Monday, October 19, 2015

"Selectmen are expected to approve agreements with Exelon"

Crowley said in light of the fact that the town has little say in whether the plant is built – aside from a lawsuit that would be ill-advised, according to the town’s consultants – the Payment in Lieu of Taxes (PILOT) and Host Community Agreement are the best deals for the town. 
“There were a lot of disagreements, but at the end, we came to what we thought was the best possible solution for the town,” he said. “There were times I was frustrated.” 
The PILOT calls for more than $75 million to be paid to the town over 20 years, starting when the plant becomes operational, expected in 2018. The document will be voted on at Annual Town Meeting in May.

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