has said that the closure of the plant would negate a third of the district's tax base, and has therefore halted intentions to move forward on a $ 14 million capital improvement project.

The idea — as with every property in lieu of taxes agreement, or PILOT — was to encourage private development with short - term tax breaks in return for improved property, more jobs and increased traditional tax payments in the long term.

The debate over a long - term Payment In Lieu Of Taxes agreement between the city and town of Plattsburgh has led to the city retaining outside lawyers to investigate.

In early 2014, the City of Albany Industrial Development Agency approved a payment - in - lieu of taxes agreement for the hotel and parking garage on Howard Street that will save the company millions by the time the agreement expires in 2031.

The development also received a $ 660,000 Suffolk County HOME Loan, a Suffolk County Acquisition and Infrastructure Loan of nearly $ 1.95 million, a $ 150,000 loan from the Village of Patchogue, a $ 250,000 philanthropic loan, and a 30 - year payment in lieu of taxes agreement with the Village of Patchogue.

Not exact matches

While both deed in lieu agreements and short sales represent alternatives to foreclosure, neither will spare you from a lower credit score, the possibility of a deficiency judgment, or an increase in your taxes.

The Onondaga County IDA did not require such an agreement in return for a payment in lieu of taxes, or PILOT.

Modification Request to Proposals dated March 13, 2017 for the Ellis Tract and 2150 Dryden Road Projects Seeking Payment In Lieu of Taxes (PILOT) Agreement for Community Solar Photovoltaic A

Several important governmental resolutions mark the transition into 2014, all having to do with the application by Wilmorite Corporation to the Ulster County Industrial Development Agency (UCIDA) for a payment in lieu of taxes (PILOT) agreement.

Erie County Legislator Lynne Dixon announces that the Legislature supports a Payment in Lieu of Taxes (PILOT) agreement with the City of Lackawanna and housing agencies to provide housing for low and very low income families.

Cuomo did not mention a executive budget proposal to use payment - in - lieu - of - taxes agreements instead of market value to calculate taxes on land in the Adirondack Park and the Catskills, a proposal shift that has local officials and green groups seething.

By Steven L. Aaron A lot has been said recently about The Birches at Saugerties» amended payment - in - lieu - of - taxes agreement [PILOT].

Solages wants the mall's owner and the Hempstead Town Industrial Development Agency to renegotiate what's known as a PILOT agreement, or payment in lieu of taxes.

Next up for Hubbard: try to convince the Town Board not to approve a PILOT (Payment In Lieu of Taxes) agreement with the developer.

KINGSTON >> The Nevele Casino, Resort and Spa on Wednesday was granted the payment - in - lieu - of - taxes (PILOT) agreement developers were looking for but lost support from an Ulster County legislator who said she felt deceived over the request for tax breaks.

The capital city in recent years has depended on a series of «spin - ups,» or advances, on the payment - in - lieu - of - tax agreements it maintains with the state to close budget gaps.

Local governments and environmental groups have united to blast an executive state budget proposal to use payment - in - lieu - of - taxes agreements instead of market value to calculate taxes on the vast Forest Preserve holdings in the Adirondack Park and the Catskills.

The proposal calls for using payment - in - lieu - of - taxes (PILOT) agreements instead of market value to calculate taxes on land in the Adirondack Park and the Catskills.

The Ulster County Legislature has given county approval to an Industrial Development Agency Pilot (Payment In Lieu of Taxes) agreement for the transfer of ownership of senior - citizen low - income units at Yosman Tower and the Governor Clinton Hotel in Kingston.

Walsh, on the city's behalf, helped negotiate a 14 - year payment - in - lieu - of - tax agreement, also called a PILOT, with Riley's team, the developer said.

The Orange County Industrial Development Agency approved a 20 - year payment - in - lieu - of - taxes agreement for Legoland parent Merlin Entertainments.

The donations began around the time some two years ago when the Rochester - based Wilmorite, a development corporation, filed a request for a payment - in - lieu - of - taxes (Pilot) agreement with the county's Industrial Development Agency.

They think a payment - in - lieu - of - taxes (Pilot) agreement would give Wilmorite an unfair advantage over them.

After more than six months of on - again, off - again discussions, Ulster County's Industrial Development Agency has moved formally to terminate developer Steve Aaron's 2005 Pilot (Payment in Lieu of Taxes) agreement for failure to pay his tTaxes) agreement for failure to pay his taxestaxes.

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.

But the sale agreement stipulates that the second building and any others built afterward will be subject to 10 - year payment - in - lieu - of - taxes agreements, or PILOTs, similar to those used by the Erie County Industrial Development Agency for regionally significant projects.

In papers filed in state Supreme Court Friday, COR denied that it pledged not to apply for a payment - in - lieu - of - tax agreement for its construction of hotels, apartments, retail and office space at the former state Barge Canal terminal in the city's lakefront area.

When we last tuned in to the seemingly endless conflict between New Paltz government and developers seeking to build student housing for the college, the town board had bonded with the village board in opposing any kind of payment in lieu of taxes (Pilot) agreement for the developer.

According to payment - in - lieu - of - tax agreements with the developer, the city will receive no property taxes from Carousel Center mall or the Destiny expansion for 30 years, said Bill Ryan, the mayor's chief of staff and the chairman of SIDA.

Park Point developer Wilmorite is before the Ulster County Industrial Development Agency (IDA) looking for a payment in lieu of taxes (PILOT) agreement on 10 of the 13 apartment buildings in their proposed $ 56 million complex.

That was the ruling Wednesday from New York State Supreme Court Justice James Murphy after the city sued COR for the $ 44 - million PILOT (payment - in - lieu - of - taxes) agreement it signed with the Onondaga County Industrial Development Agency.

The state Division of the Budget has proposed using payment - in - lieu - of - taxes agreements instead of market value to calculate taxes on land in the Adirondack Park and the Catskills.

Gren will receive a Payment in Lieu of Tax (PILOT) Agreement from the County of Chautauqua Industrial Development Agency (CCIDA).

The long - running controversy on tax abatement involving Len and Terry Bernardo's Skatetime 209 roller rink in Accord came to a quiet end last June when their payment in lieu of taxes (Pilot) agreement was reinstated by the Ulster County Industrial Development Agency.

While both deed in lieu agreements and short sales represent alternatives to foreclosure, neither will spare you from a lower credit score, the possibility of a deficiency judgment, or an increase in your taxes.

Earlier this year, a chapter was created for municipalities to navigate negotiating payment - in - lieu - of - tax (PILOT) agreements.

Clients also benefit from our experience negotiating minimized realty transfer fees in transactions and payment in lieu of taxes (PILOT) agreements in redevelopment projects.

Managed and completed projects (i.e. drafted the payment in lieu of taxes program for Great Barrington, drafted contracts and technology user agreements).