Newburgh Proposes One Lafayette LLC PILOT Agreement

The City of Newburgh proposed authorizing a PILOT agreement with One Lafayette LLC for the One Lafayette affordable housing project. Payments would begin at $108,750 annually, increase 3% each year, and continue for 30 years from the first taxable status date after issuance of a permanent certificate of occupancy.

Document date · September 22, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Annual PILOT beginning at $108,750.00 for the first taxable year, increasing 3% annually

Contract type

OTHER

Contract term

30 years measured from the City's first taxable status date following issuance of a permanent certificate of occupancy

Renewal

The agreement provides a 30-year tax exemption and PILOT schedule; it may be amended or terminated only by written instrument executed by the parties, subject to default and compliance provisions.

Document type

AgendaPacket

Source document

City of Newburgh AgendaPacket Council Work Session September 24, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Newburgh?

One Lafayette Llc was awarded this government contract by City of Newburgh, as recorded on September 22, 2026. The contract value is Annual PILOT beginning at $108,750.00 for the first taxable year, increasing 3% annually.

How much is the One Lafayette Llc contract with City of Newburgh worth?

The One Lafayette Llc contract with City of Newburgh is valued at Annual PILOT beginning at $108,750.00 for the first taxable year, increasing 3% annually.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Newburgh AgendaPacket Council Work Session September 24, 2026 (AgendaPacket), dated September 22, 2026 from City of Newburgh. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does One Lafayette Llc hold?

One Lafayette Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View One Lafayette Llc's profile

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