TCSD signs 30-year CHPE PILOT with reduced taxes
Town of HagueCity · Hague, NY- Disclosed value
- $122,770 (forecasted first-year TCSD PILOT share); $1,532,592 first-year Essex County PILOT total to be apportioned
- From report
- Document date
- Mar 13, 2025
The 30-second brief
Ticonderoga Central School District entered a 30-year PILOT agreement for the Champlain Hudson Power Express transmission line that provides an estimated $122,770 in first-year school revenue versus roughly four times that amount under full taxation. The deal uses preconstruction cost estimates and back-loaded payments, shifting much of the financial benefit to later years while exempting future cost overruns from local tax rolls.
Champlain Hudson Power Express (Chpe) holds this financial services contract with Town of Hague. Its other public contracts on record include work for Town of Putnam.
Term as filed: 30 years; payments back-end loaded with larger amounts in later years.
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Contract details
- Contract type
- Financial Services
- Amount
- $122,770 (forecasted first-year TCSD PILOT share); $1,532,592 first-year Essex County PILOT total to be apportioned
- Document date
- March 13, 2025
- Term
- 30 years; payments back-end loaded with larger amounts in later years
- Vendor
- Champlain Hudson Power Express (Chpe)
- Agency
- Town of Hague
- Source document
- ticonderoga_central_school_district_pilot_agreemen.pdf (Report)
Champlain Hudson Power Express (Chpe)'s other public contracts
More Town of Hague contracts
Questions about this contract
Who was awarded the financial services contract by Town of Hague?
Champlain Hudson Power Express (Chpe) was awarded this financial services contract by Town of Hague, as recorded on March 13, 2025. The contract value is $122,770 (forecasted first-year TCSD PILOT share); $1,532,592 first-year Essex County PILOT total to be apportioned.
How much is the Champlain Hudson Power Express (Chpe) contract with Town of Hague worth?
The Champlain Hudson Power Express (Chpe) contract with Town of Hague is valued at $122,770 (forecasted first-year TCSD PILOT share); $1,532,592 first-year Essex County PILOT total to be apportioned, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in ticonderoga_central_school_district_pilot_agreemen.pdf (Report), dated March 13, 2025 from Town of Hague. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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