Dirty Deeds 8
This is one of those deals
that makes you scratch your head and say humm. It's very confusing and
basically appears to be a shell game to hide property ownership for
whatever reason.
Above is a plat map with two parcels outlined in red. They are off Simpson Road West. The "A" property was originally bought and owned by Lenoir City mayor Tony Aikens. The "F" property is currently owned by Mitzi Lynette Fuller, the wife of Travis Fuller. The "A" parcel 5.3 acres, was bought back on 6/13/2019 by Lenoir City mayor Tony Aikens . According to deed records, he paid $125,000.00 for the property. I do have information that the mayor may have used questionable tactics to get the property, but that's another story.On 9/14/2020, while Aikens still owned the property, the mayor presented the property to city council to receive a PILOT, Payment In Lieu Of Taxes, on the property. This is where the city gives a big property tax break to whomever the owner is when the property is developed. In this case, it's a 10 year tax break. The property was to become 80 apartments and if qualified for a PILOT, would have to be low to moderate income housing. In the council meeting when the PILOT was passed, Aikens told council members that he did in fact own the property and council still passed the PILOT. On 4/10/2021, the mayor gave away, quit claimed, the property to Belle Investment Company/Travis Fuller. And yes, the same Belle Investment that started the Belle West Pointe development on Hwy. 321 that is now the subject of the lawsuit between the county and the city due to being illegally annexed. On January 9, 2023, Belle Investment/Travis Fuller gave/quit claimed the property to City View LC, LLC, then on March 31, 2023, City View LC, LLC sold the property to Townview Investments LLC for $550,000.00. Townview Investments LLC owner is Travis Fuller. So, Aikens gives the property to Fuller who gives it to another LLC who then sells the property back to Fuller for 550k. The "F" property is currently owned by Mitzi Lynette Fuller, the wife of Travis Fuller. It was purchased on February 1, 2023 for $281,750.00. It's about 11 acres. So, Travis Fuller now owns about 16 acres of contiguous property. The good thing is, the PILOT/Tax Break the council gave Aikens back in 2020, is no longer valid since ownership has changed. But I bet a dollar to a doughnut, Fuller will be back looking for more tax breaks sooner or later. What the heck is going on in Lenoir City? |
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6/19/23