Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing topic
No spam. Unsubscribe anytime.
Council approves housing authority request to waive 2020 PILOT payment for retaining-wall repair
Summary
Broken Bow City Council unanimously approved a Broken Bow Housing Authority request to waive a $23,445.55 2020 PILOT payment so the money can be placed in a certificate of deposit to help fund repair of a retaining wall along Highway 21 bordering Custer Heights.
The Broken Bow City Council on July 13 unanimously approved a request from the Broken Bow Housing Authority to waive the 2020 Payment In Lieu Of Taxes (PILOT) payment of $23,445.55 so the funds can be placed in a certificate of deposit to finance repair of a retaining wall along Highway 21 at the east side of the Custer Heights property.
Broken Bow Housing Authority Executive Director Brenda Piel presented the annual housing authority report and told the council the retaining wall project would be a benefit to both the city and the housing authority. The council moved to approve the Annual Report and the waiver on a motion by Councilmember Chris Myers, seconded by Councilmember Jacob Holcomb; the roll-call vote was Miller, Schmidt, Holcomb and Myers voting aye and no nays recorded.
City officials did not specify a construction timeline or contractor in the meeting minutes. The waiver authorizes using the specified 2020 PILOT funds for the retaining-wall project by placing the money in a certificate of deposit; further details on how funds will be spent or matched were not provided in the record.
The council completed other routine business at the July 13 meeting and adjourned at 6:17 p.m.
