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Town may annex commercial tracts on Kingston Pike at Canton Hollow Road

Plans to annex a section of Kingston Pike on the east end of town could come to fruition early in 2004.

Mayor Eddy Ford suggested in early October that the town look into annexing several largely commercial tracts on the south side of Kingston Pike between Thornton Heights and Canton Hollow Road.

“That area has been identified as potential growth area for the next 20 years,” said Ford at the Aug. 21 Farragut Municipal Planning Commission meeting.

An annexation report was prepared by the local office of the state’s Department of Economic and Community Development and presented to the Farragut Board of Mayor and Aldermen last week.

“I think it’s the right time to make the move,” said Dan Hawk, director of the state’s DECD.

Of the 20 tracts located in the area, nine are commercial and three are vacant, including the former Food Lion site on the corner of Kingston Pike and Canton Hollow Drive.

“There is a potential revenue source at the former Food Lion location,” Hawk said. “It has potential for redevelopment.”

According to the report, the town would not initially receive revenue benefit from annexing the area.

The predominately commercial area does not contain any people that would increase state-shared revenues or other population-based revenue. Also, the town does not impose a property tax and Knox County will continue to receive the local option sales tax at a rate averaged over the 12 months prior to the effective date of the annexation, the report states.

The town would have to share some of the tax revenue with Knox County for 15 years, but it could strengthen the town’s holdings.

The county would be entitled to the same level of tax revenue it is currently receiving and Farragut would receive the excess.

Currently the businesses in that area are grandfathered and are not required to follow Farragut’s development standards, but Ford said at the Oct. 23 FBMA meeting “as some leave, and others come in, the town can put its own imprint on them.”

According to the annexation report, all required development review and business license fees would be available to the town upon annexation.

Annexing the section of Kingston Pike would also not require any initial capital improvements, Hawk said.

“Most or all infrastructure is in place,” he said. “They already receive the same services as Farragut.”

The town’s engineering staff reported that the three roads within that area were in good shape and would not resurfacing in the near future.

Glenleigh Court, a two-lane street that serves as an entrance to an office park, would not need resurfacing for eight to 10 years.

Amesbury Road and Farlow Drive would not require resurfacing for five to 10 years.

Kingston Pike is owned by the state and its maintenance is the responsibility of the Tennessee Department of Transportation.

The annexation study will now go before the Farragut Municipal Planning Commission for review Nov. 20.

The FMPC will also look over a plan of services for the area and make their recommendation to the FBMA, which could be reviewed at their Dec. 4 meeting.

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