Payment in Lieu of Tax Agreement Sample Contracts

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Payment-in-Lieu-of-Tax Agreement • March 31st, 2008 • CVD Equipment Corp • Special industry machinery, nec
PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • December 20th, 2024

THIS PAYMENT IN LIEU OF TAX AGREEMENT (the “Agreement”), dated as of December 20, 2024, by and between WAYNE COUNTY INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation duly existing under the laws of the State of New York with offices at 9 Pearl Street, Lyons, New York 14489 (the “Agency”) and 100 DUNN ROAD, LLC, a New York limited liability company having offices at 6948 Herman Road, Syracuse, New York 13209 (the “Company”).

VILLAGE OF PORT CHESTER INDUSTRIAL DEVELOPMENT AGENCY AND
Payment in-Lieu-of-Tax Agreement • April 6th, 2025 • New York

(herein, this “Agreement” or “PILOT Agreement”), is by and between the VILLAGE OF PORT CHESTER INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation duly existing under the laws of the State of New York (the “State”) with offices at 222 Grace Church Street, Port Chester, New York, 10573 (the “Agency”) and 108 GATEWAY, LLC, a New York limited liability company having offices at 92 North Avenue, Suite 204, New Rochelle, New York 10801 (the “Company”).

PAYMENT IN LIEU OF TAX AGREEMENT DATED AS OF APRIL 10, 2018 TAX MAP PARCELS
Payment in Lieu of Tax Agreement • June 18th, 2018 • New York

THIS PAYMENT IN LIEU OF TAX AGREEMENT dated as of April 10, 2018, by and between ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY, a New York

PERSONAL PROPERTY PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • December 29th, 2017 • Maryland

This Payment in Lieu of Tax Agreement (herein “PILOT” or "Agreement"), made and entered into as of this day of , 2017, by and between Cecil County, Maryland, a body corporate and politic of the State of Maryland (herein “County”), and Unison Energy (herein “Company”) for the benefit of Union Hospital of Cecil County, Inc. (herein “Hospital”), a not for profit hospital system.

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • August 19th, 2019 • New York

THIS PAYMENT IN LIEU OF TAX AGREEMENT (the "Agreement"), dated as of March 1, 2013, by and between ERIE COUNTY INDUSTRIAL DEVELOPMENT

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • December 13th, 2012 • Kansas

THIS PAYMENT IN LIEU OF TAX AGREEMENT, made and entered into as of this December 1, 2012 (the “Agreement”), by and between BLACK & VEATCH CORPORATION, a Delaware corporation authorized and qualified to do business in the State of Kansas (the “Company”), and THE CITY OF OVERLAND PARK, KANSAS, a municipal corporation (the “City”).

PAYMENT IN LIEU OF TAX AGREEMENT DATED FEBRUARY 1, 2024
Payment in Lieu of Tax Agreement • January 6th, 2025 • New York

RELATING TO THE PREMISES LOCATED ON CENTRAL AVENUE, ELM STREET, EAST COURT STREET AND DIO WAY IN THE CITY OF CORTLAND, CORTLAND COUNTY, NEW YORK

PAYMENT IN LIEU OF TAX AGREEMENT DATED AS OF FEBRUARY 1, 2023
Payment in Lieu of Tax Agreement • February 15th, 2023 • New York

THIS PAYMENT IN LIEU OF TAX AGREEMENT dated as of February 1, 2023 by and between the TOWN OF COLONIE INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation of the State of New York (hereinafter referred to as the “Agency”), having an office for the transaction of business located at 347 Old Niskayuna Road, Latham, New York 12110, and LINCOLN AVENUE DEVELOPMENT, LLC, a limited liability company organized and existing under the laws of the State of New York having an office for the transaction of business located at 857 1st Street, Watervliet, New York 12189 (the “Company”).

PAYMENT IN LIEU OF TAX AGREEMENT (CONFERENCE CENTER) Dated as of June 28, 2021
Payment in Lieu of Tax Agreement • June 12th, 2021

THIS PAYMENT IN LIEU OF TAX AGREEMENT (the "Agreement"), dated as of the 28th day of June 2021, by and between TOMPKINS COUNTY INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation duly existing under the laws of the State of New York with its registered offices located at 200 East Buffalo Street, Suite 102A, Ithaca, New York 14850 (the "Agency"), and ASTERI CONFERENCE, LLC, a limited liability company duly formed and validly existing under the laws of the State of New York, with offices at c/o Vecino Group New York, LLC, 305 W. Commercial Street, Springfield, Missouri 65803 (the "Company").

