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 located at 2500 Buena Vista Pike, known as Encore on Buena Vista. The agreement allows the agency to accept payments instead of traditional ad valorem 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 2500 Buena Vista Pike known as Encore on Buena Vista.
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 Encore on Buena Vista housing project.
- 3Application of the PILOT agreement specifically to the multi-family housing project at 2500 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 a multi-family housing project located at 2500 Buena Vista Pike, known as Encore on Buena Vista. The agreement allows the agency to accept payments instead of traditional ad valorem taxes for the project.
Activity timeline
- New documentImpact 10
New other: Agreement
Legislative history
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