A Resolution Authorizing AND GRANTING VICTORY CROSSING APARTMENTS, L.P. TAX EXEMPTIONS, AS ALLOWED UNDER
THE ENTERPRISE ZONE ORDINANCE(S) 98-30;00-106; AND 01-29 FOR THE PROJECT
LOCATED AT 3323 NORTH LUMPKIN ROAD AND PROVIDING OTHER FINANCIAL INCENTIVES TO
INCLUDE EXEMPTION OF BUILDING PERMIT FEES; SIGN PERMIT FEES; BUSINESS LICENSE
ADMINISTRATION FEES; REZONING FEES; AND ENGINEERING FEES. whereas, City Council amended Ordinance 98-30, to provide that residential construction
shall be allowed as a qualified business enterprise as defined under the
Georgia Enterprise Zone Employment Act of 1997. Victory Crossing Apartments
L.P., meet the criteria established to be eligible for tax abatement and other
incentives as allowed; and,
whereas, this project will infuse approximately $12.1million dollars into the
community. The value of the development project to the economic health and
well being of Columbus/Muscogee County and its citizens is apparent. The
Capital investment exceeds the amount of ad valorum tax to be abated. The
construction of the project will promote jobs for low and moderate income
persons.
WHEREAS, the tax abatement and the forgiveness of fees is insignificant to the
economic impact to the community.
That Victory Crossing Apartments, L.P. is hereby granted tax exemptions, as
allowed under the Enterprise Zone Ordinance(s) 98-30;00-106; and 01-29 for the
project located at 3323 North Lumpkin Road and providing other financial
incentives to include exemption of Building Permit Fees; Sign Permit Fees;
Business License Administration Fees; Rezoning Fees; and Engineering Fees.
___________
Introduced at a regular meeting of the Council of Columbus, Georgia, held the _________ day of _____________ and adopted at said meeting by the affirmative vote of _____________ members of said Council.
No attachments for this document.