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Council authorizes $377,000 in one‑time real property tax relief for Avanti Real Estate LLC
Summary
On unanimous votes, the Council approved an emergency declaration and bill allowing the Chief Financial Officer to issue $377,000 in FY26‑budgeted real property tax relief to Avanti Real Estate LLC, a one‑time allocation the sponsor said would not require further emergency legislation.
Councilmember Nadeau said PR26‑376 would allow the Chief Financial Officer to issue $377,000 already allocated in the FY26 budget to Aravanti (Avanti) Real Estate LLC for real property tax relief within the fiscal year. Nadeau described the measure as a one‑time expenditure and said she did not expect a need for further emergency legislation.
Supporters said the action preserves budgeted relief already included in the financial plan and will let the Office of the Chief Financial Officer release funds this fiscal year. The declaration and underlying bill were moved and passed without recorded opposition on the floor.
