Revenue Commissioner Randy Hoffbeck announced the agreement after yesterday’s meeting, saying the state will collect the payments. The payments include $800 million worth of”impact” payments, which will help communities along the pipeline route cope with the impacts of construction. Kenai Peninsula Borough Mayor Mike Navarre was at yesterday’s Municipal Advisory Group meeting in Fairbanks and said the tax system were split geographically. Mayor Navarre: “It’s actually in three parts, there’s a gas treatment plant on the North Slope, there’s the LNG facility which will be in Nikiski in the Kenai Borough, and then the pipeline. So separating it into three separate portions of the project so that the PILT will have some relationship to where the asset is actually sited.” FacebookTwitterEmailPrintFriendly分享The Big 3 oil companies have reached an agreement with municipalities from the North Slope to the Kenai Peninsula on how property taxes will be paid for the AK LNG Project. The Payment In Lieu of Taxes will see BP, ConocoPhillips, and Exxon-Mobil pay about $16 billion over the 25-year life of the Project. The issue will now be presented to the various local governments, including the Kenai Peninsula Borough Assembly.