2025 1 21 Regular Session Packet 1

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RESOLUTION NO. 2025-01 
Page 1 of 1 
A RES
OLUTION AUTHORIZING THE DISTRIBUTION OF THE  
ATHENS UTILITIES BOARD’S ELECTRICAL IN LIEU OF TAX PAYMENTS 
FOR FISCAL YEAR 2024/2025.  
WH
EREAS, 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 Bo ard in 
accordance with the respective property tax rates set by said governing bodies; and  
WH
EREAS, 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.   
NO
W, THEREFORE, BE IT RESOLVED by the Council of the City of Athens, 
Tennessee, as follows:  
Th
at the recitals above are true and accurate and form a part of this Resolution; and 
Tha
t meeting in regular session this 21st  day of January 2025, 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 $959,322.68 in accordance with the following schedule for the fiscal year 24/25 
as follows:  
McMinn - $215,847.60
Athens - $743,475.08
or a total amount of $959,322.68. 
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 - $  7,369.51 
Niota  - $10,912.53
Monroe - $  1,258.79
or a total amount of $19,540.83. 
BE IT F
URTHER RESOLVED that the Athens Utilities Board will pay the sum to the 
City of Athens in monthly installments beginning the 20th day of July 2024, 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 _______________________________________________________, 
SE
CONDED BY ________________________________________________________, 
sa
id Resolution was approved by roll call vote.  
LARRY EATON, Mayor 
RANDALL DOWLING, City Manager 
APPROVED AS TO FORM: 
CHRISTOPHER M. CALDWELL, City Attorney 
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