ARTICLE 2: To see if the Town will vote to authorize a PILOT payment based on the annual kilowatt sales of the Light Department multiplied by a per kilowatt value. from the Municipal Light Plant Funds, to the town treasury, as authorized by its Light Board in accordance with Chapter 164 of the General Laws of the Commonwealth, or act in relation thereto.
(Requested by the Municipal Light Department)
SELECTMEN RECOMMEND: YES
CAPITAL PLAN. COMM. RECOMMEND: N/A
ADVISORY BD. RECOMMEND: YES
TAX RATE IMPACT: N/A
Brief Explanation: The PILOT agreement is tied to the Pilot payment in the annual kilowatt sales of the light department multiplied by a per kilowatt value. This was put in place for FY13 to ease the calculation and establish a standard process for future years. In FY13 it is estimated we will receive $66,345. ARTICLE 2 VOTED: On motion of Richard Sicard it was moved that articles 1 through 8 be approved by consent. Unanimous “YES”