Title
AN ORDINANCE AUTHORIZING THE WAIVER OF LEE’S SUMMIT HOUSING AUTHORITY’S PAYMENT IN LIEU OF TAXES FOR FISCAL YEAR ENDED SEPTEMBER 30, 2016 IN THE AMOUNT OF $33,874.16. (F&BC 3-6-17)
Body
Issue/Request:
Whether the City will grant the request of the Lee's Summit Housing Authority to waive its PILOT payment for its Fiscal Year ended September 30, 2016 in the amount of $33,874.16.
Key Issues:
The Lee's Summit Housing Authority operates the Lee Haven and Duncan Estates housing developments. The agreement with the Lee's Summit Housing Authority requires the Housing Authority to make a Payment in lieu of Taxes (PILOT) to the City each year equal to 10% of the lower of Shelter Rent Charges or Estimated County property taxes.
The City has waived the payment each year for more than 10 years to allow the Authority to use the money for maintenance and repair of the living units.
Proposed Council Motion:
I move for second reading of AN ORDINANCE AUTHORIZING THE WAIVER OF LEE’S SUMMIT HOUSING AUTHORITY’S PAYMENT IN LIEU OF TAXES FOR FISCAL YEAR ENDED SEPTEMBER 30, 2016 IN THE AMOUNT OF $33,874.16.
I move for adoption of AN ORDINANCE AUTHORIZING THE WAIVER OF LEE’S SUMMIT HOUSING AUTHORITY’S PAYMENT IN LIEU OF TAXES FOR FISCAL YEAR ENDED SEPTEMBER 30, 2016 IN THE AMOUNT OF $33,874.16.
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 the elderly residents of the city. The Housing Authority is primarily dependent on HUD operating funds. The contract with the City of Lee's Summit states the Housing Authority will make a PILOT payment to the city equal to the lesser of 10% of rental payments minus utility expenses or the estimated property taxes for the real estate.
For more than 10 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 ...
Click here for full text