Dartmouth-Hitchcock Medical Center PILOT Agreement

The Dartmouth-Hitchcock Medical Center PILOT Agreement is a contract between the City of Lebanon and the Medical Center, which includes Mary Hitchcock Memorial Hospital, Dartmouth-Hitchcock Clinic, Dartmouth-Hitchcock Medical Center, and Trustees of Dartmouth College. The agreement outlines the terms of a Payment in Lieu of Taxes (PILOT) program, where the Medical Center makes annual payments to the City in exchange for tax exemptions on certain properties. The agreement includes provisions for calculating the annual payments, which are based on the value of the exempt properties and the tax rate set by the City. The agreement also includes provisions for reviewing and updating the list of exempt properties, as well as for resolving disputes. Key aspects of the contract include: * The Medical Center will make annual payments to the City, which will be calculated based on the value of the exempt properties and the tax rate set by the City. * The agreement includes a list of exempt properties, which will be reviewed and updated annually. * The Medical Center will provide financial support to the City for certain community programs, such as the Mobile Integrated Healthcare - Community Paramedicine program. * The agreement includes provisions for resolving disputes, including a process for reviewing and updating the list of exempt properties.