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Adjusted
<br /> PILOT
<br /> Payment
<br /> (2.5%
<br /> annual
<br /> increase;
<br /> 13.6%
<br /> increase Annual
<br /> allocated Payment: Adjusted
<br /> 7%in Yr. 3 Affordable Adjusted PILOT+
<br /> and 6.6%in Housing PILOT+ Affordable
<br /> Yr. 14;3% Adjusted Mitigation Affordable Housing
<br /> PILOT PILOT PILOT Affordable Payment Housing Payment$
<br /> Est Status Quo PILOT increase $per unit- Housing $per Payment for per unit-
<br /> Est Project Fiscal (3%annual Status Quo begins in with Mitigation unit-with 351 Units with
<br /> Year Year increase) $per unit Yr.18) expansion Payment expansion (F+H) expansion
<br /> YR 10 FY 29 709,001 2,295 715,600 2,039 146,033 416 861,633 2,455
<br /> YR 11 FY 30 730,271 2,363 733,490 2,090 150,414 429 883,904 2,518
<br /> YR 12 FY 31 752,179 2,434 801,448 2,283 154,926 441 956,374 2,725
<br /> YR 13 FY 32 774,744 2,507 821,484 2,340 159,574 455 981,058 2,795
<br /> YR 14 FY 33 797,987 2,582 842,021 2,399 164,362 468 1,006,383 2,867
<br /> YR 15 FY 34 821,926 2,660 863,072 2,459 169,292 482 1,032,364 2,941
<br /> Subtotal-
<br /> 15 Year
<br /> Agreement
<br /> for
<br /> Housing 10,106,467 10,481,065 2,081,631 12,562,696
<br /> YR 16 FY 35 846,584 2,740 888,964 2,533 - - 888,964 2,533
<br /> YR 17 FY 36 871,982 2,822 915,633 2,609 - - 915,633 2,609
<br /> YR 18 FY37 898,141 2,907 943,102 2,687 - - 943,102 2,687
<br /> YR 19 FY38 925,085 2,994 971,395 2,768 - - 971,395 2,768
<br /> YR 20 FY39 952,838 3,084 1,000,537 2,851 - - 1,000,537 2,851
<br /> Total over
<br /> 20 Yrs. 14,601,098 15,200,694 17,282,325
<br /> Note that the total dollar amount of the PILOT to be paid by Brookhaven increases from the
<br /> status quo (if there were no expansion) beginning in FY20, but on a per-unit basis it decreases.
<br /> Note also that beginning in FY35, after the Affordable Housing Mitigation Payments have been
<br /> completed, the PILOT payment will continue to be slightly higher in total dollar amount but
<br /> lower on a per-unit basis than it would have been if no expansion had occurred.
<br /> 4
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