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FINANCIAL_SERVICESAPPROVED

town-of-clifton-park-town-board-meeting-agenda-november-3-2025_8a6.pdf

Town approves 15-year solar PILOT with DG Cooley

$5,000 per Megawatt AC of capacity per year, escalating 2% annually for 15 years (5 MW project; Year 1 total $25,000 split equally between Town and School District)Town of CliftonDG COOLEY LLCNovember 3, 2025

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Description

The Town of Clifton Park approved a 15‑year Payment in Lieu of Taxes agreement with DG Cooley, LLC for a 5 MW solar project on MacElroy Road. The deal sets annual payments of $5,000 per MW with 2% yearly increases, split equally between the Town and Shenendehowa Central School District.

Contract Details

Contract Amount

$5,000 per Megawatt AC of capacity per year, escalating 2% annually for 15 years (5 MW project; Year 1 total $25,000 split equally between Town and School District)

Vendor

DG COOLEY LLC

Agency

Town of Clifton, NY

Contract Type

FINANCIAL_SERVICES

Document Date

November 3, 2025

Contract Term

15 years from Effective Date October 7, 2025

Renewal Date

2040-10-07

Renewal Info

Fixed 15-year PILOT schedule with 2% escalator; no renewals or extensions mentioned in the agenda text.

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