File #: 25-0216    Version: 1 Name:
Type: Commissioners Action Item Status: Passed
File created: 3/13/2025 In control: Board of Commissioners
On agenda: 4/2/2025 Final action: 4/2/2025
Title: Request approval of a Resolution consenting to and ratifying the use of existing Fulton County Ad Valorem Property Tax Increment for three (3) projects located in Westside Tax Allocation District 1 - Atlanta/Westside. The 3 projects include (1) an allocation not to exceed $260,000.00 to aid in the redevelopment of a multifamily building in the English Avenue neighborhood located at 471 English Avenue, N.W., Atlanta, Georgia 30318; (2) an allocation not to exceed $3,500,000.00 to aid in the stabilization, historic preservation and conversion of vacant property located at 143 Alabama Street, SW, Atlanta, Georgia 30330; and (3) an allocation not to exceed $400,000.00 to provide three new construction and one redeveloped single-family homes within the English Avenue and Vine City communities by the Westside Future Fund. (Barrett) (HELD ON 3/19/25)
Sponsors: Dana Barrett
Attachments: 1. 3.19.25.IA.WTAD.Fulton County - Resolution, 2. Executed resolution ADA 471 English Avenue, 3. ADA - 471 English Avenue - Westside TAD Fact Sheet, 4. Executed Resolution 143 Alabama WTAD, 5. Fact Sheet 143 Alabama 2025 V2, 6. Executed Resolution ATL RE Holdings Scattered Site WFF, 7. Fact Sheet_WFF Scattered Site_V3_2.16.25

 

Requested Action (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)

title

Request approval of a Resolution consenting to and ratifying the use of existing Fulton County Ad Valorem Property Tax Increment for three (3) projects located in Westside Tax Allocation District 1 - Atlanta/Westside. The 3 projects include (1) an allocation not to exceed $260,000.00 to aid in the redevelopment of a multifamily building in the English Avenue neighborhood located at 471 English Avenue, N.W., Atlanta, Georgia 30318; (2) an allocation not to exceed $3,500,000.00 to aid in the stabilization, historic preservation and conversion of vacant property located at 143 Alabama Street, SW, Atlanta, Georgia 30330; and (3) an allocation not to exceed $400,000.00 to provide three new construction and one redeveloped single-family homes within the English Avenue and Vine City communities by the Westside Future Fund.  (Barrett) (HELD ON 3/19/25)

body