Public Hearing: YES ☐ NO ☒ Department: Board of Commissioners - District 2
SUBJECT:
Title
Commission District(s): District 2
Allocation of $5,000 from the 2024 District 2 Reserve for Appropriation Funding to Peachtree Creek Greenway for an Economic Impact Study
Body
Information Contact: Commissioner Michelle Long Spears
Phone Number: 404-371-2863
PURPOSE:
To allocate $5,000 from the 2024 District 2 Reserve for Appropriation funding to Peachtree Creek Greenway for an Economic Impact Study.
NEED/IMPACT:
The Peachtree Creek Greenway has commissioned an Economic Impact Study (EIS) to provide a detailed analysis of the economic benefits that the Greenway will bring to the community. The study will offer a comprehensive breakdown of how each section of the Greenway will contribute to economic growth, such as increased property values, enhanced retail and business activity, and overall economic development in DeKalb County. The study is being conducted by KB Advisory Group and will provide valuable data to quantify the returns on investment in the Greenway. This allocation from District 2 will be used to help fund this study.
FISCAL IMPACT:
Increase appropriations for the following account by the amount indicated below:
Non-Departmental - Unincorporated Fund - Other Miscellaneous Payments (09130.573099.272.0000.0000) - $5,000
Decrease appropriations for the following account by the amount indicated below:
Non-Departmental - Unincorporated Fund - Reserve for Appropriation (09130.579002.272.0000.0000) - $5,000
RECOMMENDATION:
Recommended Action
To approve the allocation of $5,000 from the 2024 District 2 Reserve for Appropriation funding to Peachtree Creek Greenway for an Economic Impact Study and authorize the Chief Executive Officer to execute all necessary documents.