This resolution authorizes the Metropolitan Development and Housing Agency to negotiate and enter into a Payment In Lieu Of Taxes (PILOT) agreement for the Buena Vista Apartments, a multi-family housing project located at 2122 Buena Vista Pike. It allows the agency to accept payments instead of traditional ad valorem taxes for this development.
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 2122 Buena Vista Pike known as Buena Vista Apartments.
What it does
- 1Authorization for the Metropolitan Development and Housing Agency to negotiate a PILOT agreement.
- 2Acceptance of payments in lieu of ad valorem taxes for the Buena Vista Apartments project.
- 3Application specifically to the multi-family housing project at 2122 Buena Vista Pike.
This resolution authorizes the Metropolitan Development and Housing Agency to negotiate and enter into a Payment In Lieu Of Taxes (PILOT) agreement for the Buena Vista Apartments, a multi-family housing project located at 2122 Buena Vista Pike. It allows the agency to accept payments instead of traditional ad valorem taxes for this development.
Activity timeline
- New documentImpact 10
New other: Agreement
Legislative history
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