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File #: 15-14541    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 10/28/2020 In control: City Council Business Meeting
On agenda: 11/9/2020 Final action:
Title: Corridors of Opportunity Community Development Grant for 1800 Rozzelles Ferry
Attachments: 1. RCA - Location Map
Title
Corridors of Opportunity Community Development Grant for 1800 Rozzelles Ferry

Action
Action:
Authorize the City Manager to negotiate and execute a Community Development Grant agreement with Sankofa Partners, LLC (the Developer) in an amount not to exceed $100,000 for costs associated with revitalizing the property and building located at 1800 Rozzelles Ferry Road (the Property), which will facilitate the rehabilitation of an aging property and the preservation of a historic neighborhood.

Body
Staff Resource(s):
Tracy Dodson, City Manager's Office
Todd DeLong, Economic Development

Explanation
* In 2007, City Council adopted the policy for the city to take a leadership role in developing and implementing public and private collaborative strategies and investments that aim to:
* Attract private sector investment to grow jobs, businesses, and services;
* Expand the tax base in the business corridors; and
* Support the revitalization of the corridors into mixed use areas promoting the adjacent neighborhoods as safe, viable, and sustainable.
* To fully support the intended goals of revitalization outlined in the policy statement above, the city will take a proactive approach in accomplishing the following recommended goals:
* Eliminate blight,
* Create strong local economies,
* Align City policies and programs, and
* Promote environmentally sustainable development.
* In 2020, City Council enhanced the city's commitment to corridor revitalization through the Corridors of Opportunity initiative.
* The city is concentrating its resources at the Five Points area by investing and facilitating initiatives in specific locations within each corridor to ensure long-lasting and positive impacts are realized sooner than they would be through a piece-meal approach. This includes work in transportation and infrastructure, talent and employment, public Wi-Fi, placemaking, and other initiatives.
* The Developer acquired the Property located in Council District 2 in Octob...

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