Tax Allocation District

The City of Flowery Branch has established the Old Town and Commercial Gateways Tax Allocation District (TAD). Authorized under Georgia’s Redevelopment Powers Law, TADs offer opportunities for communities to support desired private development by reinvesting the resulting incremental property tax revenues into the projects themselves. TAD increments may be used to reduce the cost of constructing public infrastructure, site assembly, demolition or other costs that may be necessary to make the development feasible. For example, a proposed redevelopment project that creates $250,000 in incremental property tax revenue over an existing use, could potentially support a $2.0 to $2.5 million public investment to write down eligible costs.
The City Council has delegated to the TAD Advisory Committee (TADAC) responsibility for evaluating requests from private developers to receive TAD funding support. The TADAC is composed of three members of the Flowery Branch City Council, the City Manager, the City Planner, the Chairman of the Hall County Board of Commissioners (or his/her designee), and the County Administrator. The TADAC will conduct an inaugural meeting to review this document, elect a Chairman, Vice-Chairman, and Secretary, and resolve to abide by Robert’s Rules of Order. This memo discusses the procedure established by the TADAC to consider new projects within established and future TADs.