Approve Magnolia Ave Warehouse District Redevelopment Plan amendment for TIF and PILOT

A Resolution approving an amendment to the Magnolia Avenue Warehouse District Redevelopment Plan relating to terms of Tax Increment Financing and delegating to the Industrial Development Board of the City of Knoxville the authority to negotiate and accept payments in lieu of taxes with respect to certain projects within the plan area.(Requested by Department of Economic and Community Development)

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On August 23, 2022, the City of Knoxville, TN City Council adopted “Approve Magnolia Ave Warehouse District Redevelopment Plan amendment for TIF and PILOT” by a vote of 5–4.

Split Adopted 5-4-0-0

Part of Developer tax breaks (PILOTs) · Magnolia Avenue

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Moved by Janet Testerman · seconded by Lynne Fugate

Topics: Budget & taxes

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The vote as recorded

No · 4

Charles Thomas District 5 Amelia Parker At-Large Seat C Tommy Smith District 1 Seema Singh District 3

Aye · 5

Lynne Fugate At-Large Seat A Andrew Roberto District 2 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 23 August 2022 meeting — page 10

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