This contract is a Payment in Lieu of Taxes (PILOT) Agreement between the City of Lebanon and ReVision Solar Impact Partners LLC. The agreement requires ReVision to make payments to the City in lieu of taxes on the solar photovoltaic arrays that they will be constructing and operating at eight separate sites in the City of Lebanon. The payments will be based on the gross revenue of the project, and the agreement will be in effect for a period of six years. The City of Lebanon will use the payments to offset the costs of providing services to the project. The contract also includes provisions for auditing and dispute resolution.
• The contract is for a period of six years, with the option to renew.
• The payments will be based on the gross revenue of the project.
• The agreement includes provisions for auditing and dispute resolution.
• The City of Lebanon will use the payments to offset the costs of providing services to the project.
• The contract includes a minimum annual payment of $4,000.
• The agreement is subject to the laws of the State of New Hampshire.