Public Hearing: YES ☐ NO ☒ Department: Chief Executive Office
SUBJECT:
Title
Commission District(s): All Commission Districts
To adopt a resolution designating the area located at 4380 Memorial Drive, Decatur, Georgia 30032 as an urban redevelopment area pursuant to the Urban Redevelopment Law.
Body
Information Contact: Zachary Williams, Chief Operating Officer and Executive Assistant
Phone Number: 404-371-2174
PURPOSE:
To adopt a resolution designating the area located at 4380 Memorial Drive, Decatur, Georgia 30032 as an urban redevelopment area pursuant to the Urban Redevelopment Law.
NEED/IMPACT:
The Urban Redevelopment Law (OCGA Section 36-61-1 et seq.) authorizes the Governing Authority to designate certain areas within DeKalb County as an “urban redevelopment area” which the Governing Authority designates as appropriate for an “urban redevelopment project” pursuant to the Urban Redevelopment Law After careful study and investigation, the County staff recommends that the Governing Authority designate the area located at 4380 Memorial Drive, Decatur, Georgia 30032 (as more specifically described in Exhibit A of the attached resolution) as an urban redevelopment area pursuant to the Urban Redevelopment Law.
FISCAL IMPACT:
There is no fiscal impact to the County of designating the area located at 4380 Memorial Drive, Decatur, Georgia 30032 as an urban redevelopment area - however, the Urban Redevelopment Agency of DeKalb County is expected to issue its revenue bonds at a later date to finance the cost of acquiring such property - which property is currently leased by the County from a private party.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the Chief Executive Officer to execute all necessary documents.