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Dos Rios board rejects Confluence Center PILT exemption request, motion fails 5–1
Summary
The Dos Rios General Improvement District board voted against an exemption request from the Confluence Center to waive payment‑in‑lieu‑of‑taxes. Board members and staff said covenants and bond‑market reporting risks make an exemption problematic; the motion to grant the exemption failed 5–1.
Grand Junction — The Dos Rios General Improvement District board declined a request from the Confluence Center of Colorado Inc. to exempt nonprofit tenants from payment‑in‑lieu‑of‑taxes (PILT), voting against a motion to grant the exemption at its Dec. 3 meeting.
Rusty Lloyd, president of the Confluence Center board, asked the board to exempt the center from PILT or to support annual relief, saying nonprofits could be ‘‘crushed’’ if the mill levy rose substantially in the event of a development default. ‘‘Those precious small resources that we have as nonprofits can go towards programming, and can go to the community benefit that was at the premise of…
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