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Atlanta City Council to Hold Special-Called Meeting Wednesday to Consider the Gulch Project and the Water and Wastewater System Revenue Refunding Bonds

Post Date:10/18/2018 3:01 PM

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FOR IMMEDIATE RELEASE
Council Communications
Atlanta City Council
55 Trinity Avenue, SW, Suite 2551
Atlanta, Georgia 30303

 

CONTACT:
Dexter Chambers
Director, Office of Communications
Office: (404) 330-6309
Mobile: (404) 392-0159
Email: dchambers@atlantaga.gov

 

October 18, 2018

Atlanta City Council to Hold Special-Called Meeting Wednesday to Consider the Gulch Project and the Water and Wastewater System Revenue Refunding Bonds

WHAT:            Special-Called meeting of the Atlanta City Council

WHEN:            12 p.m., Wednesday, Oct. 24, 2018

WHERE:         Council Chamber, Atlanta City Hall, 55 Trinity Avenue, S.W.

The Atlanta City Council will hold a special-called meeting at 12 p.m. Wednesday, Oct. 24 in the Council Chamber. The council will consider several legislative items related to the Atlanta Gulch Project. CIM Group has submitted a proposal to develop the Gulch, a 40-acre underutilized tract of land in downtown Atlanta, into a $5B mixed-use development.

Mayor Keisha Lance Bottoms’ administration announced that it will present an amended Gulch proposal to City Council that will eliminate the planned 10-year extension of the Westside Tax Allocation District (TAD). The TAD was created in the 1990s and allows local government to freeze property tax collections at current levels for a period of time and use future expected increases in property values over many years to fund infrastructure and other improvements in the district. CIM Group’s development will benefit from TAD financing of infrastructure improvements. Without the extension, the Westside TAD will expire in 2038.

 Moore Letter 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Photo caption:
Council President Felicia Moore’s objection letter to Mayor Keisha Lance Bottoms, members of the Atlanta City Council and the city’s chief financial officer.

Atlanta City Council
The Atlanta City Council is the chief policy-making body for the City of Atlanta: it acts by considering and enacting all laws that govern the City. The council also approves the operating and capital budgets for the City as recommended by the mayor, and it continually monitors revenues and expenditures for local government operations. The Atlanta City Council reviews and has final say on many land-use and zoning matters. Major economic development projects for the City also fall under the council’s consideration.

The Atlanta City Council is comprised of 12 districts and three at-large posts:

 

Council President: Felicia A. Moore

 

District 1: Carla Smith

District 6: Jennifer N. Ide

District 11: Marci Collier Overstreet

District 2: Amir Farokhi

District 7: Howard Shook

District 12: Joyce M. Sheperd

District 3: Ivory Lee Young

District 8: J.P. Matzigkeit

Post 1 At-Large: Michael Julian Bond

District 4: Cleta Winslow

District 9: Dustin Hillis

Post 2 At-Large: Matt Westmoreland

District 5: Natalyn Mosby Archibong

District 10: Andrea L. Boone

Post 3 At-Large: Andre Dickens


Council information, committee agendas and more may be found on the Atlanta City Council website
here. Video archives of the council’s regularly scheduled meetings, committee meetings and work sessions may be found here.

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