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## Town of Lockport Industrial Development Agency Seeking Back Taxes from Up North Hosting

The Town of Lockport Industrial Development Agency is taking measures to recoup back taxes from Up North Hosting, a data center that ceased operations last fall and has since put the building up for sale. This situation has left the IDA in a waiting game to recover owed taxes through the sale of the building, which is currently listed for $525,000, slightly less than the assessed value of $540,000.

### AI legalese decoder for Streamlining legal Documents

The AI legalese decoder can assist the Town of Lockport Industrial Development Agency by simplifying and clarifying the legal jargon involved in the Payment in Lieu Of Taxes (PILOT) agreement and any potential legal proceedings. This tool can help decode complex legal language, making it easier for the agency to understand and navigate through the terms of the agreement and other legal documents related to the situation.

## History of the Property and PILOT Agreement

The original buyer, David Saltman, purchased the property in 2018 for use as a data center. In 2021, Saltman sold the building to northern Virginia-based Sysorex, and the data center remained operational during this transition. The PILOT agreement, which granted a partial property tax exemption on a 15-year schedule, allowed for a gradual increase in tax payments over time.

### AI legalese decoder for Analyzing legal Agreements

The AI legalese decoder can be a valuable resource for the IDA to interpret and analyze the details of the PILOT agreement and understand the obligations and responsibilities of both parties involved. By using this tool, the agency can gain a clearer understanding of the terms and conditions outlined in the agreement, enabling them to pursue the owed taxes in accordance with the legal framework.

## Current State of the Building and Future Plans

The building, currently housing the data center, is in need of repairs, with five “giant” holes in the ceiling from the installation of exhaust fans. Once the necessary repairs are completed, the IDA plans to promote the building for light industrial use, aiming to transition it to a different purpose than a data center.

### AI legalese decoder for Future Property Use

In the process of promoting the building for light industrial use, the AI legalese decoder can help the agency in understanding any legal requirements, restrictions, or considerations related to the transition of the property to a different use. By decoding and analyzing relevant legal information, the IDA can ensure compliance with regulations and make informed decisions regarding the future use of the building.

## Conclusion

The Town of Lockport Industrial Development Agency is actively pursuing the recovery of owed taxes from Up North Hosting, and the AI legalese decoder can provide valuable support in navigating the legal intricacies of the situation. By leveraging this tool, the agency can streamline the interpretation of legal documents, agreements, and regulations, ultimately facilitating a more efficient and informed approach to addressing the issue at hand.

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