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Commissioners approve 20-year pilot agreement with Penn State University
Summary
The board approved a new 20-year payment-in-lieu-of-taxes agreement with Penn State University after several years of negotiations; the agreement includes in-kind services and biennial inflation adjustments, county staff said.
The Centre County Board of Commissioners voted July 22 to approve a new 20-year payment-in-lieu-of-taxes (PILOT) agreement with Penn State University. County staff recommended approval after multi-year negotiations and described the agreement as reflecting a ‘‘positive relationship' with the university.
Why it matters. The nut graf: county officials said the PILOT combines monetary and in-kind arrangements intended to reflect Penn State's impacts on…
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