PAYMENT IN LIEU OF TAX AGREEMENT (SHARPE SQUARE)
Payment in Lieu of Tax Agreement • November 1st, 2018 • Maryland

This Payment In Lieu Of Tax Agreement (the “PILOT Agreement”), made and entered into as of the day of , 2018 (the “Agreement Date”), is by and between Sharpe Square Pax Buckeye, LLC, a Maryland limited liability company (the “Owner”), and Frederick County, Maryland, a body corporate and politic of the State of Maryland (the “County”), and The City of Frederick, a municipal corporation of the State of Maryland (the “City”).

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • August 12th, 2016 • New York

In no event shall the Adjusted PILOT Payment exceed the amount payable if the Facility were subject to taxation and a 485(b) exemption had been granted to eligible portions of the Facility.

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • July 22nd, 2025

THIS PAYMENT IN LIEU OF TAX AGREEMENT (the “Agreement”), dated as of the 16th day of June, 2022, by and between the TROY INDUSTRIAL DEVELOPMENT AUTHORITY, a public benefit corporation of the State of New York, having its offices at 433 River Street, 5th Floor, Troy, New York 12180 (the “Authority”) and LION FACTORY BUILDING LLC, a New York limited liability company having offices at 1055 Saw Mill River Road, Suite 204, Ardsley, New York 10502 (the “Company”).

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • June 12th, 2017 • New York

THIS PAYMENT IN LIEU OF TAX AGREEMENT dated as of June , 2016 (“Agreement”) by and between the TOWN OF CLIFTON PARK INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation of the State of New York having its office at the Clifton Park Town Hall, One Town Hall Plaza, Clifton Park, New York 12065 (the “Agency”), and 14 FAIRCHILD SQUARE, a limited liability company organized and existing under the laws of the State of New York having an address of 5 Longkill Road, Ballston Lake, New York 12019 (the “Company”);

AMENDED PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • June 15th, 2017

THIS PAYMENT IN LIEU OF TAX AGREEMENT (this “Agreement”), made and entered into as of this 20th day of June, 2017, by and between RJB LACKMAN, LLC., a Kansas limited liability company (“RJB”), and the City OF LENEXA, KANSAS, a municipal corporation (“City”).

CITY OF HORNELL INDUSTRIAL DEVELOPMENT AGENCY
Payment-in-Lieu-of-Tax Agreement • March 31st, 2022

THIS PAYMENT-IN-LIEU-OF-TAX AGREEMENT (the "Agreement"), dated as of the 1st day of December, 2019, by and between the CITY OF HORNELL INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation duly existing under the laws of the State of New York, with offices located at 40 Main Street, Hornell, New York 14843 (the "Agency"), and THE RESIDENCES OF HORNELL II LLC, a limited liability company duly organized and validly existing under the laws of the State of New York, with offices located at 2680 West Ridge Road, Suite B100C, Rochester, New York 14626 (the "Company").

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • January 23rd, 2021 • Kansas

THIS PAYMENT IN LIEU OF TAX AGREEMENT (this “Agreement”), made and entered into as of this December 1, 2019, by and between KG PROPERTIES LLC, a Kansas limited liability company (the “Tenant”), and THE CITY OF BONNER SPRINGS, KANSAS, a municipal corporation (the “City”).

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • November 15th, 2017 • Massachusetts

This Agreement (“Agreement”) is made as of (“Effective Date”), by and between (the “Developer”) with an address of street, city, state, zip code and the Town of Middleborough, Massachusetts, acting by and through its Board of Selectmen (the “Town”) with an address of Town Hall, 10 Nickerson Avenue, Middleborough, MA 02346. The Developer and the Town may be collectively referred to herein as the “Parties” and individually as a “Party”.

