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 Five String Flats located at 0, 127, 131, and 135 Liberty Lane. 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 0, 127, 131, and 135 Liberty Lane known as Five String Flats.
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 Five String Flats project
- 3Application of the agreement specifically to the multi-family housing project at Liberty Lane addresses
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 Five String Flats located at 0, 127, 131, and 135 Liberty Lane. 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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