JAMESTOWN – The Jamestown Post-Journal is reporting that officials from Jamestown will be meeting privately with officials from the Chautauqua County Industrial Development Agency and the owners of Covenant Manor on Friday to discuss a proposed Payment in Lieu of Taxes (PILOT) extension.
As WRFA reported on Wednesday, Millennia Housing Development is seeking a seven-year extension on its current PILOT agreement with the IDA. A public hearing on the extension took place on Tuesday, with city development director Vince DeJoy saying the city was opposed to the extension because it could result in a loss of $316,000 in anticipated revenue over the seven-year period.
The IDA Board will likely vote on the extension request at its next meeting on Tuesday, Jan. 24 at 10 a.m.
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