The city of Marietta has provided information including detailed maps, a fact sheet and conceptual drawings relating to the city'sGeneral Obligation Bond for Urban Redevelopment, which will be on the Nov. 5, ballot.
If the bond passes, individuals will see their property tax rate increase up to two mills.
On May 8, Mayor Steve Tumlin and the City Council approved a modification to the 2009 amended Urban Redevelopment Plan to include the addition of urban redevelopment projects to the City Center redevelopment area and the Franklin-Gateway redevelopment area.
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The bond has two main purposes. One is to finance an approximately $4,000,000 bond for Urban Redevelopment Projects consisting of streetscape improvements in the Whitlock Avenue Corridor.
The second is for the financing of an approximately $64,000,000 bond for Urban Redevelopment Projects including the acquisition and demolition of improved property for further redevelopment and right-of-way acquisition and road infrastructure improvements to improve east-west transportation connectivity within the Franklin-Gateway redevelopment area.
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The city issued a Request for Qualifications, which advertised for providing real estate advisor consultant services for the Franklin-Gateway redevelopment area to work with the city of Marietta and/or Marietta Housing Authority. A review committee, consisting of city staff and a representative from the Marietta Housing Authority was formed to evaluate the proposals and make a recommendation to the Mayor and City Council.
Visit the link to review a more detailed fact sheet and view maps of the areas.
release from city of Marietta
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