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File #:
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22-0586
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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8/17/2022
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Final action:
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8/17/2022
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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 projects located in the Westside Tax Allocation District (TAD) Bond District No.1 - Atlanta/Westside: (1) an allocation not to exceed $325,000.00 for the development of affordable multifamily residential units to be renovated in accordance with the historic style of the original structure located at 613 Echo Street, NW, Atlanta, Georgia 30318; (2) a $340,000.00 allocation to provide funding for six affordable rental units located at 400 Paines Avenue, NW, Atlanta, Georgia, 30314; and (3) a $450,000.00 allocation to finance the stabilization and historic preservation of 220 Sunset Avenue, NW, Atlanta, Georgia 30314, which will ultimately lead to affordable multifamily housing. (Morris) (APPROVED)
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Attachments:
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1. Westside TAD, 2. 2022-0586
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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 projects located in the Westside Tax Allocation District (TAD) Bond District No.1 - Atlanta/Westside: (1) an allocation not to exceed $325,000.00 for the development of affordable multifamily residential units to be renovated in accordance with the historic style of the original structure located at 613 Echo Street, NW, Atlanta, Georgia 30318; (2) a $340,000.00 allocation to provide funding for six affordable rental units located at 400 Paines Avenue, NW, Atlanta, Georgia, 30314; and (3) a $450,000.00 allocation to finance the stabilization and historic preservation of 220 Sunset Avenue, NW, Atlanta, Georgia 30314, which will ultimately lead to affordable multifamily housing. (Morris) (APPROVED)
body
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