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Bedford council approves five-year PILOT agreement with Dartmouth-Hitchcock Clinic
Summary
The council approved a payment-in-lieu-of-taxes agreement with Dartmouth-Hitchcock Clinic that will pay the town 50% of the total tax rate for the identified property; the agreement is reported to be a five-year term with a five-year extension option.
The Bedford Town Council approved a payment-in-lieu-of-taxes (PILOT) agreement with Dartmouth-Hitchcock Clinic for the property at 58 Hawthorne Drive (Lot 24-1-4), and authorized the town manager to sign the agreement. Town Manager Rick Sawyer said the town recognizes Dartmouth-Hitchcock Clinic as a nonprofit corporation under RSA 72:23:5 and…
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