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Police Jury approves Capstone at Cedar Street project and payment in lieu of taxes
Summary
Calcasieu Parish Police Jury adopted a resolution approving the Capstone at Cedar Street project and an annual payment in lieu of taxes related to the development.
The Calcasieu Parish Police Jury on May 22 adopted a resolution approving the Capstone at Cedar Street development project along with an annual payment in lieu of taxes (PILOT) related to the project.
Approving the project and the PILOT authorizes the parish’s participation in the agreement described on the meeting agenda; the PILOT will substitute an agreed annual payment for standard property taxes for the term described in the project documents (the meeting record includes no PILOT amount or term).
Mister Landry, Police Juror, moved to adopt the resolution and Mister Lewis, Police Juror, seconded. The motion carried by general consent; no public comment or roll-call tally appears in the meeting transcript. The Police Jury did not state the payment amount or duration during the meeting; those details will be set in the project documents.
