Resolution authorizing Industrial Dev. Board to negotiate PILOT w/ The Farragut Group LLC.

A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from The Farragut Group LLC payments in lieu of ad valorem taxes with respect to property located at 530 South Gay Street 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 Office of Redevelopment)

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On April 15, 2014, the City of Knoxville, TN City Council adopted “Resolution authorizing Industrial Dev. Board to negotiate PILOT w/ The Farragut Group LLC.” by a vote of 9–0.

Unanimous Adopted 9-0-0-0

Part of Developer tax breaks (PILOTs)

Moved by Nick Pavlis · seconded by Brenda Palmer

Topics: Budget & taxes

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The vote as recorded

Aye · 9

Nick Pavlis District 1 Duane Grieve District 2 Brenda Palmer District 3 Nick Della Volpe District 4 Mark Campen District 5 Daniel T. Brown District 6 George C. Wallace At-Large Seat A Marshall Stair At-Large Seat B Finbarr Saunders At-Large Seat C

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 15 April 2014 meeting — page 9

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