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Developer Proposals wanted for TAD Projects
Sandy Springs TAD Approved (December 2003) A Tax Allocation District for Sandy Springs was approved Thursday, Dec. 11 by the Fulton County Board of Education. The TAD will be used to help jump-start redevelopment of the aging Roswell Road business corridor though traffic and improvement projects. "We are very pleased that the board of education recognized the benefits of this TAD and voted in line with the wishes of the constituents of this community," said Jim Anderson, a board member of Sandy Springs Revitalization, Inc, the sponsoring organization. The board voted 4 to 3 in favor of the proposal. Gail Dean and Julia Bernath, who represent Sandy Springs, supported the measure. Vice Chair Zenda Bowie of south Fulton and Ron Jackson of north Fulton also voted in favor.
Sandy Springs TAD gets Unanimous Support (November 2003) The Fulton County Board of Commissioners unanimously approved the Sandy Springs Tax Allocation District on Wednesday, Nov. 19. The vote was 7 to 0. The TAD was proposed to address traffic congestion and draw quality retail, restaurants, office space and jobs to the commercial corridor of Sandy Springs. The proposal also needs to be approved by the Fulton County Board of Education. The measure is expected to be considered by the board of education on December 11.
SSRI puts forward TAD proposal to benefit Sandy Springs (July 2003) The board of directors for Sandy Springs Revitalization, Inc. is proposing a Tax Allocation District, or a TAD, for Sandy Springs in an effort to make the Roswell Road business district more attractive to quality businesses and shoppers and improve the overall value and safety of Sandy Springs.
After considering alternative funding mechanisms, the volunteer board of directors believes a TAD is the best vehicle available to address traffic congestion and draw quality retail, restaurants, office space and jobs to the commercial corridor of Sandy Springs.
The effort to establish a TAD is being driven by widespread business and residential concern over a decline in the commercial district and the presence of a number of marginal businesses in the district. A TAD would allow Sandy Springs to keep a small portion of property taxes generated here, to be spent on community improvement efforts in Sandy Springs.
A TAD is not a tax increase. Instead, it puts aside the future growth on properties only with in the TAD district to be spent on improving the TAD district. The Sandy Springs TAD would allocate the growth on less than 1 percent of the overall Fulton County taxable property value toward community improvement initiatives and would draw matching federal dollars.
SSRI and the board of directors for the Sandy Springs Business Association have unanimously approved the TAD proposal. The new TAD proposal has been revised to reflect a smaller geographical area than a proposal put forth in 2002. The proposed tax allocation district centers along the Roswell Road business corridor, from the Atlanta city limits north to Trowbridge Road.
The revised TAD proposal was developed through input from a broad array of civic organizations, interested parties, and elected officials and represents the only comprehensive plan put forth to improve the quality of the commercial district and thereby protect the adjacent residential neighborhoods.
The TAD proposal must be approved by the Fulton County Board of Education and the Fulton County Board of Commissioners. Community support is vital to getting the TAD passed for the benefit of all of Sandy Springs.
SSRI plans to hold community meetings to discuss the TAD proposal with neighborhoods, businesses and civic organizations during the summer and fall months of this year. Contact Donna Gathers, Executive Director of the Sandy Springs Business Association (404) 255-5351. |
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