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Meeting Date:	11/12/2019
PILOT funds interlocal agreement keep funds or turn over to Laredo Housing
Submitted for:	Nathan Bratton	Submitted By:	Nathan Bratton
Department:	Commissioners Court

Subject:

Discussion and possible action to retain all or a portion of Three Hundred Forty-Six Thousand Two Hundred Fifty One Dollars and Three Cents ($346,251.03) of Payment in Lieu of Taxes (PILOT) funds, which represents funds accumulated by the Housing Authority of the City of Laredo from 2008-2019 and not distributed to the County or enter into an Interlocal Government Agreement (Chapter 791 Texas Government Code) with the Housing Authority to allow the Housing Authority to retain all or a portion of the funds to, either directly or through one of the Local Authority’s non-profit instrumentalities, provide affordable housing, including development, acquisition, and construction, BiblioTech digital library services and similar projects serving low-to-moderate income families, and/or other related services by LHA and any matters incident thereto; authorizing the County Judge to sign all relevant documents.

Background:

The funds that are the subject of the agenda item are funds that should have been distributed to the County yearly but were retained by the Housing Authority. The authority is requesting that the funds, which can be used for County purposes, be give to the authority for use in affordable housing projects and a Biblitotech project.

Previous Court Action:

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
Retention of these funds would increase the general fund as they are in place of ad valorem taxes.

Attachments
Interlocal to retain PILOT funds 2008-2019
PILOT funds accrual list