Rivermill Hydroelectric Incorporated PILOT Agreement

The Rivermill Hydroelectric Incorporated PILOT Agreement is a contract between the City of Lebanon and Rivermill Hydroelectric Incorporated, where the company agrees to make annual payments in lieu of taxes on their small power production facility. The payment is based on 5% of the gross revenues of the preceding calendar year and is due on May 1st of each year. The contract also includes an administrative order from the Department of Environmental Services, Water Resources Division, which requires the owner to maintain and repair the dam to ensure public safety. The key aspects of this contract include the payment structure, the maintenance and repair requirements, and the involvement of the City of Lebanon and the Department of Environmental Services. • The contract is for an ongoing duration, with no specified end date. • The payment amount is based on 5% of the gross revenues of the preceding calendar year. • The owner is required to submit a statement of operations annually to determine the payment amount. • The Department of Environmental Services, Water Resources Division, has the authority to inspect the dam and order repairs to ensure public safety. • The owner is responsible for maintaining and repairing the dam, including removing trees and brush from the left abutment and submitting an engineering report on existing concrete deterioration.