{"id":16016,"date":"2015-10-22T09:55:28","date_gmt":"2015-10-22T13:55:28","guid":{"rendered":"http:\/\/www.wrfalp.com\/?p=16016"},"modified":"2015-10-22T09:58:44","modified_gmt":"2015-10-22T13:58:44","slug":"ida-approves-pilot-agreement-with-wind-farm-developer-lease-agreement-for-rae-foods-equipment","status":"publish","type":"post","link":"https:\/\/www.wrfalp.com\/ida-approves-pilot-agreement-with-wind-farm-developer-lease-agreement-for-rae-foods-equipment\/","title":{"rendered":"IDA Approves PILOT Agreement with Wind Farm Developer, Lease Agreement for Rae Foods Equipment"},"content":{"rendered":"
The Chautauqua County IDA Board of Directors during its October 2015 meeting.<\/em><\/p><\/div>\n JAMESTOWN – The effort to develop the largest wind farm in Chautauqua County is one step closer to becoming a reality.<\/p>\n On Wednesday the Chautauqua County Industrial Development Agency<\/strong> approved a $316,800 Payment in Lieu of Taxes (PILOT) agreement for EDP Renewables North America<\/a><\/strong> to build a $150 million wind farm in Arkwright consisting of 36 Wind Turbines.<\/p>\n The turbines will be located primarily on private property, and the property owners will continue to pay full value tax payments. The PILOT only covers the taxes for the new turbines and would be paid each year for 30 years, split between the county, township and three school districts. IDA executive director Kevin Sandvidge<\/strong> says, however, that a tax abatement will be gradually phased out with the EDP Renewables eventually paying taxes on the turbines.<\/p>\n “The PILOT will go to the five jurisdictions,” Sanvidge said. “An annual payment of $81,000 will go to the county and a payment of $57,000 will go to the town. The remaining money will be split between the three school districts of Forestville, Pine Valley and Fredonia.”<\/p>\n EDP Renewables project manager Jeffrey Nemeth<\/strong> said in addition to the PILOT, the company will also make an annual land use payment of $500,000 to the various property owners who are involved. And the company is also investing in upgrading several roads in the town, so that workers can have better access to the locations where the turbines will be put up.<\/p>\n<\/a>