Title
An Ordinance authorizing the City of Lee’s Summit, Missouri to waive the Lee's Summit Housing Authority's payment in lieu of taxes (PILOTS) for the authority’s fiscal year ending September 30, 2025 in the amount of $27,385.54. (F&BC 3-2-26)
Body
Issue/Request:
An Ordinance authorizing the City of Lee’s Summit, Missouri to waive the Lee's Summit Housing Authority's payment in lieu of taxes (PILOTS) for the authority’s fiscal year ending September 30, 2025 in the amount of 27,385.54.
Background:
The Lee's Summit Housing Authority is a tax-exempt agency that operates the 116 units at Lee Haven and Duncan Estates housing developments, to provide low-income housing for residents of the City. The Authority is primarily dependent on U.S. Department of Housing and Urban Development for funding. The City and the Lee's Summit Housing Authority have an agreement that requires the Authority to make a Payment in Lieu of Taxes (PILOT) to the City each year equal to the lesser of (i) 10% of the total of the total rental payments minus utility expenses or (ii) the Authority's estimated County property taxes.
For more than 15 years, the Housing Authority has requested the City waive the PILOT payment in order to use the monies to maintain and improve the facilities and keep costs as low as possible for its residents.
The Lee's Summit Housing Authority has requested the City waive the 2025 PILOT payment in the amount of $27,385.54.
Proposed Committee Motion: I move to recommend to the City Council for approval an Ordinance authorizing the City of Lee's Summit, Missouri to waive the Lee's Summit Housing Authority's Payment in Lieu of Taxes (PILOT) payment for the Authority's fiscal year that ended September 30, 2025 in the amount $27,385.54.
Proposed City Council Motion:
I move to recommend to the City Council for approval an Ordinance authorizing the City of Lee's Summit, Missouri to waive the Lee's Summit Housing Authority's Payment in Lieu of Taxes (PILOT) payment for the Authority's fiscal year that ended September 30, 2025 in the amount $27,385.54.
Impact/Analysis:
The City has not budgeted the receipt of the PILOT as revenue in anticipation of a waiver request from the Housing Authority.
Presenter
Briana Burrichter, Finance Director
Recommendation
Staff recommends approval.
Committee Recommendation