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|Knoxville Aldermen Formalize Track Agreement With District 202
|The Knoxville City Council has officially signed off on an agreement to give money to the Knoxville School District over a period of several years to go toward building a new all-weather track.
Aldermen in November said they'd commit $200,000 in Tax Increment Financing funds - broken down into $25,000 a year over an eight-year period - for the school district to build the track on 12 acres of property owned by the district on Gilson Street. The school board previously estimated the cost of the project at around $750,000.
The city council last night unanimously approved an intergovernmental agreement between the city and District 202. City attorney Wayne Statham says there are conditions attached to the money.
"Basically, what the agreement says is you'll make the payments that you said you would," Statham said, "as long as you feel satisfied with the progress being made on the progress."
Alderman Lester Naslund asked if there was a time limit or deadline of sorts related to completing the project that would justify the city pulling the funding. Statham says there isn't and that it's basically up to the city to determine what satisfactory progress is. He told the city council that if aldermen believe the project has stalled out then they can vote to terminate the agreement.
The school district wants to construct the new track to replace the existing track behind Knoxville High School that hasn't been usable since the 1980s.
The city council also approved Mayor Terry Pool's recommendation to appoint alderman Tom Worden to the school district's track committee.
|01 06 10 by Newsroom
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