Resolution authorizing IDB to negotiate PILOT for Knoxville Locomotive Works.

A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from Knoxville Locomotive Works, Inc. payments in lieu of ad valorem taxes with respect to real and personal property located, or to be located at 300 West Quincy 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 October 29, 2013, the City of Knoxville, TN City Council adopted “Resolution authorizing IDB to negotiate PILOT for Knoxville Locomotive Works.” by a vote of 8–0.

Unanimous Adopted 8-0-0-1

Part of Developer tax breaks (PILOTs)

Moved by Brenda Palmer · seconded by Duane Grieve

Topics: Budget & taxes

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The vote as recorded

Absent · 1

Nick Pavlis District 1

Aye · 8

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 29 October 2013 meeting — page 10

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