City of Largo, Florida, Petitioner v. Ahf-Bay Fund, LLC, Respondent

Summary

The Court held that the PILOT agreement did not violate the affordable-housing tax exemption statute or the Florida Constitution. The statutory exemption could be voluntarily waived, and the negotiated payments were contractual consideration rather than taxes because the City acted voluntarily and not through sovereign taxing power. The Court answered the certified question in the negative and quashed the district court's decision.