04:19During the meeting, it was revealed that Madison Energy Investments had not initially approached the town for a PILOT agreement before their solar installation became operational. The town had incurred expenses for an appraisal to assess the value of the solar project. The company is now seeking a PILOT agreement, which would provide them with predictable tax payments over a specified period. However, the board is cautious, given the lack of initial communication from Madison Energy Investments and the expenses already incurred.

The board discussed the possibility of the company covering legal and appraisal fees as part of any future agreement. The town has previously required companies to cover such costs in similar situations. There was also discussion about ensuring funds are set aside for decommissioning the installation, a measure to protect the town financially if the company were to abandon the site in the future.

The board plans to consult with Matt Thomas, a legal expert previously engaged in solar matters, to explore the best course of action. This consultation aims to ensure the town makes an informed decision that secures guaranteed revenue while protecting its interests.