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Board OKs tax incentive for test reactor project


Board OKs tax incentive for test reactor project
Oakridger
The Oak Ridge Industrial Development Board recently approved a tax incentive for a test reactor called Hermes at the East Tennessee Technology Park in the west end of the city.
City Manager Mark Watson laid out the recommended payment in lieu of taxes (PILT) agreement in a letter to the Industrial Development Board (IDB) before the board approved the proposal. 
The city plans to offer a 10-year, 50% tax abatement for any land, buildings and personal property subject to property taxation that is part of the project. 
Watson recommended the applicant, Kairos Power LLC, choose a period of 10 consecutive tax years for the agreement, commencing with the 2022 tax year but ending not later than the 2034 tax year, to receive this abatement. ....

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More city buildings open; but wear masks


More city buildings open; but wear masks
Special to The Oak Ridger
The city of Oak Ridge is opening various departments, but still taking some measures to ensure COVID-19 safety.
“After more than a year of active efforts to suppress COVID-19, I am announcing the effort to open for business. A review of all city departments and services has been conducted and although not at full capability, the following is a summary of various services,” City Manager Mark Watson stated in a news release.
Departmental services are continuing. City officials strongly urge citizens to conduct their business electronically, over the phone, and by mail whenever possible. City facilities will continue operations as below. For the safety of city employees and social distancing for customers, visitors may receive a temperature scan and inquiry about their current health. Call the city manager’s office or department offices on the city’s website for further information. ....

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