city-of-bloomingtonagenda-2025-06-04_f4e.pdf
Henderson Court Eyes $80K PILOT for Renovations
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Description
Henderson Court seeks a 17-year PILOT agreement with Bloomington. The deal starts at $80,400 annually with a 3% increase to facilitate renovations for affordable units, requiring HUD Section 8 HAP for 60% AMI.
Contract Details
Contract Amount
$80,400
Vendor
HENDERSON COURT
Agency
City of Bloomington, IN
Contract Type
Payment in Lieu of Taxes (PILOT)
Document Date
June 4, 2025
Contract Term
17 years
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