Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Century Motors seeks 15-year PILOT for $6 million of equipment; council discusses shorter terms, requests payment history
Summary
Century Motors requested a 15-year payment-in-lieu-of-taxes (PILOT) for a $6 million equipment investment; council members asked staff to research prior payments and to consider shorter terms and clawback provisions.
Council discussed a request from Century North Motors (Century Motors) for a 15-year payment-in-lieu-of-taxes (PILOT) agreement tied to a $6 million investment in equipment.
Scott Collins summarized the request from the Industrial Development Board's attorney: Century Motors seeks a 15-year pilot for $6,000,000 of equipment. Collins said the company employs 87 people and the current submission does…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
