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Council conducts first reading of ordinance setting application standards for property tax-exemption pilots
Summary
Council held first reading of Ordinance 625 to add an application procedure and standards for property tax-exemption pilot projects; members debated whether language allows needed discretion for future projects.
The Wyoming City Council conducted a first reading of Ordinance 625, which would amend Chapter 2, Article 4, Division 3, Section 2-283 of the City Code to create an application procedure and standards of review for property tax-exemption pilot projects (commonly called PILOTs).
City staff said the ordinance formalizes guidance discussed at a prior work session and sets objective standards for exceptions, including requirements such as a minimum share of market-rate units, high-quality building facades…
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