PAYMENT IN LIEU OF TAX AGREEMENT (OVERLOOK EAST ASSOCIATES, LLC)
Payment in Lieu of Tax Agreement • September 22nd, 2014 • Maryland

This Payment In Lieu Of Tax Agreement (the “PILOT Agreement”), made and entered into as of the day of , 2023 (the “Agreement Date”), is by and between Overlook East Associates, LLC, a New York limited liability company (the “Owner”), Frederick County, Maryland, a body corporate and politic of the State of Maryland (the “County”), and The City of Frederick, a municipal corporation of the State of Maryland (the “City”).

HADCO CORPORATION
Payment-in-Lieu-of-Tax Agreement • February 26th, 2004 • New York

THIS AGREEMENT, dated as of December 31, 2003 (this “Amended and Restated PILOT Agreement”), by and among HADCO CORPORATION, a Massachusetts corporation duly authorized to do business in the State of New York, having an office at 1200 Taylor Road, Owego, New York 13827 (the “Company”); TIOGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY, an industrial development agency and a public benefit corporation of the State of New York, having its principal office at County Office Building, 56 Main Street, Owego, New York 13827 (the “Agency”); TIOGA COUNTY, NEW YORK, a New York municipal corporation having offices at 56 Main Street, Owego, NY 13827 (the “County”); the TOWN OF OWEGO, NEW YORK, a New York municipal corporation having offices at 2354 State Route 434, Apalachin, New York 13732 (the “Town”); and OWEGO-APALACHIN SCHOOL DISTRICT, a New York central school district having offices at 36 Talcott Street, Owego, New York 13827 (the “School District”);

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • January 17th, 2020 • Texas

This Payment in Lieu of Tax Agreement (the “Agreement”), is made and entered into as of the day of , 2020, by and between RGC Ventures, LLC (“Owner”) and the City of Round Rock, a political subdivision of the State of Texas (the “City”).

AMENDED AND RESTATED PILOT AGREEMENT
Payment in Lieu of Tax Agreement • September 17th, 2021 • Kansas

, 2021 ("Effective Date"), is between the City of Wichita, a municipal corporation of the State of Kansas, having an office at 455 N Main St., 10th Floor, Wichita, Kansas 67202 (the "City"), and the City of Wichita, a municipal corporation of the State of Kansas, having an office at 455 N Main St., 10th Floor, Wichita, Kansas 67202, as owner and “Landlord” under the Ground Lease (as hereinafter defined) (the “Owner” and together with the City, the “Parties”).

Payment In Lieu of Tax Agreement
Payment in Lieu of Tax Agreement • October 21st, 2014 • Texas

This Agreement is entered into by and between the Coppell Independent School District ("ISD") and DMG Mori Seiki U.S.A., Inc., also known as “MSUSA” ("Company"), a wholly owned subsidiary of the publicly traded Japanese corporation, DMG Mori Seiki Co. Ltd., upon the terms and conditions set forth herein.

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • August 29th, 2023 • Tennessee

WHEREAS, the Board was created pursuant to the provisions of Tennessee Code Annotated § 48-101-301 et seq., as amended (the “Act”), to advance the public purposes provided for in the Act which includes, among other things, to provide for additional safe and sanitary multifamily housing facilities to be used by persons of low and/or moderate incomes; and,

Contract
Payment-in-Lieu-of-Tax Agreement • December 6th, 2023

THIS PAYMENT-IN-LIEU-OF-TAX AGREEMENT (the "Agreement"), dated as of December 13, 2023, by and between 200 COURT STREET APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION, a not-for-profit corporation organized and existing under the laws of the State of New York, having its principal offices located at 555 East Genesee Street, Syracuse, New York 13202 (the “Fee Owner”) and 200 COURT STREET APARTMENTS, LLC, a limited liability company organized and existing under the laws of the State of New York, having its principal offices located at 555 East Genesee Street, Syracuse, New York 13202 (the “Beneficial Owner”) the “Fee Owner” and the “Beneficial Owner” are, collectively, the "Company") and the BROOME COUNTY INDUSTRIAL DEVELOPMENT AGENCY, a public-benefit corporation duly organized and validly existing under the laws of the State of New York with an office for the transaction of business located at FIVE South College Drive, Suite 201, Binghamton, New York 13905 (the “Agency”), collectively

PAYMENT IN LIEU OF TAX AGREEMENT DATED AS OF JANUARY 1, 2021
Payment in Lieu of Tax Agreement • January 29th, 2021 • New York

