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Commission authorizes Industrial Development Board to negotiate PILOT for Pleasant View hotel
Summary
The commission approved a resolution authorizing the Industrial Development Board to negotiate payments in lieu of ad valorem taxes (PILOT) for Pleasant View Hospitality, LLC's hotel; the resolution passed 11-0 with one absence.
ASHLAND CITY, Tenn. — The Cheatham County Legislative Body authorized the Industrial Development Board to negotiate and accept payments in lieu of ad valorem taxes for Pleasant View Hospitality, LLC's proposed hotel.
David Risner, chairman of the Industrial Development Board, presented the item. Commissioner Tim Williamson moved to approve the resolution, and Commissioner Shanon Pickard seconded. The measure passed by roll call vote, 11 yes, 0 no, with Commissioner Walter Weakley listed as absent.
The resolution authorizes the Development Board to negotiate tax-equivalent payments with the hotel developer; the minutes do not record the negotiated PILOT terms or the developer's proposed timetable. Commissioners indicated the board will handle negotiation details under the authorization voted on Feb. 26.
