Without comment from the public or its members, City Council on Monday night unanimously adopted a 20-year Payment In Lieu Of Taxes (PILOT) for The Gramercy.
Continue reading City Council approves Gramercy 20-year PILOT
Gramercy PILOT would shave $100k off tax bill
A proposed PILOT for The Gramercy would stipulate an annual fee of $78,000, about twice as much as the properties currently generate in taxes but about $100,000 less than what the completed project might pay.
Continue reading Gramercy PILOT would shave $100k off tax bill
A closer look at 2016 municipal budget
Three new Payments In Lieu Of Taxes (PILOT) to the city and higher foreclosure registry fees should boost city revenues by some $652,000 in the 2016 budget.
Meridia Water’s Edge sells for $29.3 million
Meridia Water’s Edge, a 108-unit rental building that began leasing two years ago, has sold for$29.328 million, or about $271,556 per unit.
Continue reading Meridia Water’s Edge sells for $29.3 million
Council endorses green building practices
City Council last month approved a resolution endorsing the adoption of green building practices for civic, commercial and residential buildings.
Council pledges sustainable land use
City Council approved a resolution toward sustainable land use, endorsing to follow a variety of principles related to land use, transportation, green design, and regional cooperation.
30-year PILOT considered for The Gramercy
The developer of a 43-unit East Cherry Street project has requested a 30-year Payment In Lieu Of Taxes (PILOT) to be considered by City Council.
City Council introduces 2016 municipal budget
Municipal taxes would rise by about $39 on the average property under a municipal budget introduced by City Council.
Continue reading City Council introduces 2016 municipal budget