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A8/16 BOARD OF TRUSTEES MEETING AGENDA, PILOT FOR THE LOW INCOME/AFFORDABLE HOUSING REGAN DEVELOPMENT ON KATZ, HUDSON NATIONAL ANCILLARY AREA, CONSIDERING CANNIBIS CONSUMPTION OPT-OUT, ETC. ETC. ETC. GO TO https://www.crotononhudson-ny.gov/board-trustees/events/53526
Regarding the PILOT; this is a PAYMENT IN LIEU OF TAXES...in order to encourage more or less this type of housing/Regan Development .... Regan is seeking a PILOT (Payment in Lieu of Taxes) in order to qualify for funding through the New York State Offices of Homes and Community Renewal. The terms of the 30-year PILOT agreement call for an annual payment of just $70,000 increasing by 3% annually per the agreement.
UPDATED: GAZETTE--- https://everythingcroton.blogspot.com/2021/08/planning-board-approves-katz.html
I don't understand how this even begins to cover the school costs. Is there a separate arrangement? Do the schools have any say in this pilot? Did they give an okay if they do?
ReplyDeleteGood questions---and you should ask the board. I vaguely recall the school district having to sign off on a pilot for Symphony Knoll some years ago but you should really address your questions to both village and school officials.
DeleteWas this pilot approved?
ReplyDelete