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LeRay to vote on tax break for biomass plant Friday

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The LeRay Town Council will hold a special meeting Friday to vote again on the five-year payment-in-lieu-of-taxes agreement proposed by ReEnergy LLC, Albany, to launch a $34 million project that would retrofit a former coal plant at Fort Drum.

The tax break would give the company a 50 percent average abatement of the plant’s assessed property value of $30 million for the five years, effective 2014.

It will be the second vote on the plan, which was rejected in a 3-2 vote this month. The deal has already been approved by the Jefferson County Board of Legislators and Carthage Central School District.

Councilman William R. Jesmore said ReEnergy has offered a concession for LeRay and said the board is “expected to be receptive to the deal,” but he declined to provide further information. Supervisor Ronald C. Taylor could not be reached Tuesday for comment.

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