Committee pre-files resolution to back Kinsley Group PILOT at 20 Fields Lane
Summary
The committee waived rules to accept additional material on a 20 Fields Lane PILOT for the Kinsley Group, and after discussion about IDA priorities and local economic impact the committee pre-filed a supporting resolution with unanimous committee consent.
Committee members waived the rules to accept additional material and considered a Payment In Lieu Of Taxes (PILOT) agreement for a Kinsley Group project at 20 Fields Lane. Chairman Bill Nulk reiterated that the IDA uses PILOTs to retain and attract businesses, describing the incentive as part of a package that could prevent businesses from leaving the county for neighboring states.
Legislator Regan asked the IDA to prioritize recruitment of outside businesses when possible, rather than providing abatements for businesses already located in Putnam County. Chairwoman Russo moved to pre-file the necessary Kinsley resolution; Legislator Crowley seconded and the committee recorded the motion as "All in favor." No detailed fiscal numbers or final approvals from other taxing entities were presented at the meeting.
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