Resolution authorizing PILOT agreement with Ridgehouse Companies for 0 East Hill Avenue

A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from Ridgehouse Companies, or an affiliate thereof (“Developer”), payments in lieu of ad valorem taxes (“PILOT”) with respect to real property located at 0 East Hill Avenue (parcel ID 095IC00406) (“Property”), 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 Economic Development)

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On January 10, 2023, the City of Knoxville, TN City Council adopted “Resolution authorizing PILOT agreement with Ridgehouse Companies for 0 East Hill Avenue” by a vote of 9–0.

Unanimous Adopted 9-0-0-0

Part of Developer tax breaks (PILOTs)

Moved by Janet Testerman · seconded by Charles Thomas

Topics: Budget & taxes

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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 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 10 January 2023 meeting — page 13

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