Title
Approval of a Resolution to Amend the Boundaries of the Roswell Opportunity Zone.
Presented by Alice Wakefield, Director of Community Development
Body
Item Summary:
Phase I includes the six requested property areas. These properties are included in the City's Urban Redevelopment Plan, which is a requirement for Opportunity Zone eligibility. If approved to submit these areas, staff will collect the information and photos required to submit the amendment application to the Department of Community Affairs (DCA).
Phase II involves revising the City's Urban Redevelopment Plan to include areas that are in newly-eligible block groups based on the 2010 census data. Phase II will take approximately 5 months to collect the required data, revise and then adopt a new Urban Redevelopment Plan. Both the new plan and Urban Redevelopment Area map need to be approved by resolution. The plan, resolution and proposed Opportunity Zone will be submitted to the DCA for review.
Committee or Staff Recommendation:
On February 29, 2012, the Community Development and Transportation Committee recommended placing this item on the March 12, 2012 Mayor and City Council Agenda.
Financial Impact:
N/A
Presented by:
Alice Wakefield, Director of Community Development