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County IDA approves Ginsberg's PILOT deal

Nov 06, 2014 9:35 am
Arthur Cusano is reporting in the Register Star the Columbia County Industrial Development Agency unanimously approved a new PILOT, or payment in lieu of taxes, agreement with Ginsberg's Foods, Wed., Nov. 5. The meeting was held at the West Ghent firehouse. Very few members of the public were in attendance, according to Cusano. The agency granted the benefits to the food distribution company in support of its pending expansion project. The agency also chose not to renew the existing PILOT agreement on the company's existing facility, when it expires at the end of 2014. Under the new agreement, Ginsberg's will pay no property taxes during the first six years of phase 1 of the project. Taxes will increase up to 50 percent in year seven, with incremental increases up to year 12, when the company will be liable for the full tax bill. A similar agreement was put into place for phases 2 and 3 of the project, when a certificate of occupancy is issued. The company must complete phase 1 within three years or the agreement will be cancelled. The agreement would also end if the company ceases to do business in Columbia Co., or if the Ginsberg family loses the majority share of the company. IDA Executive Director Ken Flood said including Ginsberg's, six PILOT agreements will be in effect countywide in 2015. The others are BAC Sales of Hudson, 2990 Realty of Hudson, Mario’s Hardware of Valatie, American Bio Medica Corporation of Kinderhook and Premiere Brands of America Inc. of Hudson. The agency cancelled a PILOT agreement with the Hudson Park entertainment center located on the Greenport/ Livingston border in 2013, Flood said. The plans for Ginsberg's new facility must be approved by the Ghent and Claverack planning boards, which will meet together Nov. 10 in Claverack. Read the full story in the Register Star.
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