"Why did the RDA Chairman back off from demanding repayment of more than $60,000 due to the RDA from the DRLP? The RDA’s sustainability, as an entity, is in a critical cash position and the DRLP refunds which are due to the RDA could sustain the RDA for two more years until the RDA could hopefully develop the Flats and the Train Station.
Why did the DRLP present the RDA payments as payments for the DRLP properties, in some cases?
Why isn’t the RDA Board holding the DRLP to the Agreements signed in 2002?"
You might also ask where is Redevelopment Project Director Rob Barry?
- · Due to its mission of rehabilitating dilapidated housing units in the Downtown area, The Residential Units were given preferential taxation by the three taxing entities (City, County and School District)
- · The Payment in Lieu of Taxes (PILOT) for the Residential Units was noted as a figure (my recollection) approximately $12,000 per year for tax year 2003, which would increase each year by 3%.
- · The Commercial Units were not to be taxed until termination of the Agreement which was stated to be 2042.