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SCIDA refuses to alter windfarm agreement
A disagreement over the terms of a tax deal for a windfarm development in Prattsburgh will apparently have to be settled in court.
The Steuben County Industrial Development Agency refused to change the terms of a payment-in-lieu-of-taxes agreement Thursday for a 36-turbine project by First Wind, formerly known as UPC.
Attorneys for the Prattsburgh and Naples school districts requested a renegotiation claiming the company should be paying hundreds of thousands of dollars more in taxes. ...The Prattsburgh school district is being shorted about $1 million, school attorneys claim.
May 16, 2008
by Mary Perham
in Corning Leader
A disagreement over the terms of a tax deal for a windfarm development in Prattsburgh will apparently have to be settled in court.
The Steuben County Industrial Development Agency refused to change the terms of a payment-in-lieu-of-taxes agreement Thursday for a 36-turbine project by First Wind, formerly known as UPC.
Attorneys for the Prattsburgh and Naples school districts requested a renegotiation claiming the company should be paying hundreds of thousands of dollars more in taxes.
The tax agreement involves First Wind paying a fixed amount of taxes to the school districts, the town of Prattsburgh and the county over a 20-year period.... [continue via Web link]
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