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Attorneys paid big bucks for PILOT

Watertown Daily News|Nancy Madsen|March 14, 2010
New YorkTaxes & Subsidies

By October, the Jefferson County Industrial Development Agency had paid its consultants about $38,000 to develop a model property tax exemption policy for wind power developments. But the big money paid to JCIDA attorneys came after Oct. 6, and that number will remain secret because it has been paid by the company bringing Galloo Island Wind Farm to Jefferson County.


JCIDA chief estimates developer, agency spent at least $200,000 on tax exemption policy

By October, the Jefferson County Industrial Development Agency had paid its consultants about $38,000 to develop a model property tax exemption policy for wind power developments.

But the big money paid to JCIDA attorneys came after Oct. 6, and that number will remain secret because it has been paid by the company bringing Galloo Island Wind Farm to Jefferson County.

JCIDA Chief Executive Officer Donald C. Alexander has estimated that $200,000 was spent by all parties on the payment-in-lieu-of-taxes agreement.

"In the first phase, it was the IDA's responsibility to figure out how to develop" the policy, Mr. Alexander said. "The money was …

... more [truncated due to possible copyright]
JCIDA chief estimates developer, agency spent at least $200,000 on tax exemption policy

By October, the Jefferson County Industrial Development Agency had paid its consultants about $38,000 to develop a model property tax exemption policy for wind power developments.

But the big money paid to JCIDA attorneys came after Oct. 6, and that number will remain secret because it has been paid by the company bringing Galloo Island Wind Farm to Jefferson County.

JCIDA Chief Executive Officer Donald C. Alexander has estimated that $200,000 was spent by all parties on the payment-in-lieu-of-taxes agreement.

"In the first phase, it was the IDA's responsibility to figure out how to develop" the policy, Mr. Alexander said. "The money was absolutely necessary to be spent because the community deserved to have the best legal minds on this issue we could find."

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Source:http://www.watertowndailytime…

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