Public Hearing: YES ☒ NO ☐ Department: Chief Executive Office
SUBJECT:
Title
Commission District(s): All Commission Districts
To adopt a resolution approving an urban redevelopment plan entitled “DeKalb County, Georgia Urban Redevelopment Plan - 4380 Memorial Drive” related to an urban redevelopment area located at 4380 Memorial Drive, Decatur, Georgia 30032.
Body
Information Contact: Zachary Williams, Chief Operating Officer and Executive Assistant
Phone Number: 404-371-2174
PURPOSE:
To adopt a resolution approving an urban redevelopment plan entitled “DeKalb County, Georgia Urban Redevelopment Plan - 4380 Memorial Drive” related to an urban redevelopment area located at 4380 Memorial Drive, Decatur, Georgia 30032.
NEED/IMPACT:
Pursuant to the Urban Redevelopment Law (OCGA Section 36-61-1 et seq.) the Governing Authority will hold / held a public hearing on May 13, 2025 regarding a proposed urban redevelopment plan entitled “DeKalb County, Georgia Urban Redevelopment Plan - 4380 Memorial Drive” related to an urban redevelopment area located at 4380 Memorial Drive, Decatur, Georgia 30032. The County staff recommends that the Governing Authority approve such Urban Redevelopment Plan for purpose of acquiring the premises, existing buildings and improvements located at 4380 Memorial Drive, Decatur, Georgia 30032.
FISCAL IMPACT:
The cost of acquiring the urban redevelopment area (i.e., the premises, existing buildings and improvements located at 4380 Memorial Drive, Decatur, Georgia 30032) pursuant to the Urban Redevelopment Plan is expected to be paid for with the proceeds of revenue bonds to be issued by the Urban Redevelopment Agency of DeKalb County, Georgia in a principal amount not to exceed $20 million.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the Chief Executive Officer to execute all necessary documents.