Monday, August 16, 2021

8/16 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.

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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

3 comments:

  1. 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?

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    Replies
    1. Good 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.

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  2. Was this pilot approved?

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