LI Solar Generation agrees to PILOT payments contract
Riverhead Central School DistrictSchool · Riverhead, NY- Disclosed value
- $8,840,692.39
- From contract
- Document date
- May 4, 2021
- Term
- 15 years
The 30-second brief
Riverhead Central School District has entered into a payment in lieu of taxes (PILOT) agreement with LI Solar Generation, LLC, for a solar energy system project. The agreement specifies annual PILOT payments to be made over 15 years, totaling $8,840,692.39, commencing after the approval of the company's application by the assessor. This will offset the property tax exemption for the solar project.
Li Solar Generation holds this payment in lieu of taxes agreement contract with Riverhead Central School District.
Term as filed: 15 years.
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Contract details
- Contract type
- Payment In Lieu Of Taxes Agreement
- Amount
- $8,840,692.39
- Document date
- May 4, 2021
- Term
- 15 years
- Vendor
- Li Solar Generation
- Source document
- riverhead-central-school-districtcontract2021-05-04_df2.pdf (Contract)
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Questions about this contract
Who was awarded the payment in lieu of taxes agreement contract by Riverhead Central School District?
Li Solar Generation was awarded this payment in lieu of taxes agreement contract by Riverhead Central School District, as recorded on May 4, 2021. The contract value is $8,840,692.39.
How much is the Li Solar Generation contract with Riverhead Central School District worth?
The Li Solar Generation contract with Riverhead Central School District is valued at $8,840,692.39, covering payment in lieu of taxes agreement work.
What type of contract is this?
This is a Payment In Lieu Of Taxes Agreement contract, documented as a contract record.
Where was this contract approved?
This contract appears in riverhead-central-school-districtcontract2021-05-04_df2.pdf (Contract), dated May 4, 2021 from Riverhead Central School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Li Solar Generation hold?
Li Solar Generation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Riverhead Central School District currently buying?
Explore Riverhead Central School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.