[Adopted 5-8-2024 by Ord. No. 724]
The operator of a solar energy system, medium scale, may, upon agreement with the City, enter into a payment in lieu of taxes for the personal property at the facility for the generation of electricity that is located or locates in the City of Crisfield.
A. 
If the City and an operator of a solar energy system, medium scale, agree to enter into a payment in lieu of taxes for the personal property at a facility for the generation of electricity, the agreement shall be in writing.
B. 
The agreement for a negotiated payment in lieu of taxes under this section shall provide:
(1) 
A specified term;
(2) 
A specified amount each year in lieu of the payment of municipal corporation personal property tax; and
(3) 
All or a specified part of the personal property at the facility that shall be exempt from municipal corporation property tax for the term of the agreement.
C. 
The agreement is not abrogated by the change in ownership to either the real property or the operator of the solar energy system which are subject to the agreement.
The City shall distribute the negotiated payment in lieu of taxes collected by the City under this article to the general fund of the City.