Examples of Town PILOT in a sentence
The program will redirect a portion of Town PILOT payments and a portion of School District PILOT payments (to be paid by End Users in connection with the Lots) to the Fund to be used for Eligible Projects.
As the Fund Administrator, XXXX shall be responsible for depositing the Fund’s share of Town PILOT payments and School District PILOT payments made by End Users to a dedicated, interest-bearing depository account (the “Fund Account”) to be established at the banking institution at which XXXX regularly maintains its accounts.
For the County PILOT, the Town PILOT and the School District PILOT, the PILOT shall be equal to the full amount of taxes that would have been levied upon the Facility and Additional Facilities, up to an assessed value of $1,675,000.00 if the Facility and Additional Facilities were owned by the Company and the Agency had no ownership interest.
For the County PILOT, the Town PILOT and the School District PILOT, the PILOT shall be equal to the full amount of taxes that would have been levied upon the Phase II Facility and Additional Facilities, up to an assessed value of $277,854 if the Phase Facility and Additional Facilities were owned by the Company and the Agency had no ownership interest.
In the event that the PPRA Costs are less than the amount of the Effective Date Town PILOT Payment, the Town shall nevertheless be entitled to retain the remaining balance and the Company shall not be entitled to a refund of any portion of the Effective Date Town PILOT Payment.
Upon each application of all or a portion of the Effective Date Town PILOT Payment by the Town towards PPRA Costs the Town shall deliver to the Company copies of the paid invoices and/or receipts for PPRA Costs indicating how much of the Effective Date Town PILOT Payment was used for the payment of such PPRA Costs.
To the extent PPRA Costs exceed the amount of the Effective Date Town PILOT Payment, the Company shall pay such excess within thirty (30) days following its receipt, from time to time, of the Town's invoices for the same.
For the County PILOT, the Town PILOT and the School District PILOT, the PILOT shall be equal to the full amount of taxes that would have been levied upon the Phase II-B Facility and Additional Facilities, up to an assessed value of$[44,207.79] if the Phase II-B Facility and Additional Facilities were owned by the Company and the Agency had no ownership interest.
For the County PILOT, the Town PILOT and the School District PILOT, the PILOT shall be equal to the full amount of taxes that would have been levied upon the Facility and Additional Facilities, up to an assessed value of $5,000,000.00 if the Facility and Additional Facilities were owned by the Company and the Agency had no ownership interest.
For the County PILOT, the Town PILOT and the School District PILOT, the PILOT shall be equal to the full amount of taxes that would have been levied upon the Facility and Additional Facilities, up to an assessed value of $4,498,362, if the Facility and Additional Facilities were owned by the Company and the Agency had no ownership interest.