Agenda Item # 2
Columbus Consolidated Government
Council Meeting
9/13/16
Agenda Report # 35
TO: Mayor and Council
SUBJECT: Tax Allocation District Redevelopment Plan (TADRP):
MidTown Columbus
INITIATED BY: MidTown Inc / Columbus Consolidated Government
Recommendation: The Planning Department recommends approval of the
proposed TADRP: MidTown Columbus.
Background: This plan presents the rationale, boundaries, fiscal data
and proposed projects which could result from the formation of the Columbus
Consolidated Government, Tax Allocation Districts #5? MidTown West and Tax
Allocation District #6? MidTown East. This redevelopment plan was prepared by
Bleakly Advisory Group, Inc. (BAG) in conformance with the provisions of
Georgia Redevelopment Powers Law (O.C.G.A. Title 36 Chapter 44) which governs
the creation of the Tax Allocation Districts (TADs) in the state. This plan was
prepared in cooperation with the City of Columbus, on behalf of MidTown, Inc.
Analysis: The purpose of the proposed TADs is to support new commercial
and residential infill development within the MidTown Redevelopment Area.
Together the two TADs will help future developers overcome deficient public
infrastructure, address off-site costs and other impediments which have made
development of many MidTown properties economically unfeasible to date.
Financial Considerations: See attached proposed TAD.
Projected Annual Fiscal Impact Statement: N/A
Legal Considerations: The proposed area meets the statutory definition of a
Redevelopment Area under five specific provisions of the Redevelopment Powers
Law.
Recommendations/ Actions: The Planning Department recommends approval of the
proposed TADRP: MidTown Columbus.
Attachments