THIS PAYMENT IN LIEU OF TAX AGREEMENT dated as of January 1, 2021 by and among the ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY, a corporate governmental agency constituting a body corporate and politic and a public benefit corporation organized and existing under the laws of the State of New York (hereinafter referred to as the “Agency”), having an office for the transaction of business located at 333 West Washington Street, Suite 130, Syracuse, New York 13202, EMPIRE POLYMER HOLDINGS LLC, a limited liability company organized and existing under the laws of the State of New York, having an office for the transaction of business located at 4185 Glass Factory Bay Road, Geneva, New York 14456 (the “Company”) and EMPIRE POLYMER SOLUTIONS, LLC, a limited liability company organized and existing under the laws of the State of New York, having an office for the transaction of business located at 4185 Glass Factory Bay Road, Geneva, New York 14456 (the “Operating Company”).

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • August 6th, 2024

THIS PAYMENT IN LIEU OF TAX AGREEMENT (the “Agreement”), dated as of August 8, 2024, by and between WAYNE COUNTY INDUSTRIAL DEVELOPMENT

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • March 29th, 2024 • New York

THIS PAYMENT IN LIEU OF TAX AGREEMENT dated as of February 27, 2023 (the “Agreement”) by and between the CITY OF MECHANICVILLE AND TOWN OF STILLWATER INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation of the State of New York and having its office at the Municipal Building, 36 North Main Street, Mechanicville, New York 12118 (the “Agency”), and BEST AVENUE VENTURES, LLC, a limited liability company organized and existing under the laws of the State of New York having an office for the transaction of business located at 211 N. Main Street, Mechanicville, New York 12118 (the “Company”);

AMENDED AND RESTATED PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • July 29th, 2020 • Kansas

THIS AMENDED AND RESTATED PAYMENT IN LIEU OF TAX AGREEMENT (this “Agreement”), made and entered into as of this January 1, 2020, by and between KG PROPERTIES LLC, a Kansas limited liability company (the “Tenant”), and THE CITY OF BONNER SPRINGS, KANSAS, a municipal corporation (the “City”), amends, restates and replaces the Payment in Lieu of Tax Agreement, dated as of December 1, 2019, by and between the Tenant and the City.

AMENDED AND RESTATED PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • December 10th, 2015 • New York

In no event shall the Adjusted PILOT Payment exceed the amount payable if the Facility were subject to taxation and a §485-b exemption !-'iad been granted to eligible portion of the Facility.

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • June 8th, 2017 • Kansas

made and entered into as of this 20th day of June, 2017 (the “Effective Date”), by and between Perg Buildings, LLC, a Delaware limited liability company, as to an undivided 31.5685% interest (“Perg”), Block Income Fund III, L.P., a Delaware limited partnership, as to an undivided 30.97% interest (“Block”) and SSOP, LLC, a Kansas limited liability company, as to an undivided 37.4615% interest (“SSOP”), as tenants-in-common (collectively, PERG, Block and SSOP constitute the “Company”) and the CITY OF LENEXA, KANSAS, a Kansas municipal corporation (“City”).

Payment In Lieu of Tax Agreement
Payment in Lieu of Tax Agreement • October 20th, 2017 • Texas

This Agreement is entered into by and between the Coppell Independent School District ("ISD") and FedEx Trade Networks Transport & Brokerage, Inc. (“Company”), upon the terms and conditions set forth herein.

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • November 11th, 2019 • New York

THIS PAYMENT IN LIEU OF TAX AGREEMENT (the "PILOT Agreement"), dated as of the 1st day of August, 2018 is by and between the COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY D/B/A IMAGINE MONROE POWERED BY COMIDA, a

PAYMENT IN LIEU OF TAX AGREEMENT
Payment 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

PAYMENT IN LIEU OF TAX AGREEMENT
Payment in Lieu of Tax Agreement • May 25th, 2017 • Kansas

THIS PAYMENT IN LIEU OF TAX AGREEMENT, is made and entered into as of this day of June, 2017 (the “Agreement”), by and between ZHONGCHENG PACKAGING USA, INC., a Delaware corporation (the “Company”) and the CITY OF LENEXA, KANSAS, a municipal corporation (the “City”).