City Council · November 7, 2017
R-380-2017
Authorize IDB to negotiate payments in lieu of taxes
A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from 200 Jennings, LLC & Tyson Court LLC payments in lieu of ad valorem taxes with respect to real property located at 200 Jennings Avenue (CLT 094DP001) and 814 Tyson Street (CLT 094DP002) and finding that such payments are deemed to be in furtherance of the public purposes of the Industrial Development Board as defined in Tennessee Code Annotated 7-53-305.(Requested by Office of Redevelopment)
See this item across every meeting →On November 7, 2017, the City of Knoxville, TN City Council adopted “Authorize IDB to negotiate payments in lieu of taxes” by a vote of 9–0.
Part of Developer tax breaks (PILOTs)
Motion to approve resolution
Moved by George C. Wallace · seconded by Duane Grieve
Topics: Budget & taxes
Public forum
The clerk’s minutes note 2 speakers at the public forum for this meeting.
A sign-up count from the minutes — not a measure of overall public opinion.
Minutes of the 7 November 2017 meeting — page 9
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