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File #:
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24-0909
Version:
1
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Name:
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Type:
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Commissioners Action Item
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Status:
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Passed
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On agenda:
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12/18/2024
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Final action:
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12/18/2024
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Title:
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Request approval of a Resolution consenting to and ratifying the use of Fulton County Ad Valorem Property Tax Increment for six (6) projects located in Westside Tax Allocation District 1 -Atlanta/Westside. The 6 projects include: (1) an allocation not to exceed $131,500.00 to aid in the development of new single-family homes in the English Avenue neighborhood located at 554 Paines Avenue, N.W., Atlanta, Georgia 30318; (2) to update a recently approved Westside TAD Resurgens Fund project, changing the AMI levels from up to 60% to up to 80% of a three-story, mixed-use development located at 557 Lindsay Street, N.W., Atlanta, Georgia; (3) an additional allocation not to exceed $1,000,000.00 to aid in the construction of a new 50-unit multifamily development in the Castleberry Hill neighborhood located at 420 Chapel Street, S.W., Atlanta, Georgia 30313; (4) an allocation not to exceed $200,000.00 to complete the new construction and rehab of four single-homes located in the Vine City and E...
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Attachments:
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1. ADA - Lewis Crossing 420 Chapel - Westside TAD V2.pdf, 2. ADA - Single-Family Scattered Site Development - Westside TAD.pdf, 3. Executed 500 James P Brawley WTAD.pdf, 4. Executed ADA 410 Markum_ Final Res.WTAD.pdf, 5. Executed FINAL Resolution for 554 Paines.5.16.24.pdf, 6. Executed FINAL Resolution. Lewis Crossing. WTAD Ascension Fund Grant.pdf, 7. Executed Final Resolution.Atlanta Land Trust.WTAD 7.18.24.pdf, 8. Executed Final.Resolution 557 Lindsay Unit Mix changes.pdf, 9. 12.18.24. Invest Atlanta.WTAD.FultonCoResolution.pdf, 10. ADA - 410 Markham St. - Westside TAD Fact Sheet.pdf, 11. ADA - 500 James P. Brawley Drive - Westside TAD Fact Sheet.pdf, 12. ADA - 554 Paines Avenue -Westside TAD V2.pdf, 13. ADA - 557 Lindsay Street Unit Mix Change - Westside TAD V2.pdf
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Requested Action (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval of a Resolution consenting to and ratifying the use of Fulton County Ad Valorem Property Tax Increment for six (6) projects located in Westside Tax Allocation District 1 -Atlanta/Westside. The 6 projects include: (1) an allocation not to exceed $131,500.00 to aid in the development of new single-family homes in the English Avenue neighborhood located at 554 Paines Avenue, N.W., Atlanta, Georgia 30318; (2) to update a recently approved Westside TAD Resurgens Fund project, changing the AMI levels from up to 60% to up to 80% of a three-story, mixed-use development located at 557 Lindsay Street, N.W., Atlanta, Georgia; (3) an additional allocation not to exceed $1,000,000.00 to aid in the construction of a new 50-unit multifamily development in the Castleberry Hill neighborhood located at 420 Chapel Street, S.W., Atlanta, Georgia 30313; (4) an allocation not to exceed $200,000.00 to complete the new construction and rehab of four single-homes located in the Vine City and English Avenue neighborhoods; (5) an allocation not to exceed $750,000.00 to redevelop a neighborhood, mix-use development in the English Avenue neighborhood located at 500 James P. Brawley Drive, N.W., Atlanta, Georgia; and (6) an allocation not to exceed $940,000.00 to convert a brownfield parcel in Castleberry Hill into a 4,000 sq. ft. culinary kitchen incubator within a 4-story mixed-use hospitality community located at 410 Markham Street, S.W., Atlanta, Georgia. (Barrett) (APPROVED)
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