PILOT - Trustee Blackman shared that the Mayor received and had Clerk Morelli forward to the Board, Attorney and Treasurer a letter from Belmont Management Co, Inc. regarding the need to negotiate an extension of the existing PILOT between the Brockport Village Limited Partnership and the Village of Brockport regarding Park Place Apartments on Park Avenue. She commended Treasurer Hendricks for so quickly putting together a spreadsheet using CPI index figures available.
The Belmont proposal is low as compared to CPI. The current 15 year agreement from 1998-2013 was $450/unit. The Belmont proposal is $550/unit for 4 years then $600/unit for 4 years then $650/unit for 4 years. She suggests $650/unit to start and not such a long contract. She looks forward to Board discussion on this at the next workshop. The hope is to achieve a PILOT agreement that is fair to all.
Editor's note: The subsidized apartment complexes on Park Avenue north of Stull's lumber yard, and on Main Street on the south side of the railroad overpass are Federally subsidized apartment buildings that pay no real estate taxes. In lieu of taxes, these entities have a PILOT (Payment in lieu of taxes) agreement with the Village of Brockport which usually last for a 15 year period. The agreement pertaining to the Park Avenue complex has been in existence since 1998 and paid $450.00 per unit per year to the Village in lieu of taxes. After 15 years this rate is too low and Trustee Blackman is suggesting that it be raised to $650.00 per unit and then tied to the CPI (Consumer Cost Index) index. There are 24 units in the Park Place complex which is managed by the Belmont Management Company. This is excellent work on the part of Trustee Blackman who has taken a leadership role in investigating PILOT agreements with other non profit entities within the Village as well. This is an example of competent and exemplary executive performance on the part of a Village trustee.
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