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IDA eyes tax breaks to Wicked Jimmy’s, Sheridan solar project

P-J file photo The Chautauqua County Industrial Development Agency will consider a tax break for Wicked Jimmy’s, which is working to open in the former Jamestown Brewing Company location at 115-121 W. Third St., shown in this photo.

A new brewery in Jamestown and a solar project in Sheridan are both being considered for tax breaks.

During the recent Chautauqua County Industrial Development Agency meeting, board members began the process to offer Payment In Lieu Of Taxes agreements to both developments.

Robert Roth, who owns and operates Wicked Warren’s in Warren, Pa. wants to purchase the former Jamestown Brewing Company facility at 115-121 W. 3rd St. and call it “Wicked Jimmy’s.”

The total cost of the project is $2.35 million and would result in the creation of 40 jobs. In January, the county IDA agreed to give Roth a $950,000 loan at 4% interest rate for 20 years.

At the March meeting, it was reported that Roth is now seeking tax incentives. According to Carol Rasmussen with the county IDA, he is seeking a PILOT tax agreement for 10 years. He also asked for waivers in mortgage and sales taxes.

If approved, Rasmussen said Roth would like to start remodeling work in late spring or early summer.

The county IDA passed a “due diligence” resolution, which allows the IDA to begin exploring tax options and schedule a public hearing. A final vote would be needed for any tax agreements to take place.

SHERIDAN SOLAR PROJECT

Erie Coast Solar LLC is seeking a 20-year Payment In Lieu Of Taxes agreement for a 2.2 megawatt solar project on 30 acres off of New Road, Sheridan.

According to IDA officials the Sheridan Town Board has already given its approval for the project.

According to Eamon Riley with East Coast Solar, this is a community solar project. “Community solar, for those who are unfamiliar, will supply energy directly to the local grid, the local distribution network, so all the energy produced by this project will stay local and serve local residents,” he said.

Riley said all of the panels will be made in the United States, specifically North Dakota.

A decommissioning plan has also been submitted and approved by the Sheridan Town Board. The bond is $178,000.

Rosemarie Strandberg with the county IDA said this is a $7.15 million project.

Like Wicked Jimmy’s, the county IDA passed a due diligence resolution, which allows the IDA to begin exploring tax options and schedule a public hearing. A final vote would be needed for any tax agreements to take place.

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