RESOLUTION NO. 403
AUTHORIZING A PAYMENT IN LIEU OF TAXES AGREEMENT WITH ALBANY ROAD SOLAR, LLC REGARDING REAL PROPERTY LOCATED AT ALBANY ROAD (TAX MAP NO. 120.00-3-1) IN THE TOWN OF BETHLEHEM
Introduced: 10/14/25
By Audit and Finance Committee:
WHEREAS, The County Executive has requested authorization to enter into a Payment in Lieu of Taxes (PILOT) agreement with Albany Road Solar, LLC regarding the development of a five-megawatt solar energy system located on a parcel of real property on Albany Road (Tax Map No. 120.00-3-1) in the Town of Bethlehem, and
WHEREAS, New York State law exempts the value of a solar panel system from local property taxes for a period of 15 years but also permits taxing agencies to enter into PILOT agreements with solar panel system owners, and
WHEREAS, By Resolution No. 192 for 2021, this Honorable Body established the intent of the County of Albany to enter into PILOT agreements for all new solar energy systems with a capacity of 500 Kilowatts or greater, and
WHEREAS, The proposed PILOT agreement would require an annual payment of $3,500 with a 2% annual escalator clause over a period of 15 years beginning on the first taxable status date following completion of construction, now, therefore, be it
RESOLVED, By the Albany County Legislature that the County Executive is authorized to enter into a PILOT agreement with Albany Road Solar, LLC, New Milford, CT 06776 regarding the development of a five-megawatt solar energy system located on a parcel of real property on Albany Road (Tax Map No. 120.00-3-1) in the Town of Bethlehem, with an initial payment of $3,500, with a 2% price escalator over a period of 15 years, beginning on the first taxable status date following completion of construction, and, be it further
RESOLVED, That the County Attorney is authorized to approve said agreement as to form and content, and, be it further
RESOLVED, That the Clerk...
Click here for full text