City Considers 20-Year PILOT for Southside I Housing

West Branch is considering a long-term PILOT agreement requested by DeShano Development Corp. for the Southside I apartments, proposing payments equal to 9% of shelter rents less utilities for 20 years in lieu of traditional property taxes. The arrangement would support a substantial rehabilitation financed with MSHDA low-income housing tax credits.

Document date · August 4, 2025

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

20 years (requested PILOT duration)

Renewal

Initial proposed term is 20 years; any renewal terms would be defined in final Ordinance 25-02.

Document type

Agenda

Source document

town-of-west-branch-city-council-meeting-agenda-august-4-2025_eeb.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of West Branch?

Deshano Development Corp was awarded this financial services contract by Town of West Branch, as recorded on August 4, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-west-branch-city-council-meeting-agenda-august-4-2025_eeb.pdf (Agenda), dated August 4, 2025 from Town of West Branch. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Deshano Development Corp hold?

Deshano Development Corp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Deshano Development Corp's profile

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