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Gardiner council directs staff to draft resale/PILOT language for Libby Hill lots after developers cite permitting delays
Summary
Councilors asked staff to draft and negotiate language allowing a reset of the 24‑month build requirement for certain resales in the Libby Hill Business Park while protecting the city's PILOT revenue; staff will return with a proposal for Lot 18 in the near term.
The Gardiner City Council on Feb. 12 discussed whether to restart or extend the 24-month pilot (payment-in-lieu-of-taxes) buildout timeline when undeveloped lots in the Libby Hill Business Park are resold. Councilors heard from the city’s commercial broker and developers that permitting delays and rising construction costs have made some buyers unable to complete builds within the original 24 months.
Dennis Wheelock, the city’s broker, recommended allowing a new buyer to receive a fresh 24-month period to build while preserving the city’s financial protections. "The…
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