Loading chat...
GA HB1077
Bill
Status
Passed
4/7/2014
Primary Sponsor
Regina Quick
Click for details
AI Summary
- Amends the Act creating the Downtown Athens Development Authority, a seven-member public corporation responsible for the redevelopment of the Downtown Athens Area in Athens-Clarke County, Georgia
- Establishes the Downtown Athens Area as a special tax district with authority to levy up to one mill on real property values, requiring approval by the Mayor and a two-thirds vote of the Unified Government Commission; tax levies effective beginning January 1, 2015
- Exempts owner-occupied residences and property used exclusively for church and educational purposes from the authority's tax levies
- Grants the authority broad powers including issuing revenue bonds (maturing up to 40 years), exercising eminent domain with two-thirds Commission approval, acquiring and developing property, and borrowing money — with bonds not constituting debt of the Unified Government of Athens-Clarke County
- Specifies board composition: two downtown commercial property owners and two downtown business operators (all active Athens Downtown Council members) appointed by the Mayor and Commission, plus the Mayor, one Commission member, and the Athens Area Chamber of Commerce Chairperson serving by virtue of their offices
Legislative Description
Downtown Athens Development Authority; provide for powers, duties and responsibilities; provisions
Last Action
Effective Date
4/7/2014
Full Bill Text
No bill text available