Beruflich Dokumente
Kultur Dokumente
A RESOLUTION BY
COUNCILMEMBER MICHAEL JULIAN BOND
WHEREAS, the Westside Resolution was previously amended by Resolution No. 98-R-
1911, adopted by the Council on October 19, 1998 and approved by the Mayor on October 27,
1998, and by Resolution No. 08-R-1549, adopted by the Council on August 18, 2008 and
approved by the Mayor on August 21, 2008 (collectively, the “Prior Amendments” and,
together with the Westside Resolution, the “City Resolution”); and
WHEREAS, the City has determined that the goals and objectives identified in the
Westside Redevelopment Plan, including, among other, those originally identified for the
“Railroad Gulch” portion of the Westside Redevelopment Area, have not been fully achieved;
and
WHEREAS, since the City’s adoption of the Prior Amendment to the Westside
Redevelopment Plan, the State of Georgia (the “State”), acting through the Georgia General
Assembly, amended Chapter 88 of Title 36 of the Official Code of Georgia Annotated (the
“Enterprise Zone Employment Act of 1997”) to provide additional incentives to encourage the
development of urban redevelopment areas, including the Westside Redevelopment Area; and
WHEREAS, in order to leverage the funding incentives provided by the State the City,
pursuant to Ordinance No. 17-O-1737 adopted by the City on November 20, 2017 and approved
by the Mayor on November 29, 2017 created the “Gulch Enterprise Zone” within the Westside
TAD and now desires to amend the Westside Redevelopment Plan in order to extend the
termination date of the Westside TAD to December 31, 2048; and
Section 1.01. Amendment of Westside TAD Termination Date. The section of the
Westside Redevelopment Plan entitled “Creation and Termination Dates” is hereby amended by
extending the termination date of the Westside TAD from December 31, 2038 to December 31,
2048. The specific amended provision of the Westside Redevelopment Plan is attached hereto as
Exhibit “B” and hereby replaces the existing provision thereof entitled “Creation and
Termination Dates”.
Section 1.03. Amendments to the Zoning and Land Use Compatibility. The section
of the Westside Redevelopment Plan entitled “Zoning and Land Use Compatibility” Sub Area C
is hereby amended to address the current zoning of the property. The specific amended
provision of the Westside Redevelopment Plan is attached hereto as Exhibit “B” and hereby
replaces the existing provision thereof entitled “Zoning and Land Use Compatibility” Sub Area
C.
Section 1.04. Repealing Clause. All resolutions or parts thereof of the City in conflict
with the provisions herein contained are, to the extent of such conflict, hereby superseded and
repealed; provided, however, to the extent amended hereby, the City Resolution is hereby
continued in full force and effect.
Section 1.05. Effective Date. This resolution shall take effect immediately upon its
adoption.
EXHIBIT “A”
Notice is hereby given that a Resolution will be considered on the 11th day of September,
2018 at 12:30 P.M. at the Atlanta City Hall, Second Floor, Committee Room 1, 55 Trinity
Avenue, S.W., Atlanta, GA 30303, for the purpose of amending The Westside Redevelopment
Plan and Tax Allocation Bond District (Tax Allocation District Number 1, as Amended -
Atlanta/Westside), established by the City of Atlanta on July 13, 1998, said Resolution being
captioned as follows:
A copy of the proposed Resolution is on file in the Office of the Municipal Clerk of the
City of Atlanta for the purpose of examination and inspection by the public.
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It is proposed that the Redevelopment Area be designated by the City Council at the
earliest possible date and that the accompanying Tax Allocation District becomes effective no
later than December 31, 1998.
It is proposed that the Redevelopment Area and accompanying Tax Allocation District
remain in existence for a period of no greater than fifty years, terminating December 31, 2048.
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It is anticipated that the total of all Bond issues which are expected to be required to
address the Westside TAD Redevelopment Plan will be approximately $800,000,000,
provided that such amount is subject to development demand and other market
conditions and may be adjusted upward or downward as market conditions dictate.
It is proposed that the term of the Tax Allocation Bond issues be not greater than Thirty
(30) years or the maximum term permitted by law.
It is anticipated that the fixed or adjustable interest rate(s)allocable to the Tax Allocation
Bond issues will be a tax exempt rate if possible. The actual rate, however, will be
determined at the time of issue based upon general conditions within the bond market,
anticipated development within the Redevelopment Area, and assessed taxable property
value.
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ZONING AND LAND USE COMPATIBILITY
Sub Area C This sub-area contains the Rail-Road Gulch and is zoned Downtown
Special Public Interest District ("SPI-1"). This zoning is compatible with the proposed
uses such as Office, Retail and Residential. This zoning will also encourage the goals
of the redevelopment plan including but not limited to connectivity to transit and
pedestrian friendly development.