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Hamilton County approves sale of Enterprise South acreage to Novonix with reversion protections
Summary
The Hamilton County Commission approved Resolution 3-25-11 authorizing sale of about 182.39 acres in Enterprise South Industrial Park to Novonix Enterprise South LLC, with staff and the county attorney saying the contract includes reversionary language and clawback protections.
Hamilton County commissioners voted unanimous to approve Resolution 3-25-11 on March 25, 2025, authorizing the county mayor to execute a purchase-and-sale agreement and related closing documents to sell roughly 182.39 acres in Enterprise South Industrial Park to Novonix Enterprise South LLC.
The measure will also delegate certain authority to the Industrial Development Board of the City of Chattanooga and authorize an agreement for payments in lieu of ad valorem taxes tied to the sale. The resolution was moved by Commissioner Baker and seconded by Commissioner Beck before the roll-call approval.
Commissioner Graham asked the county attorney…
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