[Amended 12-17-2018 by L.L. No. 10-2018]
The Town of Hyde Park, and its Assessor, upon receipt of a notification to the Town Assessor of a property owner's or developer's intent to construct a solar farm pursuant to the provisions of Chapter
130 of the Town Code, shall be required to enter into a contract for payments in lieu of taxes (PILOT) that would have been paid had the property not been entitled to an exemption pursuant to the provisions of RPTL § 487. The Assessor shall notify the property owner of its intent to require a contract for payment in lieu of taxes within 60 days of receiving the written notification. The terms of such PILOT agreement shall be determined by the Town and its Assessor in the exercise of their sound discretion in consideration of such factors as the size and capacity of such solar facility and shall require annual payments in an amount not to exceed the amount which would otherwise be payable but for the exemption provided pursuant to RPTL § 487 for a period of not more than 15 years commencing from the date on which the benefits of such exemption first becomes available and effective.
This article is hereby adopted pursuant to the provisions of
RPTL § 487, § 10 of the New York State Municipal
Home Rule Law and § 10 of the New York State Statute of
Local Governments. It is the intent of the Town Board to supersede
any provisions of the New York State Law to the extent that they may
be inconsistent with the provisions of this article.