Authorize IDB to enter PILOT agreement with Old City Ventures, LLC for 210 E Jackson 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 Old City Ventures, LLC with respect to certain real property located at 210 East Jackson Avenue, Knoxville, Tennessee.(Requested by Administration)

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On March 8, 2022, the City of Knoxville, TN City Council adopted “Authorize IDB to enter PILOT agreement with Old City Ventures, LLC for 210 E Jackson Ave” by a vote of 8–0.

Unanimous Adopted 8-0-0-1

Part of Developer tax breaks (PILOTs)

Moved by Gwen McKenzie · seconded by Lynne Fugate

Topics: Budget & taxes

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The vote as recorded

Aye · 8

Charles Thomas District 5 Lynne Fugate At-Large Seat A 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

Absent · 1

Amelia Parker At-Large Seat C

Minutes of the 8 March 2022 meeting — page 6

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