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Broken Bow Council Approves Housing Authority's $23,445.55 PILOT Waiver to Fund Retaining Wall Repair
Summary
The council unanimously approved a request from Broken Bow Housing Authority executive director Brenda Piel to waive $23,445.55 in 2020 PILOT funds to be placed in a CD and used toward repair of a retaining wall bordering Custer Heights along Highway 21.
Broken Bow — The Broken Bow City Council voted July 13 to approve the Broken Bow Housing Authority’s annual report and to waive $23,445.55 in payment-in-lieu-of-taxes (PILOT) funds for 2020 so those funds can be placed in a certificate of deposit to finance repair of a retaining wall along Highway 21 adjacent to the Custer Heights property.
Brenda Piel, executive director of the Broken Bow Housing Authority, presented the report and described the retaining wall repair as a benefit to both the city and the housing authority. Piel asked the council to waive the authority’s 2020 PILOT payment and to permit additional authority funds to be used toward the project.
Councilmember Chris Myers moved to approve the Annual Report and the waiver request; Jacob Holcomb seconded. The motion passed on unanimous roll call (Holcomb, Miller, Schmidt and Myers voting aye). The council’s minutes record the requested $23,445.55 figure and that the funds would be placed into a CD for the project.
The meeting record does not specify a construction timeline, contractor, or an estimated repair start date; those details were not included in the presentation or the motion.
