Newnan will request enabling legislation from the Georgia General Assembly that would pave the way for community improvement districts, which would allow owners of commercial and industrial properties to pool their resources for mutually beneficial improvements.
A CID typically works toward constructing public infrastructure needs such as roads, curbs and gutters, watershed and public transportation. Some of Georgia’s 25 established CIDs have used self-generated revenue for planning purposes as well.
City council members approved a resolution Tuesday to ask legislators to consider enacting local legislation. The Coweta County Board of Commissioners passed a similar resolution in December.
The legislation would not establish a CID, but it would allow property owners to submit to the city or county a request to form one.
“It’s another tool in our proverbial toolbox,” Newnan Assistant City Manager Hasco Craver said. “If at some point in the future property owners want to use that tool, they won’t have to wait until the next legislative session.”
With the approval of the owners of 75 percent of the property value within a delineated commercial/industrial district, a CID – essentially a self-taxing, autonomous entity – can be formed. Once formed, a CID is eligible for government grants and can assume debt. Property owners determine how much revenue their CID needs to generate for projects and self-tax accordingly.
“The group decides exactly what needs to be raised,” Craver said. “They decide what they need and what it would cost, and they figure out how much they need.”