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Rhea County backs PILOT schedule to support LZB Manufacturing distribution facility in Dayton
Summary
Rhea County commissioners approved a resolution supporting a PILOT schedule tied to a proposed LZB Manufacturing distribution center in Dayton, expected to involve roughly $30 million in capital investment and about 25 new full-time jobs; the county approved the PILOT schedule as submitted by the Dayton Industrial Development Board.
The Rhea County Commission voted Nov. 18 to support a payments-in-lieu-of-ad-valorem-taxes (PILOT) arrangement for a proposed LZB Manufacturing distribution facility in Dayton.
The resolution asks the county to back terms negotiated by the Industrial Development Board of the City of Dayton. According to the resolution and supporting exhibit entered in the record, the project would involve an estimated $30 million in capital investment and create roughly 25 new full-time positions. Under the schedule attached to the resolution, the company would receive graduated reductions in county real-property tax payments over an initial period, with no abatement for the city or school portions throughout the ten-year term.
Commissioner Cashman moved the resolution with Commissioner Dunn seconding. Commissioners voted AYE: All, NAY: None; Commissioners Francisco and Welch were absent.
Why it matters: PILOT arrangements are commonly used to support large capital projects by aligning tax payments with early-stage investment; they change the timing of tax revenue to the county and can affect long-term revenue projections. The resolution before the commission is an endorsement of the Industrial Development Board's negotiated schedule and authorizes the Board to execute the agreement under the terms entered into the county record.
What happens next: The Industrial Development Board will proceed with its lease arrangement and the PILOT schedule. County officials recorded their support and will implement any administrative steps required if the Board finalizes the lease and PILOT agreement.
