[{"_1":2,"_98":-5,"_99":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,74,86],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":56,"_73":56},"mediaId",6094192,"mediaKeyId","2844581-d4cbac9cd758317febd0025621cbbebe","parentId",2844581,"title","Workshop: Development Authority reviews property-tax abatements, conduit bonds and financing tools","audioSeconds",2455,"startMs",3116000,"endMs",5571000,"viewUrl","/Search/View?dp=1&key=2844581-d4cbac9cd758317febd0025621cbbebe&start=3116&end=5571","thumbnailUrl","https://assets.pipeline.soar.com/2844581-d4cbac9cd758317febd0025621cbbebe/thumbnail_3116000.jpg","articleUrl","/articles/6094192/Alpharetta/Fulton-County/Georgia/Workshop-Development-Authority-reviews-property-tax-abatements-conduit-bonds-and-financing-tools","mediaUrl","https://secure.pipeline.soar.com/6094192-75c24ff369b685577d05e0963cd970eb/orig.mp4?Expires=1770775127&Signature=SaH9YNcCRDB1kXH76bL3bDp8cUNM-lG2my6EL7hnfPngRXZ4A1T4-fWx3BX6hLkugZGpJpDnHIRrnZkF5gbgwaG-VlVGR5tbIAKpru2PnU-mJWG~VSgnXLZyKKL5zcOD5yLh5M2n~20eX6Plr5Denxms~Bdb17c4Umfv4tU6KGOm3N3p3sAQZdQ81G-ai7lO0p2sAfNViisdFzDLi~LVVxj~gBEhSKGT2zdB~E4CEdqYBTq82nKdOyx9fxhYtyDekTIEfHWVqJgyvNCAHupCsk1MlDwbC63HzBygVPwT1nM7y5hvtNysGLGBvvgMuA2z1YqINUljB3hY6hC1iR7dxA__&Key-Pair-Id=KUT5TJCACFTXG","author","","date","2025-03-28T18:14:47Z","article","At a workshop during the April 1 meeting, the Development Authority of the City of Alpharetta heard a detailed presentation on the legal and practical mechanics the authority uses to support economic development, including property-tax abatements delivered through leasehold structures and the use of conduit bond financings.

A presenter (identified in the transcript only as “Presenter”) described three common transaction types the authority uses: (1) leasehold-driven property-tax abatement deals that use an inducement resolution followed by a bond resolution and a lease/leaseback structure; (2) conduit, tax-exempt bond financings where the authority issues bonds and acts as conduit for nonprofit, multifamily or health-care borrowers; and (3) transactions in which the city partners with the authority to back public projects via an intergovernmental contract.

The presenter summarized the typical process for a property-tax abatement transaction: confidential initial discussions; an inducement resolution that signals the authority’s support; negotiation of documents and a bond resolution authorizing a notional principal amount; and a memorandum of agreement with the assessor that lays out the abatement schedule (often a 10-year ramp). The presenter said the bond principal amount typically reflects project acquisition and capital improvement costs, while the assessor determines the actual assessed value and the abatement percentage is tied to that assessment.

Authority members asked practical questions. One member asked how the authority verifies that projects are financeable before committing; the presenter and staff recommended confirming financing and lender support before advancing inducement steps. Another question raised the effect of foreclosures; the presenter said bond and lease documents commonly include lender-protection provisions that let a lender step into the borrower’s position or collapse the authority’s title and return property to the tax rolls.

The presenter noted limits and alternatives under Georgia law: tax-allocation districts (also called TADs in Georgia) can be used for larger redevelopment projects and the authority can also consider a usufruct or payment-in-lieu-of-taxes (PILOT) arrangement for some projects — approaches that remove or alter standard property-tax treatment and typically require more negotiation with taxing jurisdictions.

Charlie, an economic-development staff member with the City of Alpharetta, briefed the authority on city economic development activity accompanying the workshop. Charlie said he attended the Site Selectors Guild conference and secured at least one referral; he announced that the department will appear in the Atlanta Business Chronicle’s North Fulton Market Report on April 18 and that Charlotte was promoted to economic development manager on March 1. He also told the authority that city council adopted the Northpointe development framework plan at its March 25 meeting; the plan is described as a long-range vision for a more mixed-use, walkable Northpointe district anchored by the Big Creek Greenway.

The workshop concluded with a general discussion about the authority’s fee structure and the typical market practice of charging an administrative fee (the presenter said the market often uses one-eighth of 1 percent annually for true conduit financings) and with reminders that staff and the authority should verify project financing, closing timelines and assessor dates to avoid unintended extra abatement years.

