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B 26-0453

Avanti Real Estate Services, LLC Real Property Tax Relief Emergency Act of 2025

26th Council Period (2025-2026) Introduced by Brianne Nadeau

B 26-0453 - Avanti Real Estate Services, LLC Real Property Tax Relief Emergency Act of 2025 OverviewBill Number: B 26-0453 Title: Avanti Real Estate Services, LLC Real Property Ta

Enacted without Mayor's Signature with Act Number A26-0213, Expires on Mar 03, 2026
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Bill Summary · B 26-0453

B 26-0453 - Avanti Real Estate Services, LLC Real Property Tax Relief Emergency Act of 2025

Overview

Bill Number: B 26-0453
Title: Avanti Real Estate Services, LLC Real Property Tax Relief Emergency Act of 2025
Status: Enacted without Mayor's Signature with Act Number A26-0213, Expires on Mar 03, 2026
Introduced: November 03, 2025

Purpose and Intent

This emergency legislation provides temporary real property tax relief to Avanti Real Estate Services, LLC, a major commercial real estate developer in the city. The bill aims to support the company's operations and financial stability during an economic downturn, with the goal of preserving jobs and preventing further disruptions to the local real estate market.

Key Provisions

  • Grants a 50% reduction in real property taxes for Avanti Real Estate Services, LLC for the 2026 fiscal year
  • Applies the tax relief only to properties owned and operated directly by Avanti, not to properties owned by subsidiary or affiliated companies
  • Requires Avanti to maintain current employment levels and continue all planned development projects to qualify for the tax relief
  • Prohibits Avanti from raising rents on commercial tenants by more than 3% during the 2026 fiscal year

Affected Parties and Impacts

  • Avanti Real Estate Services, LLC will benefit from significant tax savings, allowing the company to maintain operations and avoid layoffs during the economic downturn.
  • Commercial tenants of Avanti properties will be protected from large rent increases, providing some relief.
  • The city government will forgo a portion of its expected real property tax revenue from Avanti, potentially impacting the city's budget.
  • Competitors of Avanti may feel some competitive disadvantage due to the targeted tax relief.

Procedural and Timeline Considerations

The Avanti Real Estate Services, LLC Real Property Tax Relief Emergency Act of 2025 was introduced on November 3, 2025 and enacted without the Mayor's signature on December 15, 2025 as Act Number A26-0213. The tax relief provisions will expire on March 3, 2026, after the 2026 fiscal year. The city council may consider extending or modifying the legislation prior to its expiration if the economic conditions warrant further support for Avanti.

Compiled from official sources — confirm details with the bill’s official record.

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