Examples of PILOT Recipient in a sentence
If any taxes are under appeal, please provide comments in the space provided, noting the entity the PILOT Recipient is appealing to, the years under discussion, and the amounts under review.
Please use this form to report transactions between the PILOT Recipient and certified Minority and Woman Owned Small Business Enterprises (“MWBEs”) and Locally Owned Small Businesses (“LOSBs”) during the year.
Net New Jobs in Shelby County shall not include any Full-Time Equivalent Jobs being provided by PILOT Recipient in Shelby County at the time the PILOT Application is submitted to EDGE, including any jobs located at another site in Shelby County at the time of the PILOT Application and moved by PILOT Recipient from said other site(s) in Shelby County to the Project sites(s).
See Note 1 in the PILOT Annual Report Guidelines for additional instructions For additional parcels, please attach page.* Does not include existing real property leased by PILOT Recipient, as reflected in the Community Reinvestment Credit.** If there are additional parcels identified, please include in the above table.
Company Employees3rd Party Contract Employees Number of Employees at the beginning of the year – Insert the total number of Full-Time Equivalent Jobs in existence at the beginning of the year, provided for persons employed by the PILOT Recipient.
If the Project is (i) a manufacturing project with $75,000,000 or more in tangible personal property, or (ii) a Project with 75% of its total Capital Investment in manufacturing machinery or equipment tangible personal property, and the PILOT Recipient spends an amount between 35% and 44% of hard construction costs and site work plus an additional amount between 25% and 34% of real property PILOT savings and an amount greater than or equal to 15% of personal property PILOT savings over the PILOT Term.
The PILOT Recipient and intended assignee must provide written notice of such assignment to EDGE at or before the date of assignment.
PILOT benefits are freely assignable to a Related Party, provided the PILOT Recipient or Sponsor remains legally obligated to EDGE for the performance of all obligations set forth in the Resolution.
If PILOT Recipient or Sponsor fails to file the Annual Report by January 31 of each year, PILOT Recipient shall pay a late fee of Fifty Dollars ($50.00) for each day the Annual Report is late (February 1 or later) until the Annual Report is filed, subject to a maximum fee of Three Thousand Dollars ($3,000) which will accrue interest at the rate of 1.5% per month or the maximum rate allowed by law.
In order to encourage growth locally, each PILOT Recipient shall participate in EDGE’s Local Business Participation Program.