Authorize IDB to negotiate PILOT with Elmington Capital Group

A Resolution authorizing the Industrial Development Board (“IDB”) of the City of Knoxville to negotiate and accept from Elmington Capital Group, or an affiliate thereof (“Sponsor”), payments in lieu of ad valorem taxes (“PILOT”) with respect to real property located at 1585 Coleman Road, Knoxville, TN and having a parcel ID of 107GE010 (“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 Elmington Capital Group” by a vote of 7–0.

Unanimous Adopted 7-0-0-2

Part of Developer tax breaks (PILOTs)

approve the resolution

Moved by Andrew Roberto · 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 14

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