Albion agrees to PILOT with DePaul paying $13K in tax revenue to village, town
ALBION – The Village Board and Town Board have approved a payment in lieu of taxes (PILOT) for DePaul for the organization’s proposed 40-unit housing project on Liberty Street.
DePaul would pay $13,000 in the PILOT, with the village getting the most, $11,653 and the town getting $1,347.
The PILOT revenue split was determined by taking a pro-rated share of each municipality’s tax rates. That was used for the split on the first $10,000. The village has a tax rate of $17.73 per $1,000, while the town rate is $2.75. The village will receive 86.5 percent or $8,653 of the $10,000, plus another $3,000 for the cost of providing fire protection and other emergency services to the site.
The PILOT to be paid by DePaul is similar to what Home Leasing is paying for its 41-unit project at the former Holley High School. Home Leasing is paying $13,500 beginning in 2021. The $13,500 will be shared among Holley Central, the Village of Holley, Orleans County and the Town of Murray.
Rural Opportunities, now PathStone, in 2009 opened the Albion Academy with 30 apartments for senior citizens, as well as space on the first floor for the Office for the Aging and the Arc of Orleans County. The Meals on Wheels and Nutri-faire program is run from the Academy. It has paid $5,800 annually in taxes the past 10 years, with the money split among the Town of Albion, Village of Albion, school district and county.
DePaul has said it is looking to start construction on the Liberty Street project in the fall 2019. Construction of the project includes demolition of three vacant houses.
DePaul wants to have 36 one-bedroom units and four two-bedroom units. The one bedroom units can have up to two people and the two-bedroom apartments have room for up to four people.
DePaul will have staff on site to oversee the apartment complex, and also to take residents to appointments with a DePaul van.
DePaul is designing the project to support people with disabilities, including senior citizens and veterans. The organization will do extensive background checks for credit, criminal and sex offender history and evictions.