2023 11 21 City Council Agenda Packet

Unverified text extraction. Check the original page for numbers, names, and layout.

RESOLUTION NO. 2023-30 
 
A RESOLUTION AUTHORIZING THE DISTRIBUTION OF THE 
ATHENS UTILITIES BOARD’S ELECTRICAL IN LIEU OF TAX PAYMENTS 
FOR FISCAL YEAR 2023/2024. 
 
 WHEREAS, the Legislature for the State of Tennessee enacted Public Chapter No. 84 during its 
1987 session, which Act provided for a uniform formula to pay tax equivalents on electrical systems to 
the respective cities and counties served by the Athens Utilities Board in accordance with the respective 
property tax rates set by said governing bodies; and 
 
 WHEREAS, in Section 5(d) of said Act,  the legislative body of  the municipality  and/or 
governing agency agrees that the electric system subject to said Act, is to pass a Resolution outlining the 
amount to be paid to each respective jurisdiction served by the utilities, using the current tax rate by the 
respective governing body.  
 
 NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Athens, Tennessee, as follows: 
 
That the recitals above are true and accurate and form a part of this Resolution; and 
 
That meeting in regular session this 21st day of November, 2023, that the Athens Utilities Board 
is hereby authorized, directed and empowered to distribute its electrical in lieu of tax payments (tax   
equivalent) to the City of Athens, Tennessee, for the City of Athens and McMinn County, the sum of 
$908,535.28 in accordance with the following schedule for the fiscal year 23/24 as follows: 
 
   McMinn - $ 204,420.44 
   Athens  - $ 704,114.84 
 
or a total amount of $908,535.28. 
 
The City of Athens will make distributions to McMinn County as required by law. 
 
BE IT FURTHER RESOLVED  that the Athens Utilities Board will distribute to the following 
municipalities and Monroe County, which it serves and owns property, in accordance with the following 
schedules: 
   Englewood - $   6,545.61 
   Niota  - $10,125.47 
   Monroe - $  1,265.28 
 
or a total amount of $17,936.36. 
 
BE IT FURTHER RESOLVED  that the Athens Utilities Board will pay the sum to the City of 
Athens in monthly installments beginning the 2 0
th day of July 20 23, and the same day of each month 
thereafter for this fiscal year. 
 
BE IT FURTHER RESOLVED by the Athens City Council that this resolution shall take effect 
immediately from and after its passage, the public welfare requiring it. 
 
ON MOTION BY _______________________, SECONDED BY ________________________, said 
Resolution was approved by roll call vote. 
 
10