Authorize IDB to negotiate PILOT with Parkview APTS, LLC

A Resolution authorizing the Industrial Development Board (“IDB”) of the City of Knoxville to negotiate and accept from Parkview APTS, LLC, a subsidiary of Southeast Capital, LLC (“Sponsor”), payments in lieu of ad valorem taxes (“PILOT”) with respect to real property located at 2226 Parkview Avenue, Knoxville, TN and having a parcel ID of 082OM013 (“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 Urban Design and Development)

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On April 29, 2025, the City of Knoxville, TN City Council adopted “Authorize IDB to negotiate PILOT with Parkview APTS, LLC” by a vote of 7–0.

Unanimous Adopted 7-0-0-2

Part of Developer tax breaks (PILOTs)

approve the resolution

Moved by Gwen McKenzie · seconded by Lauren Rider

Topics: Budget & taxes

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The vote as recorded

Aye · 7

Charles Thomas District 5 Lynne Fugate At-Large Seat A Debbie Helsley At-Large Seat B Andrew Roberto District 2 Seema Singh District 3 Lauren Rider District 4 Gwen McKenzie District 6

Absent · 2

Amelia Parker At-Large Seat C Tommy Smith District 1

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 29 April 2025 meeting — page 12

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