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Committee assigns review of GM Renaissance Center tax status memorandum to OCFO and LPD
Summary
The committee asked staff to return with information about the GM Renaissance Center tax status and outstanding incentives; the item was assigned to the Office of the Chief Financial Officer and the Legislative Policy Division for follow-up.
The Budget, Finance and Audit Standing Committee voted to bring back a memorandum submitted by Council Member Mary Waters regarding the tax status and incentives tied to the GM Renaissance Center.
The chair asked the committee to consider line item 6.1, which the agenda describes as the status of Council Member Mary Waters’s memorandum on the GM Renaissance Center tax status, incentives, current status and outstanding benefits. A motion was made to return the item in two weeks and assign the Office of the Chief Financial Officer and the Legislative Policy Division to prepare responses. The chair amended the assignment to explicitly include the Legislative Policy Division; the motion carried with no objections.
No additional details about specific incentives, tax provisions or timelines were provided in the transcript. The committee recorded no named mover and did not take a roll-call vote during the meeting.
