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 Belmont Village Apartments located at 1429 12th Avenue South. It allows the agency to accept payments instead of traditional ad valorem property 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 1429 12th Avenue S. known as Belmont Village 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 Belmont Village Apartments project
- 3Application of the PILOT agreement specifically to the multi-family housing project at 1429 12th Avenue South
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 Belmont Village Apartments located at 1429 12th Avenue South. It allows the agency to accept payments instead of traditional ad valorem property taxes for this development.
Activity timeline
- New documentImpact 10
New exhibit: Exhibit
Legislative history
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