Title
Approval of a Resolution to amend the Opportunity Zone boundary map for the purpose of adding additional properties to the Opportunity Zone.
Presented by Alice Wakefield, Director
Body
Item Summary:
The following properties are proposed as an amendment to the Opportunity Zone:
Roswell Mill property - This property was included in an earlier version of the Opportunity Zone, but was inadvertently cut out as part of the Park and National Recreation Area that State officials asked to be removed. The proposed area is adjacent to the current Opportunity Zone boundary and is within the Urban Redevelopment Area. The property shows signs of economic disinvestment and repair needs that are a blighting influence. In addition, as one of Roswell's most historic commercial properties, productive use of this building are crucial to the economic vitality of the National Register Historic District.
Holcomb Woods - The property in this proposed area is zoned C-3 with a small section that is zoned O-P. Most of the structures were built in the 1980s and 1990s, and are predominately Class B office space, retail and warehouse. Holcomb Woods Business Park is a 243,630 square foot office park. It is a landscaped office campus offering single story office space.
972 Alpharetta Street - The former Smith Memorial Library building has been renovated several times for commercial use, but largely has been vacant. This building, built before 1900, was a cotton warehouse, and later a feed store, before serving as Roswell's library from 1965-1981. The building is in the heart of the Central Business District on 0.5 acres of land.
Old Ellis Road Industrial - This area is predominately zoned I-1c with some R-1 that is vacant land surrounded by industrial and commercial uses. These properties include warehouse, light industrial and some class C office uses built in the 1990s.
Committee or Staff Recommendations:
On September 29, 2010, the Community Development and Transportation Comm...
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