Public Hearing: YES ☐ NO ☒ Department: Board of Commissioners - District 4
SUBJECT:
Title
Commission District(s): District 4
Allocation of $100,000 in DeKalb County General Funds, approved and obligated through the 2025-0883 Ad Valorem Tax Millage Rates and Budget Revisions, to the DeKalb Chamber of Commerce for the establishment of a Community Improvement District (CID) and/or Business Improvement District (BID) along the Memorial Drive Corridor from I-285 to the City of Stone Mountain limits.
Body
Information Contact: Commissioner Chakira Johnson
Phone Number: 404-371-7031
PURPOSE:
DeKalb Chamber of Commerce will execute the creation of a CID and or BID along the Memorial Drive Development Corridor from I285 to the city limits of Stone Mountain.
NEED/IMPACT:
The revitalization of the Memorial Drive corridor, extending from I-285 to the City of Stone Mountain limits, is a key driver of economic development for DeKalb County and the stakeholders throughout the area.
FISCAL IMPACT:
$100,000 in the DeKalb County General Funds and obligated through the 2025-0883 midyear budget amendment held in Planning and Sustainability account balance.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the Chief Executive Officer to execute all necessary documents.