Authorize IDB to negotiate PILOT with RLK Properties

A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from RLK Properties LLC payments in lieu of ad valorem taxes with respect to newly constructed improvements to real property located at 7240 Saddlerack Street, and finding such payments are deemed to be in the furtherance of the public purposes of the Board as defined in Tennessee Code Annotated § 7-53-305.(Requested by Office of Redevelopment)

Source: official minutes (PDF) for August 11, 2020.