COMIDA PILOT Agreements, Host Community Agreements, and fairlife®
• COMIDA – County of Monroe Industrial Development Agency • Negotiates and awards PILOT Incentive Programs to qualifying businesses • Most of Webster’s PILOT agreements in last 15-yrs have followed “JobsPlus” schedule
• PILOT – “Payment in Lieu of Taxes” • PILOT Programs are structured to accept payments equal to a sliding scale of property taxes over a period of time
From PILOT Program Info Sheet:
How does a Host Community Agreement (HCA) work versus the COMIDA PILOT Program?
Town would collect their full taxes, rather than follow the reduced payment schedule of the COMIDA PILOT program. Voluntary Agreement by property owner
COMIDA Agreements thru 2007 Business Year fairlife® * 2023 URMC Facility on Hard Road 2022 Studco - Seton Properties 2019 Webster Auto Mall 2018 The Marquis at the Woods (Morgan Properties) 2016 East Side Machine Inc 2015 URMC Facility Barrett Dr 2015 The Legends 2013 Webster Auto Mall 2012 Immediate Care - Ridge Road 2011 Studco - Seton Properties 2011 Rose 2009 Ebaum's Webster Ventures 2009 Doodlebugs! 2008 Hampton Inn 2008 Xerox Toner Plant 2007 Holiday Inn 2007 *As of 7/12/2023, fairlife® has not applied to COMIDA
Host Agreement? No Yes Yes No No No Yes No No No No No No No No No
Approximate Full Value $ 650,000,000 $ 7,900,000 $ 7,700,000 $ 2,300,000 $ 19,900,000 $ 1,330,000 $ 2,900,000 $ 11,700,000 $ 3,100,000 $ 2,900,000 $ 4,000,000 $ 2,300,000 $ 3,800,000 $ 3,000,000 $ 5,700,000 $ 22,400,000 $ 9,800,000
3 of 16 COMIDA Program recipients executed a Host Agreement with Town
fairlife® property example 120 acres Undeveloped value = $2,022,300 Developed value = $650,000,000*
Year
Taxable or PILOT Value
Town Revenue
2023
$
2,022,300
$
6,858
$ 65,000,000
$
200,000
$ 130,000,000
$
400,000
2027 (10%) 2028 (20%)
*Assumed assessment valuation equals projected project cost, construction is completed on schedule, and fairlife executes the standard “JobsPlus” PILOT agreement
2023 Top Ten Town Taxpayers full market value Xerox (Total) $ 75,502,414 RG&E (Total) $ 67,810,341 COR Holt Rd (Total) at Town Center $ 62,159,005 MC Webster Holding LLC (Total) at Winding Creek $ 39,522,414 Tessy Webster Facility LLC (Total) $ 31,497,931 Wegmans Food Markets (Total) $ 23,702,759 Webster Green Apartments (Total) $ 22,125,000 Oakmonte (Total) $ 17,679,310 Morgan Waverly Realty (Total) $ 17,303,448 Country Manor (Total) $ 16,425,000 *Assumed fairlife® assessment valuation equals projected project cost
Fairlife* @ 100% valuation = $650M Fairlife* @ 10% valuation = $65M