Jamestown City Council Agenda February 23 2026
Jamestown Approves 15-Year PILOT with STEL for Affordable Housing
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Description
The City of Jamestown authorized a 15-year PILOT agreement with Southern Tier Environments for Living, Inc. for new affordable housing development at 31, 53, and 55 Water Street, with annual payments of $70,116.48.
Contract Details
Contract Amount
$70,116.48 per year (annual PILOT payment for 15 years)
Vendor
SOUTHERN TIER ENVIRONMENTS FOR LIVING INC
Agency
City of Jamestown, NY
Contract Type
OTHER
Document Date
February 23, 2026
Contract Term
15 years, not to exceed, from substantial completion/certificate of occupancy
Renewal Date
2041-12-31
Renewal Info
PILOT term not to exceed 15 years from effective date of substantial completion; may be revisited and renegotiated after expiration; subject to compliance and periodic reporting.
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