ApprovedOther
Cedarbrook Owner LLC PILOT Agreement
Description
New 30-year PILOT keeps the senior apartments affordable as the facility changes ownership.
Impact summary
Keeps senior affordable housing in place; property tax revenue will follow PILOT terms rather than standard assessment.
Applicant
- Name
- Cedarbrook Owner LLC
- Address
- 1264-1272 Park Avenue (Block 730, Lot 24)
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · City Council
Approved7–0, unanimous
Last discussed Jul 13, 2026.
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