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Assessor: data access and timeline must guide any shorter moratorium
Summary
Shelby County Assessor Jay Bailey told the ad hoc committee his team's financial and compliance review requires clear access to records and an agreed timeline; he said four months could work if boards supply documents on time and approvals are temporarily halted while data are compiled.
Jay Bailey, representing the Shelby County Assessor's Office, told the committee his team has been visiting existing pilot sites and compiling information and that their analysis will focus on statutory objectives, return on investment, and whether promised tenant benefits are being delivered. Bailey said a shorter moratorium could suffice if the committee secures firm commitments from boards to provide the requested records and stops additional approvals while the team collates existing data.
Bailey illustrated the stakes with a hypothetical: "If 1 project is abating 1000000 dollars a year for 15 years... are we seeing $15,000,000 worth of tenant benefits? Or are they 10 years in and there's only been $500,000 worth of tenant benefits?" He and other members recommended attaching a checklist and timeline to the resolution to make the four-month compromise conditional on compliance by the boards. Staff agreed to circulate a draft timeline and checklist for the committee's review.
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