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File #: 2021-2369    Version: 1 Name:
Type: Resolution Status: Action
File created: 3/16/2021 In control: Board of Commissioners
On agenda: 8/24/2021 Final action:
Title: Commission District(s): All Commission Districts A Resolution Conveying the Policy of DeKalb County concerning a Property Tax Abatement for the Manor Druid Hills Apartment/Hotel/Medical/Office Project in the City of Brookhaven
Attachments: 1. Substitute 2021 08.10 Item 2021-2369, 2. Manor Druid Hills Resolution 3-16-21, 3. DRUID MANOR PROJECT - Brookhaven Ga - PowerPoint Presentation #2 14 March 2021, 4. Manor Druid Hills_Project Fact Sheet_2.1.2021
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
8/24/20211 Board of Commissioners    Not available Meeting details Video Video
8/16/20211 PECS-Planning, Economic Development & Community Services Committee recommended for approval.Pass Action details Meeting details Not available
8/10/20211 Board of Commissioners    Not available Meeting details Video Video
7/29/20211 PECS-Planning, Economic Development & Community Services Committee No recommendation  Action details Meeting details Not available
7/27/20211 PECS-Planning, Economic Development & Community Services Committee no official recommendation  Action details Meeting details Not available
7/27/20211 Board of Commissioners    Not available Meeting details Video Video
7/14/20211 PECS-Planning, Economic Development & Community Services Committee recommended for deferralPass Action details Meeting details Not available
7/13/20211 Board of Commissioners    Not available Meeting details Video Video
6/22/20211 PECS-Planning, Economic Development & Community Services Committee recommended for deferralPass Action details Meeting details Not available
6/22/20211 Board of Commissioners    Not available Meeting details Video Video
6/8/20211 PECS-Planning, Economic Development & Community Services Committee recommended for deferralPass Action details Meeting details Not available
6/8/20211 Board of Commissioners    Not available Meeting details Video Video
5/25/20211 PECS-Planning, Economic Development & Community Services Committee recommended for deferralPass Action details Meeting details Not available
5/25/20211 Board of Commissioners    Not available Meeting details Video Video
5/11/20211 PECS-Planning, Economic Development & Community Services Committee no official recommendation  Action details Meeting details Not available
4/27/20211 Board of Commissioners    Not available Meeting details Video Video
4/13/20211 PECS-Planning, Economic Development & Community Services Committee recommended for deferralPass Action details Meeting details Not available
4/13/20211 Board of Commissioners    Not available Meeting details Video Video
3/23/20211 PECS-Planning, Economic Development & Community Services Committee recommended for denialPass Action details Meeting details Not available
3/23/20211 Board of Commissioners deferred to the next meetingPass Action details Meeting details Video Video
3/16/20211 Committee of the Whole Accepted to the BOC agenda and assigned  Action details Meeting details Not available

Substitute

Public Hearing:  YES      NO                                                   Department: Board of Commissioners - District 2                                     

 

SUBJECT:

Title

Commission District(s): All Commission Districts

A Resolution Conveying the Policy of DeKalb County concerning a Property Tax Abatement for the Manor

Druid Hills Apartment/Hotel/Medical/Office Project in the City of Brookhaven

Body

 

Information Contact: Jeff Rader and Ted Terry, Commissioners

Phone Number: 404-371-2693

 

PURPOSE:

To Enact A Resolution Conveying the Policy of DeKalb County concerning a Property Tax Abatement for the
Manor Druid Hills Apartment/Hotel/Medical/Office Project in the City of Brookhaven.

 

NEED/IMPACT:

This resolution opposes the transaction as structured and explained in the attached July 16, 2021 letter from Mayor Ernst of Brookhaven. This resolution shows the County’s support of a transaction with the following different characteristics:

 

1.                     The Transaction will be structured to the standard graduated schedule with a ten year term, starting at 50% taxable, and increasing 5% per year until fully taxable in the 11th year,

2.                     The Transaction shall provide for a Payment in Lieu of Taxes in an amount to ensure that the DeKalb County School District receives revenue in an amount equal to all tax revenues normally due were the project fully taxable to the DeKalb County School District over the term of the Transaction, and

3.                     The tax abatement generated by the Project shall apply to municipal ad valorem taxes to the same extent that it applies to County ad valorem taxes.

 

FISCAL IMPACT:

As proposed, the school district would receive payment in lieu of taxes equal to the revenue it would have received without the tax abatement. The abatement applies equally to the County and the City.

 

RECOMMENDATION:

Recommended Action

Adopt the attached Resolution and authorize the Chief Executive Officer to execute all necessary documents