F'ville continues pursuit of redevelopment

Mon, 01/04/2010 - 8:44am
By: Ben Nelms

Members of the Fayetteville City Council at the Jan. 7 meeting will consider a resolution asking for the passage of local legislation that will lead to a referendum which, if approved by voters, would give the city redevelopment powers needed to move ahead with Tax Allocation District (TAD) projects identified last year.

City Manager Joe Morton in a Dec. 23 letter said Rep. Matt Ramsey had agreed to introduce the local legislation. Once accomplished, the referendum could be held later this year in July, September or November.

The city last year was awarded a Livable Centers Initiative grant by the Atlanta Regional Commission to develop strategies that assist with proposed TAD development projects.

A qualifying TAD area must be either blighted or distressed, deteriorating or one with inadequate infrastructure. The council in meetings last year identified four such commercial areas that could benefit from redevelopment activities.

Specific TAD projects most also be approved by the County Commission and School Board. In essence, a TAD is not a new tax but rather a diversion of existing taxes in a specific geographic area to be used for redevelopment purposes.

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