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Tipton County delegates PILOT authority to Covington industrial board
Summary
On Jan. 12 the Tipton County Legislative Body approved Resolution No. 26/01/526, authorizing the Industrial Development Board of Covington to enter into payments-in-lieu-of-taxes agreements, following a motion by Commissioner Michael W. Naifeh and second by Commissioner Richard Kelley.
Tipton County commissioners voted on Jan. 12 to delegate to the Industrial Development Board of the Town of Covington the authority to enter into and execute payments-in-lieu-of-ad-valorem-tax (PILOT) agreements.
On a motion by Commissioner Michael W. Naifeh, seconded by Commissioner Richard Kelley, the legislative body approved Resolution No. 26/01/526. The minutes record the motion and that it passed on a voice vote; no roll-call tally or formal opposition is recorded in the excerpted minutes.
The resolution, as recorded in the minutes, delegates the county's authority to the Covington Industrial Development Board to enter into and execute agreements for payments in lieu of ad valorem taxes. The minutes do not include further detail about the scope, limits, or specific projects subject to the delegated authority.
The action was recorded as a formal resolution (Res. No. 26/01/526) and is entered in the Jan. 12 minutes. The legislative body adjourned at 6:45 p.m.
