Common Contracts
1 similar Payment in Lieu of Taxes (Pilot) Agreement contracts
CITY OF SALEM, MASSACHUSETTSPayment in Lieu of Taxes (Pilot) Agreement • September 9th, 2021
This agreement is the culmination of several months of negotiations with Footprint and represents, I believe, a balance that respects and achieves, to a large degree, the objectives of each party. It grows our tax base, substantially protecting our residential taxpayers, while also not encumbering the project with costs beyond what could be supported by anticipated plant revenues. These were competing goals that, in the end, I feel were adequately achieved.
