PAYMENT IN LIEU OF TAX AGREEMENTPayment in Lieu of Tax Agreement • October 15th, 2024
THIS PAYMENT IN LIEU OF TAX AGREEMENT, dated as of October 24, 2024 (the "Agreement"), is by and between the CITY OF MOUNT VERNON INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation of the State of New York, with offices at Mount Vernon City Hall, 1 Roosevelt Square North, Mount Vernon, New York 10550 (the "Agency"), and 115 MACQUESTEN DEVELOPMENT LLC, a New York limited liability company with offices at c/o The NRP Group LLC, 366 Fifth Avenue, Suite 701, New York, New York 1000110001 (the "115 LLC"), and 115 SOUTH MACQUESTEN HOUSING