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CDFA Georgia Financing Roundtable Newsletter - September 2016

CDFA Georgia Financing Roundtable Newsletter - September 2016
September 28, 2016
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CDFA Georgia Financing Roundtable Newsletter

Feature

Columbus, GA Approves One Midtown TAD, Postpones Decision on the Other
Columbus Council approved one of two Tax Allocation Districts proposed for midtown Columbus and delayed a decision on the other. This will be the fifth TAD the council has approved with the city's first TAD approval in December 2015.

Panel Votes to Extend Nuclear Power Tax Credit
The House Ways and Means Committee voted Wednesday to remove the requirement that newly-built nuclear power plants be in service by 2020 in order to receive a tax credit. It would likely benefit two reactors under construction and at risk of missing the 2020 deadline in Georgia and another two in South Carolina.

Flowery Branch OKs Money for Stormwater Work
A TAD is used to help improve blighted areas by using property tax increments resulting from new growth on public projects to help attract growth and increase the increments.

Buckhead CID to Potentially Include Park Capping GA. 400
A Buckhead business group unveiled updated renderings Wednesday of a potential park capping Ga. 400 near Lenox Square that would connect a trail network with green space and establishing links between major office towers and new residential high-rises.

Atlanta Beltline Seeking $50M in Bonds
Atlanta Beltline officials are pushing for a $50 million bond as part of its 2017 budget planning to pay for projects to keep the ambitious 22-mile loop on track.

Holly Springs to Discuss Community Improvement District
The creation of a Holly Springs community improvement district to fund infrastructure improvements downtown is on the agenda of this week's City Council work session.

Johns Creek Posts Info on $40M Parks Bond Referendum
Johns Creek created a city website for residents to learn more about a $40 million parks bond referendum, and how it would seek to implement projects derived from the city's Recreation and Parks Strategic Plan.

Film Industry Generates Over $7B in Georgia Economy
Gov. Nathan Deal today announced that Georgia-lensed feature film and television productions generated an economic impact of more than $7 billion during fiscal year 2016. The 245 feature film and television productions shot in Georgia represent $2.02 billion in direct spending in the state.

Rome City Expecting 3 Tax Deferment Requests
Rome City Commissioners are expecting requests for as many as three new Tax Allocation District financing plans for new developments.

$3.6M Project Likely Headed to Commission Vote in Macon GA
Macon county, GA, has received a $3.6 million construction bid to build multipurpose fields, sidewalks, a playground and pavilions at the Willie Smokie Glover Drive park. Approval from the Macon-Bibb County Commission could come in the next several weeks, and construction by International City Builders could start by early September.

Upcoming Events

CDFA's 30th National Development Finance Summit
November 2-4, 2016 - New Orleans, LA
Join CDFA in New Orleans, Louisiana for the 2016 National Development Finance Summit! Hosted by the Louisiana Public Facilities Authority (LPFA), the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.

Georgia News

Norcross Grant Will Add Sidewalks at Four Locations
Atlanta Journal-Constitution | Sep. 19 | Infrastructure Finance

Lilburn to Apply for Grant for Road Improvements
Atlanta Journal-Constitution | Sep. 14 | Infrastructure Finance

Greenville to Receive $500K Development Grant
The Newnan Times-Herald | Sep. 12 | Community Development | Infrastructure Finance

Jackson Wins $500K Grant for Sewer Improvements
Jackson Progress-Argus | Sep. 12 | Infrastructure Finance

Kennesaw to Pay $8.8M for 3 SPLOST Projects
Atlanta Journal-Constitution | Sep. 12 | Infrastructure Finance | State Finance Program

Atlanta OKs $300K in Police Cameras for Buckhead
Atlanta Journal-Constitution | Sep. 9 | Bond Finance | Community Development

Landscape Improvements to cost $475K in Smyrna, GA
Atlanta Journal-Constitution | Sep. 9 | Community Development | Infrastructure Finance | State Finance Program | Urban Development

Dunwoody, GA Finalizes Purchase of $8M City Hall Building
Atlanta Journal-Constitution | Sep. 9 | Infrastructure Finance

Downtown City Park Plans on Hold in Dalton, GA
Dalton Daily Citizen | Aug. 31 | Community Development | Infrastructure Finance

Savannah GA Fairgrounds' Future up in the Air
Savannah Morning News | Aug. 31 | Economic Development | Infrastructure Finance

New Board Aims to Guide Warner Robins, GA Recreation Plan
The Telegraph | Aug. 31 | Community Development | Infrastructure Finance

Atlanta Gets $2.4M Grant to Assist Chronically Homeless
Atlanta Journal-Constitution | Aug. 31 | Community Development | U.S. Dept. of Health & Human Services (HHS)

Rome City GA Sees Need for Development Incentives
Rome News-Tribune | Aug. 30 | Economic Development | Incentives


Sponsors

Venue Sponsor

Seyfarth Shaw LLP

Conference Premium Sponsor

Baker Tilly Virchow Krause Development Authority of Fulton County

Conference Supporting Sponsor

Development Authority of Clayton County Federal Home Loan Bank of Atlanta KPM Financial

For information about sponsoring the CDFA Georgia Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

Job Postings

Hiring: Executive Vice President and COO - Invest Atlanta


The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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