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City Council · May 14, 2013

R-171-2013

Authorize IDB to negotiate payments in lieu of taxes for S. Gay Street property.

A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from Hatcher Hill & Associates G.P. payments In lieu of ad valorem taxes with respect to property located at 620 and 626 S. 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 May 14, 2013, the City of Knoxville, TN City Council adopted “Authorize IDB to negotiate payments in lieu of taxes for S. Gay Street property.” by a vote of 9–0.

Unanimous Adopted 9-0-0-0

Part of Developer tax breaks (PILOTs)

Moved by Nick Della Volpe · seconded by Daniel T. Brown

Topics: Budget & taxes

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 14 May 2013 meeting — page 12

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