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RESOLUTION AUTHORIZING THE EXECUTION OF A PAYMENT IN-LIEU OF TAX ("PILOT") AGREEMENT BETWEEN THE TOWN OF RED HOOK AND RED HOOK CSA, LLC

↑Meetings/Resolutions/62-2019
Activeformal_resolutionongoingAuthorizes the Supervisor to execute a PILOT Agreement with Red Hook CSA, LLC providing for exemption of the 1.73 MW solar energy system from real property taxes with zero annual payments for a 15-year term.
First seen
2019-06-18
Latest event
2019-06-18
adopted
Expires
2034-06-18

Resolution text

RESOLVED

  1. The Town Board hereby authorizes and approves the form of PILOT Agreement by and among the Town of Red Hook and Red Hook CSA, LLC, in substantially the form presented at this meeting, providing for exemption of the Project from real property taxes of the Town to the extent authorized by Section 577 of the PHFL and annual payments of $0 for a period of 15 years subject to the terms and conditions as further provided in such PILOT Agreement
  2. The Supervisor of the Town of Red Hook is hereby authorized and directed to execute and deliver the foregoing PILOT Agreement on behalf of the Town of Red Hook concurrently with the execution and delivery of the Lease
  3. This resolution shall take effect immediately.
Show preamble — 4 WHEREAS clauses
  • WHEREAS, Red Hook CSA, LLC ("Owner") has proposed to enter into a certain lease agreement with the Village of Red Hook for the lease of the Property in order to build and operate a Solar Energy System on the Property (the "Lease")
  • WHEREAS, the Owner has submitted a Notice of Intent to the Town that it plans to build and operate a "Solar Energy System" as defined in New York Real Property Tax Law ("RPTL") § 487(1)(b) (the "Project") with an expected nameplate capacity ("Capacity") of approximately 1.73 Megawatts AC, to be located on an approximately 9.5 acre portion of a parcel of land located within the physical boundaries of the Town at Glen Pond Drive, identified as tax parcel no. 134889-6272-00-427425-0000 (the "Property")
  • WHEREAS, pursuant to a resolution adopted by the Town of Red Hook Town Board on January 25, 2017, the Town has not opted out of RPTL § 487 and the owner of a property which includes a solar or wind energy system eligible for exemption under § 487, other than a facility installed on a site and sized to provide energy to serve the residential or agricultural structures on that site, shall be required to enter into a contract for payments in lieu of taxes pursuant to such § 487
  • WHEREAS, pursuant to RPTL § 487(9)(a), the Town has indicated its intent to require a Payment in Lieu of Taxes ("PILOT") Agreement with the Owner, under which the Owner (or any successor owner of the Project) will be required to make annual payments to the Town for each year during the term of this Agreement

Lifecycle (1 event)

2019-06-18adoptedvote: unanimous
Authorize the Supervisor to execute a Payment-in-Lieu-of-Tax (PILOT) Agreement with Red Hook CSA, LLC for zero annual payments over 15 years for the solar energy system.
moved by McKeon · seconded by O'Neill
Show text snapshot for this event
Resolved
  1. The Town Board hereby authorizes and approves the form of PILOT Agreement by and among the Town of Red Hook and Red Hook CSA, LLC, in substantially the form presented at this meeting, providing for exemption of the Project from real property taxes of the Town to the extent authorized by Section 577 of the PHFL and annual payments of $0 for a period of 15 years subject to the terms and conditions as further provided in such PILOT Agreement
  2. The Supervisor of the Town of Red Hook is hereby authorized and directed to execute and deliver the foregoing PILOT Agreement on behalf of the Town of Red Hook concurrently with the execution and delivery of the Lease
  3. This resolution shall take effect immediately.
Whereas
  • WHEREAS, Red Hook CSA, LLC ("Owner") has proposed to enter into a certain lease agreement with the Village of Red Hook for the lease of the Property in order to build and operate a Solar Energy System on the Property (the "Lease")
  • WHEREAS, the Owner has submitted a Notice of Intent to the Town that it plans to build and operate a "Solar Energy System" as defined in New York Real Property Tax Law ("RPTL") § 487(1)(b) (the "Project") with an expected nameplate capacity ("Capacity") of approximately 1.73 Megawatts AC, to be located on an approximately 9.5 acre portion of a parcel of land located within the physical boundaries of the Town at Glen Pond Drive, identified as tax parcel no. 134889-6272-00-427425-0000 (the "Property")
  • WHEREAS, pursuant to a resolution adopted by the Town of Red Hook Town Board on January 25, 2017, the Town has not opted out of RPTL § 487 and the owner of a property which includes a solar or wind energy system eligible for exemption under § 487, other than a facility installed on a site and sized to provide energy to serve the residential or agricultural structures on that site, shall be required to enter into a contract for payments in lieu of taxes pursuant to such § 487
  • WHEREAS, pursuant to RPTL § 487(9)(a), the Town has indicated its intent to require a Payment in Lieu of Taxes ("PILOT") Agreement with the Owner, under which the Owner (or any successor owner of the Project) will be required to make annual payments to the Town for each year during the term of this Agreement
Subject key: cdg_solar_project_pilot_agreement