The Zoning Board Calendar is all set for April 23th with no iStar on the agenda. That doesn’t mean they won’t get another six month extension. If and when they do, it’s done in a backroom and under a table, as we all learned this city code last November:
“Sec 20–15 Petitions and applications to the board
Every petition and application to the zoning board of appeals except renewal petitions and applications there under… [etc etc] [LINK]
If you really want more, please read my last post on all this here: [UPDATED WITH CODE AND A PERSONAL RANT] ISTAR VARIANCE EXTENSION IS IN 11/20/14 ZBA MINUTES, BUT WASN’T ON CALENDAR OR DECISIONS
Meanwhile, behind the facade of this innocent-looking bookstore…
Project 11561 is wondering if iStar Long Beach applied for the PILOT (payment in lieu of taxes) program through the Nassau County IDA: As written on the upcoming council agenda ….
“WHEREAS, the Host Community Agreement Guaranty shall constitute a permitted encumbrance under any PILOT (payment-in-lieu-of-taxes) that may be awarded to iStar FM Loans LLC and Shore Road-Long Beach Superblock LLC, in its sole discretion, by the Nassau County Industrial Development Agency (NCIDA.” [LINK]
A PILOT is a payment in lieu of taxes (also sometimes abbreviated “PILT”), made to compensate a local government for some or all of thetax revenue that it loses because of the nature of the ownership or use of a particular piece of real property. Usually it relates to the foregone property tax revenue.