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Committee approves PILOT for 1.98 MW solar pilot at 262 Libertyville Road
Summary
The committee approved a payment‑in‑lieu‑of‑taxes (PILOT) agreement for a 1.98 MW solar installation at 262 Libertyville Road adjacent to the county fairgrounds; projected revenue was described as roughly $1,950 per year for 15 years ($29,250 total).
The committee considered Resolution 411, a pilot payment‑in‑lieu‑of‑taxes agreement with 262 Libertyville LLC for a 1.98‑megawatt solar array at 262 Libertyville Road in the town of Gardiner, adjacent to the Ulster County Fairgrounds. The resolution authorizes the chair to execute an agreement under Real Property Tax Law Section 487 to accept a negotiated payment rather than taxation for the solar system.
Committee discussion clarified that such agreements are commonly described as “reverse pilots” because municipalities receive revenue rather than forgoing taxes; members noted that local municipalities and school districts must also pass similar resolutions to accept a PILOT payment. A question about the company’s ownership revealed it was set up as an LLC for the project; a committee member noted HEP Investments of North America is associated with the address mentioned.
A legislator moved the resolution, another seconded, and the committee adopted the measure by voice vote; the chair announced the resolution passed unanimously.
