[Adopted 1-14-2002 by L.L. No. 2-2002]
This article shall be known as "A Law Authorizing
the Town Board to Enter into Agreements for Payments in Lieu of Taxes."
The purpose of this article is to authorize
the Town Board to enter into agreements with real property owners
for the making of payments in lieu of real property taxes where it
is deemed appropriate and in the best interest of the Town.
The Town Board, after due deliberation, may
enter into agreements with real property owners for the making of
scheduled payments in lieu of paying real property taxes. Said Payment
in Lieu of Taxes (PILOT.) agreement, upon consent of the Town Board,
shall be signed by the Town Supervisor.
