Title
Resolution approving PILOT for CoLinx, LLC
Body
SUMMARY:
The attached resolution approves a Payment-in-Lieu-of-Tax (PILOT) program for the expansion of CoLinx. The tax rate schedule is based on new investments of real property of $7,100,000 and $2,900,000 in personal property. This has been approved by the Industrial Development Board.
BUDGET ACCOUNT: Not applicable
Recommended Action
NECESSARY COUNCIL ACTION: Approve PILOT Agreement for the Industrial Development Board on behalf of CoLinx, LLC.