Town of Islip Agenda Packet 2026-05-19
V.R.D. Contracting Included in 300 Rabro Tax Amendment
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Description
V.R.D. Contracting Inc.'s space at the 300 Rabro facility is now subject to an amended 10-year PILOT schedule under the Town of Islip IDA. The updated terms synchronize tax benefits with the neighboring 140 Fell Court project.
Contract Details
Vendor
V.R.D. CONTRACTING INC
Agency
Town of Islip, NY
Contract Type
FACILITIES
Document Date
May 19, 2026
Contract Term
Facility lease/leaseback and sublease dated February 1, 2019; amended PILOT 10-year schedule effective July 1, 2026
Renewal Info
V.R.D. Contracting's sublease benefits adjust to the revised 10-year abatement schedule and expanded sales tax exemption pool.
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