This resolution authorizes the Metropolitan Development and Housing Agency to negotiate and enter into a Payment In Lieu Of Taxes (PILOT) agreement for a multi-family housing project called Artist Lofts located at 3539 Dickerson Pike. The agreement allows the agency to accept payments instead of traditional ad valorem property taxes for the project.
A Resolution authorizing the Metropolitan Development and Housing Agency to negotiate and enter into a PILOT Agreement and accept payments in lieu of ad valorem taxes with respect to a multi-family housing project located at 3539 Dickerson Pike known as Artist Lofts.
What it does
- 1Authorization for the Metropolitan Development and Housing Agency to negotiate a PILOT agreement
- 2Application of the PILOT agreement to the Artist Lofts multi-family housing project at 3539 Dickerson Pike
- 3Acceptance of payments in lieu of ad valorem taxes for the project
This resolution authorizes the Metropolitan Development and Housing Agency to negotiate and enter into a Payment In Lieu Of Taxes (PILOT) agreement for a multi-family housing project called Artist Lofts located at 3539 Dickerson Pike. The agreement allows the agency to accept payments instead of traditional ad valorem property taxes for the project.
Activity timeline
- New documentImpact 10
New other: PILOT Agreement Exhibit
- New documentImpact 10
New other: PILOT Agreement Exhibit
Legislative history
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