The Harrietstown board has approved a 30-year payment in lieu of taxes agreement with the developers of the 70-unit Saranac Lofts apartment complex proposed on Broadway. According to the Adirondack Daily Enterprise, Kearney Group would pay the town a base of $70,000 for 30 years, with a 2% increase every year, instead of paying full taxes on the property. It’s impossible to know what the property value would be assessed at until the complex is built.
Posted to wslp.vncnews.com
Sep. 29, 2022 1:48 AM CST
by pkilleen