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Lebanon council weighs waiving PILOT payments for LEAP utilities as buildout balloons
Summary
Council members heard a detailed presentation from utilities staff asking the city to waive pilot payments (PILOT) for the LEAP water and wastewater districts until bonds funding LEAP infrastructure are repaid, arguing the scale of construction would otherwise force civil ratepayers to subsidize the LEAP buildout. Council made a language tweak and will take a second reading Dec. 8.
Utilities officials asked the Lebanon City Council on Nov. 24 to waive payment-in-lieu-of-taxes (PILOT) obligations for the city’s LEAP water and wastewater districts until bonds financing LEAP infrastructure are fully repaid. Jeff Jacob and Sandra (utilities staff) told the council that rapid LEAP construction has put hundreds of millions of dollars of utility plant into construction-in-progress, producing a theoretical PILOT obligation the LEAP district cannot pay at present and that would otherwise risk shifting costs to civil-rate customers.
Why it matters: If the LEAP PILOT were collected while large assets are being…
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