Item # 3
A RESOLUTION
NO._________
A RESOLUTION BY THE COUNCIL OF COLUMBUS, GEORGIA TO CREATE COLUMBUS,
GEORGIA CONSOLIDATED GOVERNMENT TAX ALLOCATION DISTRICT #4: 2nd AVENUE/CITY
VILLAGE; TO DESIGNATE THE BOUNDARIES OF THE REDEVELOPMENT AREA AND TAX
ALLOCATION DISTRICT; TO ESTABLISH THE LAST KNOWN TAX INCREMENT BASE AND ADOPT A
REDEVELOPMENT PLAN FOR THE AREA; TO ESTABLISH THE INTENT TO ISSUE AND SELL TAX
ALLOCATION BONDS AS NECESSARY TO EFFECTUATE THE REDEVELOPMENT OF THE AREA; AND
FOR OTHER PURPOSES.
WHEREAS, the Redevelopment Powers Law, O.C.G.A. ? 36-44-1 et seq., provides for
the exercise of redevelopment powers and the creation of redevelopment plans
and tax allocation districts by counties, municipalities, and consolidated
governments in the State of Georgia; and
WHEREAS, the purpose of the Redevelopment Powers Law is to improve economic and
social conditions within economically and socially depressed urban areas that
contribute to or cause unemployment, limit the tax resources of local governing
authorities while creating a greater demand for government services, and have
deleterious effect upon the public health, safety, morals, and welfare; and
WHEREAS, In accordance with O.C.G.A. ?36-44-4(a), the Columbus Council
(?Council?) previously designated itself as the redevelopment agency to
exercise the provisions of the Redevelopment Plan and the Redevelopment Powers
Law with the delegation of certain administrative functions to the Columbus
Development Authority (Ordinance No.15-51), and
WHEREAS, it is in the public interest of the Columbus, Georgia Consolidated
Government (the ?CCG?) that the Redevelopment Powers Law be exercised to enable
public-private partnerships to improve economic and social conditions in
certain areas adjacent to the Chattahoochee River in the heart of Columbus
constituting approximately 992 acres (hereinafter the ?River District
Redevelopment Area?) by supporting redevelopment of the River District
Redevelopment Area as more fully described and mapped in the Redevelopment Plan
(as defined herein), attached hereto as Exhibit ?A?, in order to insure that
such areas be developed to the maximum extent practicable to improve economic
and social conditions therein in order to abate or eliminate deleterious
effects to the public health, safety, morals and welfare; and;
WHEREAS, Council recognizes that the River District Redevelopment Area is an
area located within a developed area that is substantially underutilized and is
adversely affected by environmental factors that retard and impair
redevelopment and that the area substantially impairs the sound growth of the
community, O.C.G.A.?3(7),specifically subparagraphs A(i),A(iii),B(i),B(ii),and
B(iii); and
WHEREAS, the Council has determined that it is in the best interest of the CCG
and its citizens, and that redevelopment of the River District Redevelopment
Area will best be served by the separation and creation of one or more smaller
Tax Allocation Districts within the boundaries of the overall Redevelopment
Area, and has designated the boundaries of Tax Allocation District #4: 2nd
Avenue/City Village (the ?TAD?)to include 990 tax parcels and 371 acres located
within the boundaries of the River District Redevelopment Area; and
WHEREAS, the Columbus, Georgia Consolidated Government River District Tax
Allocation District Redevelopment Plan (the ?Redevelopment Plan?) has been
prepared for the River District Redevelopment Area in accordance with the
requirements of O.C.G.A ? 36-44-3(9); and
WHEREAS, the Council held public hearings at the meetings of December 8, 2015,
December 15, 2015, and January 26, 2016 duly noticed as prescribed by law and
published in the Columbus Ledger Enquirer and as set forth in the minutes of
said meetings. The purpose of the meetings was to receive suggestions and
comments on the proposed redevelopment plan and the tax allocation districts
described therein; and
WHEREAS, Council desires to adopt the Redevelopment Plan and create the
Columbus, Georgia Consolidated Government Tax Allocation District#4: 2nd
Avenue/City Village (the ?TAD?).
NOW, THEREFORE, THE COUNCIL OF COLUMBUS, GEORGIA HEREBY RESOLVES AS FOLLOWS:
Section 1. Council finds that many properties in the River District
Redevelopment Area have not been subject to growth or redevelopment through
private enterprise and would not reasonably be anticipated to be developed with
the same quality and within the same time frame without the approval of the
Redevelopment Plan.
Section 2. Council finds that the improvement of the River District
Redevelopment Area is likely to enhance the value of a substantial portion of
other real property in the area.
Section 3. Council adopts the attached Redevelopment Plan, attached to this
Resolution as Exhibit ?A? and incorporated herein by reference, as the
Redevelopment Plan for the aforesaid area.
Section 4. Council creates Tax Allocation District#4: 2nd Avenue/City Village
pursuant to the Redevelopment Plan and the Redevelopment Powers Law and
designates the boundaries of the district as described in the Redevelopment
Plan and shown on the map attached hereto as Exhibit ?B?. Other TAD?s proposed
in the Redevelopment Plan are not approved pursuant to this Resolution, but may
be adopted by separate resolutions.
Section 5. The TAD is hereby created as of December 31, 2016, and shall
continue in existence until all redevelopment costs, including financing costs,
are paid in full.
Section 6. The CCG hereby establishes the estimated Tax Allocation Increment
Base to be $30,265,438 based on the last known assessed valuation of the TAD
which was as of December 31,2015, subject to updating the estimate using the
2016 digest numbers when available and the certification of the State of
Georgia?s revenue commissioner as provided O.C.G.A. ? 36-44-10. The property
taxes to be used for computing tax allocation increments for the Columbus,
Georgia Consolidated Government shall include all M&O Millage on real property
within the TAD as specified in the attached Redevelopment Plan and incorporated
herein by reference. Any property taxes levied to repay bonded indebtedness,
property taxes on personal property or motor vehicles and ad valorem taxes
collect from public utilities and railroad companies will be excluded from the
Tax Allocation Increment Base in accordance with O.C.G.A. ?36-44-3(1).
Section 7. Council intends where feasible and cost effective to authorize the
issuance of Tax Allocation Bonds or other forms of financing as determined by
CCG for any and all eligible uses as permitted under the Redevelopment Powers
Law as may be necessary to implement provisions of the Redevelopment Plan.
Section 8. The property proposed to be pledged for payment or as security for
payment of tax allocation bonds will include the positive ad valorem tax
allocation increments derived from real property within the TAD for the life of
the district.
Section 9. All resolutions and parts of resolutions in conflict with this
resolution are hereby rescinded to the extent of any such conflict.
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Introduced at a regular meeting of the Council of Columbus, Georgia held on the
8th day of March, 2016, and adopted at said meeting by the affirmative vote of
______ members of Council.
Councilor Allen_____________.
Councilor Baker_____________.
Councilor Barnes____________.
Councilor Buck______________.
Councilor Davis_____________.
Councilor Henderson_________.
Councilor Huff______________.
Councilor Pugh______________.
Councilor Thomas____________.
Councilor Woodson___________.
____________________________ _______________________________
TINY B. WASHINGTON, CLERK TERESA PIKE TOMLINSON, MAYOR
EXHIBIT ?A?
REDEVELOPMENT PLAN
EXHIBIT ?B?
MAP OF TAX ALLOCATION DISTRICT
Attachments