The Second District Court of Appeal asks this Court if the state constitution allows a city to enter into a “payment in lieu of taxes” agreement with a non-profit entity if the payment is equal to the amount of property taxes that would be collected if the property were taxable. The issue arose in a dispute between the city of Largo and AHF-Bay Fund. AHF-Bay bought affordable housing that had been developed by another non-profit group with the city’s assistance via tax-exempt bonds. The first developer had entered into the “payment in lieu of taxes” agreement with the city.