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Board approves assignment of PILOT for 1400 Chestnut to acquiring owner
2213033 · January 27, 2025
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Summary
The board authorized execution of assignment and assumption documents transferring the 1400 Chestnut payment‑in‑lieu‑of‑taxes (PILOT) agreement to a new owner, Hamilton Zanz; the acquiring firm said it will honor existing affordability and pilot terms.
The Health, Education and Housing Facilities Board voted to authorize the chair or vice chair to execute assignment and assumption documents transferring the PILOT (payment in lieu of taxes) agreement for the 1400 Chestnut multifamily development to the acquiring entity, Street 1400 Chestnut LLC’s…
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