Authorize PILOT for Terminus Real Estate, Inc. at 305 W. Vine Ave.

A Resolution authorizing the Industrial Development Board of the City of Knoxville to enter into a payment-in-lieu-of-tax (PILOT) transaction with Terminus Real Estate, Inc. with respect to certain real property located at 305 West Vine Avenue, Knoxville, TN.(Requested by Administration)

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On December 14, 2021, the City of Knoxville, TN City Council adopted “Authorize PILOT for Terminus Real Estate, Inc. at 305 W. Vine Ave.” by a vote of 8–0.

Unanimous Adopted 8-0-0-1

Part of Developer tax breaks (PILOTs)

Motion to approve

Moved by Janet Testerman · seconded by Gwen McKenzie

Topics: Budget & taxes

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The vote as recorded

Aye · 8

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

Absent · 1

Seema Singh District 3

Minutes of the 14 December 2021 meeting — page 8

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