Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Industrial Development Board approves Novonix land purchase, leases and PILOT enrollment for Enterprise South project
Summary
The board authorized purchase and closing documents, leases, and PILOT enrollment for Novonix Enterprise South LLC’s planned manufacturing site on roughly 182.39 acres in Enterprise South Industrial Park; Novonix executives provided updates on site capacity, financing applications and local workforce partnerships.
The City of Chattanooga Industrial Development Board on April 7 authorized a real estate purchase and sale agreement, two lease agreements and related PILOT enrollment documents to enable Novonix Enterprise South LLC to develop roughly 182.39 acres in Enterprise South Industrial Park.
Staff described the action as a package that includes a real property lease, a personal property lease and a pilot agreement enabling a payment-in-lieu-of-ad-valorem-taxes arrangement; staff said this item was previously approved by the Chattanooga City Council on March 11 and Hamilton County Commission on March 12. The packet to the board included the State statute staff cited as authorizing the board to approve both the pilot and the accompanying leases.
Adam Myers, vice president of economic development with the Chattanooga Chamber, introduced Novonix representatives. Robert Long, chief financial…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
