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Internal audit flags outdated PBA contracts, parking and space-allocation gaps and $25.9M maintenance backlog
Summary
Knox County internal audit presented a City-County Building (PBA) audit identifying: decades-old contracts (1975/1977/1993), inconsistent space-allocation records, parking-access control gaps, and a 2018 facility master plan estimate of about $25.9 million in deferred modernization costs.
Zach Fullerton, presenting for internal audit, told the Knox County Audit Committee on March 10 that the Public Building Authority (PBA) contract documents governing the City-County Building have not been substantively updated since 1993 and that operational changes make a new operating agreement advisable.
Fullerton said the original lease and operating agreements (1975, supplemental 1977 and restatement 1993) remain in effect on an annual renewal basis but noted all underlying bonds were paid in full in 2001, giving the city and county the option to terminate the lease and take title. Fullerton said the countyand the city drafted new documents in 2022 (a lease termination draft and an updated operating agreement) but the city did not act and the efforts stalled; he recommended the…
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