24-0909
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)
- Committee
- Board of Commissioners
- Requested by
- Board of Commissioners
- Introduced
- December 12, 2024
- On agenda
- December 18, 2024
- Passed
- December 18, 2024