No PILOTS Sample Clauses

No PILOTS. Developer agrees that it shall not seek nor accept from the Village an agreement to pay, instead of property taxes, an alternative amount known as a Payment In- Lieu of Taxes. Developer agrees to pay full property taxes to the Village for all properties it owns, with no reductions or limits. Developer shall not execute any contract, lease agreement, or similar agreement related to the rental, lease, sale, or occupancy of the entirety of or any portion of the Project, unless Article 16 is included as a material term of the Contract or lease agreement in question.