Authorize IDB to accept PILOT payments from Kimberly-Clark.

A Resolution authorizing the Industrial Development Board of the City of Knoxville to accept from Kimberly-Clark Corporation payments in lieu of ad valorem taxes with respect to property located at 400 Goody's Lane 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 August 7, 2012, the City of Knoxville, TN City Council adopted “Authorize IDB to accept PILOT payments from Kimberly-Clark.” by a vote of 8–0.

Unanimous Adopted 8-0-0-1

Part of Developer tax breaks (PILOTs)

Approve resolution

Moved by Brenda Palmer · seconded by George C. Wallace

Topics: Budget & taxes

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The vote as recorded

Aye · 8

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

Absent · 1

Mark Campen District 5

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 7 August 2012 meeting — page 10

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