Commissioners Court Meeting

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Meeting Date:	07/13/2020
PILOT funds from Laredo Housing Authority
Submitted for:	Nathan Bratton	Submitted By:	Nathan Bratton
Department:	Civil Legal Division

Subject:

Discussion and possible action to accept all or a portion of Three Hundred Seventy-One Thousand Nine Hundred Thirty-Three Dollars and Ten cents ($371,933.10) of Payment in Lieu of Taxes (PILOT) funds, which represents funds accumulated by the Housing Authority of the City of Laredo from 2008-2020 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 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 have been retained by the Housing Authority. The authority is requesting that the funds, which can be used for any County purposes, be give to the authority for use in affordable housing projects.

Previous Court Action:

The Commissioners Court last considered this item at its meeting of November 12, 2019, the Court voted to table the item.

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
If the Court elects to retain some or all of the funds it would be a gain of up to $371,933.10 to the General fund if the Court elects to give the funds to the Housing Authority it will not have an effect on the general fund.

Attachments
PILOT funds accrual list
Interlocal for PILOT funds draft