Agenda Text
title
That the Administration implement a PILOT program to promote partnerships with major local non-profit institutions for fair-value voluntary PILOTs.
body
Official Text
That the Administration implement a PILOT program to promote regular open communication and partnership between the city and major, local non-profit institutions, so that the city might establish the criteria for participation by institutions, calculate the fair value for city services provided to tax-exempt property owners, assess the value of exempt properties and lost tax revenues and evaluate credits for community partnership and economic benefits provided by the institutions, so that a fair value for voluntary PILOTs may be suggested and negotiated.