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Council approves HRA payment-in-lieu and assessment agreements tied to Washington Manor sale
Summary
The council approved a resolution authorizing agreements to reimburse a Housing and Redevelopment Authority payment-in-lieu of taxes and to manage assessments tied to the HRA's purchase and planned rehabilitation of Washington Manor.
The City Council on Tuesday approved a resolution authorizing two agreements with the Housing and Redevelopment Authority (HRA) related to the forthcoming HRA purchase of Washington Manor.
Dana Hilton of the HRA described the documents as a payment-in-lieu-of-taxes (PILOT) reimbursement arrangement and a companion assessment agreement intended to cover a 0% loan from a public utilities fund.…
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