Town of Islip Agenda Packet 2026-05-19
V.R.D. Contracting Gains From 300 Rabro Tax Amendment
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Description
Under the amended 300 Rabro Drive IDA agreement, V.R.D. Contracting Inc. receives improved property tax abatements and access to expanded sales tax exemptions for facility renovations. The changes align incentives with a neighboring affiliated project.
Contract Details
Contract Amount
Exemptions from sales and use taxes not to exceed $587,496.88 shared for Facility and Neighboring Facility; amended 10-year PILOT schedule benefiting tenants
Vendor
V.R.D. CONTRACTING INC
Agency
Town of Islip, NY
Contract Type
FACILITIES
Document Date
May 19, 2026
Contract Term
Amended 10-year PILOT for 300 Rabro Drive facility
Renewal Info
Benefits extend through the amended 10-year PILOT term; no independent renewal provisions stated.
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