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Titus Mt. Vernon requests PILOT extension; board records letter but takes no action
Summary
Board members acknowledged receipt of a letter from Titus Mt. Vernon seeking a PILOT extension. The agency discussed the request but did not take action at the January 8 meeting.
Board members briefly discussed a letter from Titus Mt. Vernon requesting a PILOT extension. The minutes state the board acknowledged the request but "No action was taken." The discussion noted assessment-calculation errors related to the same property from 2022 and that staff will coordinate with the City Assessor.
Because the item was recorded as received but not acted upon, the minutes do not include a motion, vote, or timetable for a response. Members indicated they were aware of developer interest in proceeding with investments and noted the IDA’s process can be time-consuming, which can raise project costs; however, no direction was given to draft an extension or to schedule a hearing on the request at this meeting.
