Authorize IDB to negotiate PILOT with RLK Properties

A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from RLK Properties LLC payments in lieu of ad valorem taxes with respect to newly constructed improvements to real property located at 7240 Saddlerack Street, and finding such payments are deemed to be in the furtherance of the public purposes of the Board as defined in Tennessee Code Annotated § 7-53-305.(Requested by Office of Redevelopment)

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On August 11, 2020, the City of Knoxville, TN City Council adopted “Authorize IDB to negotiate PILOT with RLK Properties” by a vote of 9–0.

Unanimous Adopted 9-0-0-0

Part of Developer tax breaks (PILOTs)

Moved by Lauren Rider · seconded by Lynne Fugate

Topics: Contracts & purchasing

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The vote as recorded

Aye · 9

Charles Thomas District 5 Lynne Fugate At-Large Seat A Amelia Parker At-Large Seat C Tommy Smith District 1 Andrew Roberto District 2 Seema Singh District 3 Lauren Rider District 4 Gwen McKenzie District 6 Janet Testerman At-Large Seat B

Public forum

The clerk’s minutes record no 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 11 August 2020 meeting — page 9

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