Authorize PILOT payments for property at 516 and 0 W. Vine Avenue.

A Resolution authorizing the Industrial Development Board of the City of Knoxville to negotiate and accept from City Summit LLC, or an affiliate thereof, payments in lieu of ad valorem taxes (“PILOT”) with respect to certain real property located at 516 and 0 W. Vine Avenue, Knoxville, Tennessee, 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 Urban Design and Development)

Source: official minutes (PDF) for October 15, 2024.