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CDFA Georgia Financing Roundtable Newsletter - October 2016

CDFA Georgia Financing Roundtable Newsletter - October 2016
October 26, 2016
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CDFA Georgia Financing Roundtable Newsletter

Feature

City of Duluth OKs $8K in 2014 SPLOST Funds for Police Car Computers
The Duluth City Council voted to allow the agency to use interest accrued from 2014 special-purpose local-option sales tax funds. The 2014 SPLOST funds have been placed in an interest-bearing account that has accumulated $23,000 to be spent on SPLOST-eligible projects only, according to the city.

Hiram Hoping for New Life Downtown After $3M Revitalization Project
The city of Hiram is ready for a revitalization of its downtown business district after recent completion of work above and below the ground of the historic area. About $3 million in construction resulted in sewer service being available for area businesses and residents, and new sidewalks and street lighting fixtures which updated the area's appearance.

College Park Receives USDA Urban Farm Grant
The city of College Park announced last week that the United States Department of Agriculture awarded College Park a grant designed to improve healthy food access for local residents. The grant, totaling $222,663, was initially applied for by the College Park Economic Development Department and awarded to the city's Metro Atlanta Urban Farm.

GA Tax Exemption Can Improve Project Economics
Georgia has a number of tax exemptions that could potentially apply to solar and other electric power generation projects. One that can really impact project economics is Georgia's tangible personal property tax exemption for manufacturers.

Jonesboro DDA Approves $20M Bond
The Jonesboro Downtown Development Authority was officially established Thursday evening and as its first act of business, approved the issuance of a $20 million bond for a group to purchase and renovate an apartment complex.

Valdosta Expands Use of Solar Energy
Valdosta will be adding to its number of active solar panels after the city council approved a proposal at its Oct. 6 meeting to build a solar array, or a group of panels, at both the old and new Withlacoochee Wastewater Treatment Plants.

Woodstock OKs Tax-Exempt Bonds for Apartment Project
A $4.5M renovation of the Columbia Creek Apartments has gotten an assist from the Woodstock City Council. It approved having the Canton Housing Authority issue tax-exempt revenue bonds to finance the project.

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.

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

How Hurricane Matthew Disaster Declaration Affects LIHTC Developments
Novogradac & Co LLP | Oct. 24 | Bond Finance | Disaster Recovery & Relief | Tax Credits

North Augusta City Council Re-Establishing Project Jackson Municipal Improvement District
Aiken Standard | Oct. 19 | Infrastructure Finance | Special Assessment Districts

Invest Atlanta Offers Financing to Eastside Projects
Atlanta Journal Constitution | Oct. 13 | Access to Capital

Peachtree Corners Moves Forward on Multi-Use Trail Plan
Atlanta Journal-Constitution | Oct. 13 | Community Development

New Atlanta Community Center Offers Hope to Struggling Westside
Atlanta Journal-Constitution | Oct. 13 | Community Development

Atlanta OKs $160K for Greenway
Atlanta Journal-Constitution | Oct. 7 | Community Development | Green Finance | Urban Development

Senators Brown and Perdue Introduce the MAMBA in US Senate
CDFA | Oct. 6 | Bond Finance | Legislative

Suniva Receives $1.25M U.S. Department of Energy Grant
Atlanta Business Chronicle | Oct. 3 | Energy Finance | Green Finance | Innovation Finance | U.S. Dept. of Energy (DOE)


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.


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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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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