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Lawrenceville to vote on TADs

LAWRENCEVILLE -- Plans for Tax Allocation Districts, one on the Ga. Highway 120 corridor near Gwinnett Medical Center, the other on the Gwinnett College boundary, were discussed Monday night by the Lawrenceville City Council with possible approval at a special-called session later this month.

Under the state's Redevelopment Power Law, taxes can be reinvested in a TAD to help the infrastructure in that area, basically a financial incentive for future development.

"This is not a tax increase," Councilman Tony Powell said. Everyone in the district still pays the same taxes, but they can be used to help redevelop the area, and create jobs for a period up to 30 years.

TAD No. 1 (Ga. 120 corridor) consists of 156 parcels on 192 acres with potential revenues of $17 million to $18 million, while TAD No. 2 contains 293 parcels on 497 acres with $18.3 million in possible revenues.

At its regular meeting, the council also amended its alcohol beverage sales ordinance to allow wine shops to sell both beer and wine by the drink.In other business, the council: Allowed the city's chief judge to authorize the establishment of a court order surcharge amount to be added to any fine for a city violation.

Accepted the final draft of the audit report to be made a matter of public record.

Approved the abandonment of Seminary Street located in front of old City Hall since it's ceased to be used by the public. The street now reverts back to Gwinnett County.

Approved sewer easements on the Paper Hill Road property.

Announced that Oct. 22 is Recycling Day from 9 a.m. to 1 p.m. at the 20 S. Clayton St. parking lot for old paint, metal and paper. The event is open to the public.

Approved funding of $672 per month to IQM2 for the lease of a software program used in the city clerk's office.

Approved the low bid from G.S. Construction of $398,190 for the Ezzard Road Drainage Project.

OK'd the low bid of $78,323 to CMC Inc. for the ADA Sidewalk Project.

Passed a request for the purchase of equipment for $11,642. The equipment will assist the Gas Department with Public Service Commission regulatory compliance issues.

Comments

NewsReader 2 years, 10 months ago

Great! Now Lawrenceville can jump on the bandwagon of people who siphon money from property tax revenue to benefit developers in economically depressed communities at the expense of education on those very same communities. Aren't TADs a wonderful addition to our constitution that the people of Georgia were duped into voting for by such attractive and misleading wording of the actual referendum? This is almost as good as voting away your right to work in a right to work state.

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Lawrenceville_Larry 2 years, 10 months ago

Here's the deal, if nothing is done, then the area will continue to be low rent apartments and a crime infested neighborhood. The road is substandard. If nothing is done, then we stay where we're at. The school would get no increase in tax revenue. A TAD allows for capital improvements that will increase the tax base and in 15 years when the TAD sunsets, then the full taxable value will be available to the school, with improved housing, better business and less overall stress on the school system.

The school system can refuse to go along with the TAD if they choose. News flash, a developer isn't going to redevelop anything unless they think they can make some money. Under current conditions, they cannot. I'm okay with a private company making a little money if it improves the city. I think they call that capitalism.

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