Authorize IDB to negotiate PILOT payments for 2010 Cumberland Ave property.

A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from Campus Investors Knoxville, LLC payments in lieu of ad valorem taxes with respect to property located at 2010 Cumberland Avenue 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 28, 2013, the City of Knoxville, TN City Council adopted “Authorize IDB to negotiate PILOT payments for 2010 Cumberland Ave property.” by a vote of 9–0.

Unanimous Adopted 9-0-0-0

Part of Developer tax breaks (PILOTs) · Cumberland Avenue

APPROVE RESOLUTION R-179-2013

Moved by unrecorded

Topics: Budget & taxes

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The vote as recorded

Aye · 9

Nick Pavlis District 1 Duane Grieve District 2 Brenda Palmer District 3 Nick Della Volpe District 4 Mark Campen District 5 Daniel T. Brown District 6 George C. Wallace At-Large Seat A Marshall Stair At-Large Seat B Finbarr Saunders At-Large Seat C

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 28 May 2013 meeting — page 17

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