143.99
RESOLUTION APPROVING PAYMENT IN LIEU OF TAXES (PILOT)
AGREEMENT BETWEEN WARREN-WASHINGTON COUNTIES
INDUSTRIAL DEVELOPMENT AGENCY AND NORTHEAST POWER
SYSTEMS, INC.
RESOLUTION NO.: 143, 1999
INTRODUCED BY: Mr. Richard Merrill WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Douglas Irish
WHEREAS, Northeast Power Systems, Inc. (NEPSI) plans to construct facilities in the Town
of Queensbury in the Carey Industrial Park and operate a high-tech business, and
WHEREAS, NEPSI has requested an “enhanced” real estate tax abatement for a project being
sponsored by the Warren-Washington Counties Industrial Development Agency (IDA), and
WHEREAS, under the IDA’s uniform policy, the IDA must obtain Town Board approval in
order for the IDA to grant an “enhanced” real estate tax abatement because of the location of the
project, and
WHEREAS, the Town Board has received input from the School District concerning the
proposed approval and has duly considered the School District’s input, and
WHEREAS, the Town Board feels that this particular request should be granted to help foster
economic development and high-tech jobs in the Town and support this new high-tech business
sponsored by the IDA and which will operate in the Town’s Industrial Park,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby approves the Warren-
Washington Counties Industrial Development Agency (IDA) granting a PILOT Agreement to
Northeast Power Systems, Inc., granting an enhanced real property tax abatement to NEPSI as
provided in the IDA’s uniform policy, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes and directs
the Town Supervisor to sign any documentation in form approved by Town Counsel and take such
other and further action necessary to effectuate the terms of this Resolution.
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Duly adopted this 19 day of April, 1999, by the following vote:
AYES : Mr. Merrill, Mr. Turner, Mr. Champagne
NOES : Mr. Irish, Mr. Tucker
ABSENT: None
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