Authorize Industrial Development Board to accept PILOT payments from Marble Alley Development, LLC

A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from Marble Alley Development, LLC, or an affiliate thereof (“Applicant”), payments in lieu of ad valorem taxes (“PILOT”) with respect to certain real property located at 121 Union Avenue, Knoxville, Tennessee, 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 Administration)

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On July 9, 2024, the City of Knoxville, TN City Council adopted “Authorize Industrial Development Board to accept PILOT payments from Marble Alley Development, LLC” by a vote of 9–0.

Unanimous Adopted 9-0-0-0

Part of Developer tax breaks (PILOTs)

Moved by Gwen McKenzie · seconded by Andrew Roberto

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The vote as recorded

Aye · 9

Charles Thomas District 5 Lynne Fugate At-Large Seat A Debbie Helsley At-Large Seat B 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

Public forum

The clerk’s minutes note 1 speaker at the public forum for this meeting.

A sign-up count from the minutes — not a measure of overall public opinion.

Minutes of the 9 July 2024 meeting — page 8

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