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Committee approves PILOT agreements for two solar projects under RPTL §487; NYSERDA guidance cited
Summary
Resolutions authorizing payment-in-lieu-of-tax (PILOT) agreements for two solar projects — Bailey's Gap Solar LLC and Highland 201 Solar LLC — were adopted; deputy executive said the agreements follow NYSERDA guidance and are expected to produce revenue through a negotiated formula.
The committee approved two resolutions on June 3 authorizing the chair of the Ulster County Legislature to execute payment-in-lieu-of-tax (PILOT) agreements under Real Property Tax Law §487 for two county-area solar projects.
Deputy Executive LaValle explained these arrangements are anticipated revenue agreements (sometimes described informally as "reverse pilots") used to establish…
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