Department
Finance
Requested Action (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval of a Resolution authorizing an amendment of the project list relating to the Urban Redevelopment projects expected to be financed with the proceeds of the Fulton County Urban Redevelopment Agency’s Facilities Improvement Revenue Bonds, Series 2021 (The “Series 2021 Bonds”), and for other purposes.
body
Requirement for Board Action (Cite specific Board policy, statute or code requirement)
Section 1.150-2 Treasury Regulations, 26 CFR § 1.150-2
Strategic Priority Area related to this item (If yes, note strategic priority area below)
Open and Responsible Government
Commission Districts Affected
All Districts ☒
District 1 ☐
District 2 ☐
District 3 ☐
District 4 ☐
District 5 ☐
District 6 ☐
Is this a purchasing item?
No
Summary & Background (First sentence includes Agency recommendation. Provide an executive summary of the action that gives an overview of the relevant details for the item.)
Scope of Work: Request approval of the attached resolution to authorize amendment of the Project List originally adopted June 2, 2021. The FCURA bond of $55 million is expected to be issued prior to December 31, 2021 that will provide funding for the three previously approved projects for the Animal Shelter, a Public Safety building, and new climate control air handling units in the Justice Center Tower and Carnes Building. This amended resolution affirms the projects are in approved urban redevelopment plans, and allows executive management authorization to take all actions to effect the purpose of the above project resolution.
Community Impact: Ensures long term funding of the above projects
Department Recommendation: Recommend approval
Project Implications: Provides funding to begin these projects.
Community Issues/Concerns: None
Department Issues/Concerns: None