DATE: November 10, 2015
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Russ Truell, Assistant City Administrator/CFO
Vernon Gerth, Assistant City Administrator - Community/Economic Development
SUBJECT: .title
*Consideration of Resolution No. 2015-90 Entitled, "A Resolution To Approve A PILOT (Payment In Lieu Of Taxes) Program For The LEEKO III, LLC (Lee Company), As Requested By The Industrial Development Board (IDB) Of Williamson County, Tennessee (11/10/15 WS)
Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning entering into a PILOT Program for the LEEKO III, LLC, related to investment and expansion of their business within the City of Franklin.
Background
Lee Company (LEEKO III, LLC) is looking to build a new corporate headquarters and expanded operations center in Franklin. Founded in 1944, Lee Company is the largest mechanical contractor in Tennessee. It has operations in various middle Tennessee locations along with facilities in Kentucky and Alabama. Lee Company provides a wide array of services to residential, commercial, and healthcare facilities. Due it strong performance, Lee Company has outgrown their current Franklin headquarters located on Mallory Station Road. In looking at their needs for expansion, Lee Company engaged the services of a site consultant and has examined a number of potential sites within the Franklin area and beyond. Lee Company has identified property in the Berry Farms development as a preferred site for their new headquarters and operations center. At this point, Lee Company is proposing an investment of approximately $20 million and the addition of 68 new full-time jobs.
In the site selection process, Lee Company approached the State of Tennessee, Williamson County, and the City of Franklin about possible development incentives. In response, the City and County jointly proposed local incen...
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