City Council · May 21, 2019
R-183-2019
IDB to negotiate PILOT with Knoxville Supreme Court for hospitality facility
A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from Knoxville Supreme Court, LLC, payments in lieu of ad valorem taxes with respect to a portion of the real property located at 719 Locust Street to be redeveloped for a hospitality facility (Parcel ID No. 094MC01501), and finding that such payments are deemed to be in furtherance of the public purposes of the Board as defined in Tennessee Code Annotated Section 7-53-305.(Requested by Office of Redevelopment)
See this item across every meeting →On May 21, 2019, the City of Knoxville, TN City Council adopted “IDB to negotiate PILOT with Knoxville Supreme Court for hospitality facility” by a vote of 9–0.
Part of Developer tax breaks (PILOTs)
Moved by George C. Wallace · seconded by Lauren Rider
Topics: Contracts & purchasing
Public forum
The clerk’s minutes note 3 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 21 May 2019 meeting — page 16
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