Covington council approves resolution delegating PILOT authority to Industrial Development Board
The Covington Board approved Resolution 1132026 to delegate authority to the Industrial Development Board to negotiate and execute payments-in-lieu-of-tax (PILOT) agreements. The addition of the resolution was moved onto the agenda at City Attorney Rachel Simmons' request and passed without recorded opposition.
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City Attorney Rachel Simmons asked the council to add a Charms Pilot resolution to the agenda, citing prior authorization given last year to allow the Industrial Development Board to negotiate a Charms Pilot Agreement. Alderman C H Sullivan moved to accept the request and Alderman Jeff Morris seconded; the council approved adding the item to tonight's agenda.
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