Supervisor ARGOTSINGER offered the following Resolution and moved its adoption:

RESOLUTION REQUIRING A PILOT AGREEMENT FOR TK NYS SOLAR HOLDCO, LLC
LOCATED ON PARCELS 135.-1-65.1/999 AND 135.-1-65.1/9999 (TOWN OF
JOHNSTOWN) AND PARCEL 125.-1-19.1/9999 (TOWN OF OPPENHEIM)


WHEREAS, TK NYS SOLAR HOLDCO, LLC purchased three (3) solar farms from BorregoSolar in the Towns of Johnstown and Oppenheim; and

WHEREAS, previous owner Borrego, had neglected to negotiate Section 487 PILOT Agreements
for said projects; and

WHEREAS, TK NYS SOLAR HOLDCO, LLC approached the County to rectify the situation and
has proposed Payment in Lieu of Taxes (PILOT) Agreements with the County of Fulton and the
respective towns in accordance with NYS Real Property Tax Law (RPTL) Section 487; and

WHEREAS, the Finance Committee recommends a PILOT Agreement based on a pro-rated
sharing of the Annual Total Tax Rate wherein the PILOT payment shall be between participating
taxing jurisdictions based upon the amount of $8,000.00 per Megawatt of capacity with a 2 percent
escalator per year for 15 years, matching the tax exemption period in RPTL Section 487 for such
energy projects; now, therefore be it

RESOLVED, That the annual PILOT payment shall be calculated in the amount of $8,000.00 per
Megawatt shared between the taxing jurisdictions of County of Fulton and the respective towns in
proportion to each jurisdictions annual Tax Rate compared to Total Tax Rate of all jurisdictions
participating in the PILOT; and, be it further

RESOLVED, That for purposes of example, pro-ration would be as follows for year 1
(Parcel #135.-1-65.1/999):

                                                                         Tax               Percent of               Estimated
 Tax Year                 Jurisdiction                       Rate             Total Rate                Payment
    2018               County of Fulton                  $13.01              83.08%               $13,292.46
    2018             Twn. of Johnstown                 $ 2.65               16.92%                   2,707.54
                                                                       $29.96                  100%               $16,000.00

and, be it further

RESOLVED, That for purposes of example, pro-ration would be as follows for year 1
(Parcel #135.-1-65.1/9999):

                                                                         Tax              Percent of               Estimated
  Tax Year               Jurisdiction                        Rate            Total Rate                Payment
     2018              County of Fulton                 $13.01              83.08%               $13,292.46
     2018            Twn. of Johnstown                 $ 2.65              16.92%                   2,707.54
                                                                       $29.96                 100%               $16,000.00

and, be it further

RESOLVED, That for purposes of example, pro-ration would be as follows for year 1
(Parcel #125.-1-19.1/9999):
 
                                                                        Tax              Percent of               Estimated
  Tax Year               Jurisdiction                       Rate             Total Rate               Payment
     2018              County of Fulton                $18.05                60.25%               $ 9,639.52
     2018            Twn. of Oppenheim              $11.91               39.75%                  6,360.48
                                                                      $29.96                  100%              $16,000.00
 
and, be it further

RESOLVED, That the Chairman of the Board be and hereby is authorized to sign a contract
between TK NYS SOLAR HOLDCO, LLC and the Board of Supervisors and the Town of
Oppenheim to enact a PILOT Agreement for a 2-Megawatt Solar Array Farm (Parcel 125.-1-
19.1/9999) in the Town of Oppenheim; in accordance with the terms and conditions outlined
herein; and, be it further

RESOLVED, That the Chairman of the Board be and hereby is authorized to sign a contract
between TK NYS SOLAR HOLDCO, LLC and the Board of Supervisors and the Town of
Johnstown to enact PILOT Agreements for a 2-Megawatt Solar Array Farm (Parcels 135.-1-
65.1/999 and 135.-1-65.1/9999) in the Town of Johnstown; in accordance with the terms and
conditions outlined herein; and, be it further

RESOLVED, That said contract is subject to the approval of the County Attorney; and, be it further

RESOLVED, That certified copies of this Resolution be forwarded to the County Treasurer, TK
NYS SOLAR HOLDCO, LLC, Town of Oppenheim Assessor, Town of Johnstown Assessor, Real
Property Tax Services Agency Director, Budget Director/County Auditor and Administrative
Officer/Clerk of the Board.

Seconded by Supervisor WILSON and adopted by the following vote:
Total: Ayes: 20 Nays: 0

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