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  • Revelopment Powers Law Presentation

    Încărcat de

    خير الأنام الحبشى
    17 vizualizări14 pagini
    Vote November 8 Redevelopment Powers Law. A tool that could position community for these retailers and more. Increasing property values to grow tax base which could keep our individual property taxes down long-term.

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    Vote November 8 Redevelopment Powers Law. A tool that could position community for these retailers and more. Increasing property values to grow tax base which could keep our individual property taxes down long-term.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    17 vizualizări14 pagini

    Revelopment Powers Law Presentation

    Încărcat de

    خير الأنام الحبشى
    Vote November 8 Redevelopment Powers Law. A tool that could position community for these retailers and more. Increasing property values to grow tax base which could keep our individual property taxes down long-term.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 14

    Redevelopment Powers Law

    Public Information Session

    Economic Development Tool


    Publicly Controlled Sites United Economic Development Organization

    Creative Financing Revenue Bonds

    One-Stop Shop Permitting

    Redevelopment Powers Law

    .A tool that could position community for these retailers and more.

    .Other Outcomes

    Secondary JOBS

    Sales Tax Leakage

    The Question November 8 Ballot


    Shall the Act be approved which authorizes ______ (Whitfield County, Dalton,Varnell or Tunnel Hill) to exercise redevelopment powers under the Redevelopment Powers Law, as it may be amended from time to time? ( )yes ( )no

    How Georgia Defines Redevelopment Powers Law


    Creation of Districts in areas of old, blighted properties, with sewer, current generating minimal taxes and few jobs

    Increasing property values to grow tax base which could keep our individual property taxes down long-term

    How Redevelopment Districts Work


    Suspect Districts identified Private developer partner Identified Redevelopment Agency created Governance

    Local government approves plan


    Revenue Bonds Issues (not General Obligation) Baseline value of District declared on 12/31 Redevelopment project constructed Increased property values (sales and/or property) repays

    bonds

    Who Guarantees Bonds?


    Private Developer

    City, county nor Redevelopment

    Agency is on the hook for bond repayment

    Example of Possible Redevelopment District in Greater Dalton

    Local Government Budgets ALWAYS made Whole First

    Redevelopment Increased Tax Value $125.00

    Baseline Property Tax Base as Blighted Property $100.00

    $100.00 = General Fund $25.00 = District Bond

    Is this something new?


    Georgia - 1985
    27+/- Redevelopment Districts in Georgia NO FAILURE, to

    date (Rome, Atlanta region, Lagrange-Troup County, Gainesville, etc.)

    Atlantic Station, Atlanta

    Potential Retailers

    More Questions?
    Citizens for Jobs P.O. Box 1815 Dalton, GA 30722 Chairman: Dana Holsomback Email: info@redevelopmentpowers.com
    www.redevelopmentpowers.com

    Vote November 8 Redevelopment Powers


    www.RedevelopmentPowers.com

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