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Selectmen request legal review and public hearing for proposed 60 Church Street PILOT; developers say agreement aids financing
Summary
The selectmen reviewed a proposed payment-in-lieu-of-taxes (PILOT) request under Conn. Gen. Stat. 12-65b from Commons Community Development Corporation for a proposed multi-unit development at 60 Church Street, approved an amendment to move the process forward with legal review and a public hearing and asked staff to finalize agreement language.
The Hebron Board of Selectmen reviewed a proposed 30-year payment-in-lieu-of-taxes (PILOT) agreement requested by the Commons Community Development Corporation for a proposed development at 60 Church Street and voted to move the item forward with additional legal review and a public hearing.
The resolution read at the meeting invoked Connecticut General Statutes section 12-65b, the state law that authorizes local agreements for tax relief to support certain housing projects. Several members said the draft agreement they received the night of the meeting included improvements from earlier drafts but…
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