Revenue from Payments In Lieu Of Taxes (PILOT) increased last year by 30 percent, about $845,000, and this year’s municipal budget anticipates another increase of 26 percent, or almost $720,000.
Continue reading A closer look at PILOTS in 2024 municipal budget
City Council finalized changes to a parking financial agreement with developers of the Mint that provided some $300,000 in lieu of nearly 60 parking spaces.
City Council approved the transfer of The Mint’s financial agreement with the city, including the 30-year Payment In Lieu of Taxes (PILOT), paving the way for a likely sale of the 225-unit building soon.
A mural along the side of a new downtown development will be extended to another ground-floor wall of the building.
Continue reading City finalizes mural agreement with The Mint
The Mint, a new 225-unit complex downtown, is at nearly 100 percent occupancy across its two buildings — and has been for sale for months.
Continue reading Nearly fully occupied, The Mint is for sale
Is there a better time than August for a sweet treat to beat the heat?
Continue reading Poll: Favorite sweet treat to beat the summer heat
Murals are in the works for at least three locations in the city, gaining approvals from City Council and the Planning Board.
The 2023 municipal budget anticipates almost $3 million in revenue from Payments In Lieu Of Taxes (PILOT), an increase of almost a half-million dollars.