County PILOT Payments Sample Clauses

County PILOT Payments. Payments in lieu of general levy real estate taxes to the County for each of the tax fiscal years2015 through 2021, or until termination of the Lease Agreement, whichever date occurs first, shall be in an amount equal to the County Land PILOT Payment plus the County Variable PILOT Payment (as such terms are defined below) for each such tax fiscal year. The County Land PILOT Payment for each tax fiscal year shall be an amount equal to the County tax rate then in effect for such tax fiscal year, applied against the then current assessed valuation of the non-depreciable portion of all tax parcels constituting the Project (assessed as land). The County Variable PILOT Payment for each tax fiscal year shall be an amount equal to the County tax rate in effect for such tax fiscal year, applied to the product of (i) the then current assessed valuation of the depreciable portion of all tax parcels comprising the Project (assessed as buildings or other improvements), and (ii) the abatement factor applicable to such tax fiscal year as shown on Schedule A attached hereto and made a part hereof. Each such payment shall be delivered to County of Erie, Room 100, 00 Xxxxxxxx Xxxxxx, Xxxxxxx, XX 00000, or such other place as may be designated from time to time by the County. Payments for each tax fiscal year must be made by May 15 of that year, or such payment shall be considered delinquent.
Sample 1
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County PILOT Payments. Payments in lieu of general levy real estate taxes to the County for each of the tax fiscal years 2011 through 2025, or until termination of the Lease Agreement, whichever date occurs first, shall be in an amount equal to the County Fixed PILOT Payment plus the County Variable PILOT Payment (as such terns are defined below) for each such tax fiscal year The County Fixed PILOT Payment for each tax fiscal year shall be an amount equal to the County tax rate then in effect for such tax fiscal year, applied against the Pre-Project Assessment. The County variable PILOT. Payment for each tax fiscal year shall be an amount equal to the County tax rate in effect for such tax fiscal year, applied to the product of
Sample 1

Related to County PILOT Payments

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