Two procedural votes took place earlier in the meeting: the authority approved the consent agenda minutes (vote recorded as 5–0) and approved a motion to reorder the agenda to move the workshop after partner updates (vote recorded as 5–0).","mediaType","Video","parentTitle","Alpharetta Development Authority Meeting - April 1, 2025","oneSentenceSummary","At a workshop, presenters and staff explained how the development authority uses leasehold structures and bond resolutions to provide property-tax abatements, described conduit bond financings used by nonprofits and multifamily developers, and reviewed other tools such as tax-allocation districts and PILOT/ususfruct arrangements.","taxTitle","Alpharetta, Fulton County, Georgia","taxId",3991,"location","headline","shortSummary",{"_33":75,"_35":36,"_37":38,"_39":76,"_41":77,"_43":78,"_45":79,"_47":80,"_49":81,"_51":82,"_53":83,"_55":56,"_57":58,"_59":84,"_61":62,"_63":64,"_65":85,"_67":68,"_69":70,"_71":68,"_72":56,"_73":56},6094196,"AlphaLoop Foundation reports fundraising wins, new wayfinding and 12 dedicated parking spaces at Northwinds",1286,1033000,2319000,"/Search/View?dp=1&key=2844581-d4cbac9cd758317febd0025621cbbebe&start=1033&end=2319","https://assets.pipeline.soar.com/2844581-d4cbac9cd758317febd0025621cbbebe/thumbnail_1033000.jpg","/articles/6094196/Alpharetta/Fulton-County/Georgia/AlphaLoop-Foundation-reports-fundraising-wins-new-wayfinding-and-12-dedicated-parking-spaces-at-Northwinds","https://secure.pipeline.soar.com/6094196-4c44a74a12469afe1d447fcb3eb7cd8b/orig.mp4?Expires=1770775127&Signature=o~NzQ5D7-Nq30aRcukBFjy8uY1DMQLhRhbIyz3jo5oD3RozEj4caeqnIMuc8t8zVttwUYuYPZ8IZp-kPiUP4f0nEvBqKXJ8wGt~3vJylFM9B-fMRxW3wMbsVjugTRlJBDTJGBW1ZRE62l92UYT40kXFZBcO-xwqPpnFZcilQwJWQLQCFDdc9DLsKtQ0-590ox6iF8TL0fM5x26H5v0hZSbcpj03ZuK-sFCr3M4HrDahFyf9ojslTqP-phqRIPCPafmTpP43l2PvRBy9F7GYGIUaAp64Uw85QLitpdcZe14Pl0JCpy~-Uyujsq1KPMpTOiWVP1ZV0BvVTyFpPcQ7jbg__&Key-Pair-Id=KUT5TJCACFTXG","Karen Richard, a member of the AlphaLoop Foundation board, briefed the Development Authority of the City of Alpharetta on April 1 about the foundation’s community outreach, fundraising and recent improvements along the AlphaLoop trail.

Richard said the foundation was formed four years ago and that the board partnered with the city under an arrangement in which the city agreed to match foundation funds up to $2,000,000 at the time the foundation formed. The foundation launched its website in September 2023 and has used community events to raise money and awareness. “Between the launch of the website and the end of last year, we held 27 events, and we raised over $56,000 in donations for the AlphaLoop Foundation,” Richard said.

The foundation reported several recent, tangible improvements along the trail and in its outreach: a newly erected AlphaLoop logo sculpture in the Lakeview development; newly painted stamped-concrete crosswalks; and an added dynamic Google map on the foundation website to improve wayfinding. Richard said the completed four-mile section links neighborhoods and that there are approximately 15,000 jobs within a quarter mile of that section.

To address parking concerns on the recently opened Northwind section — a roughly one-mile stretch opened June 1, 2024 — the foundation negotiated with Northwinds office park management to dedicate 12 parking spaces to trail users. The property manager is funding the sign package, Richard said, and the 12 spaces (split between two addresses) will be marked as AlphaLoop parking with a four-hour limit.

Richard described the foundation’s volunteer program and schedule of events: farmers-market outreach on the second Saturday of each month; a sip-and-stroll event at Village Tavern on April 24; and corporate fundraising efforts beginning in the second quarter of 2025. She said the foundation has 11 board members and about 75 people who have indicated interest in volunteering; 17 volunteers completed training last year.

Looking ahead, Richard highlighted several city-funded projects meant to expand connections — including a planned Northpointe AlphaLink to connect Haines Bridge to Northpointe and link the AlphaLoop to the Big Creek Greenway. She said the city has allocated design and construction funding for interlink projects and that the Northpointe component’s funding totaled more than $10,000,000 and will be multiyear.

When asked about maintenance, Richard said trail maintenance and trash pickup are the City of Alpharetta’s responsibility through Parks & Recreation staff, but that the foundation intends to organize volunteer clean-up events as part of its long-term planning.

Richard closed by inviting authority members to foundation events and asking them to help spread the word and corporate connections; she also thanked Charlotte, the city’s economic development liaison, for her support.","The AlphaLoop Foundation told the Development Authority that it raised more than $56,000 since launching its website and has negotiated 12 dedicated parking spaces and signage at the Northwinds office park to improve access to the new Northwind section of the AlphaLoop trail.",{"_33":87,"_35":36,"_37":38,"_39":88,"_41":89,"_43":90,"_45":91,"_47":92,"_49":93,"_51":94,"_53":95,"_55":56,"_57":58,"_59":96,"_61":62,"_63":64,"_65":97,"_67":68,"_69":70,"_71":68,"_72":56,"_73":56},6094201,"Tech Alpharetta reports steady membership, fundraising and new events as it begins paying rent",757,214000,971000,"/Search/View?dp=1&key=2844581-d4cbac9cd758317febd0025621cbbebe&start=214&end=971","https://assets.pipeline.soar.com/2844581-d4cbac9cd758317febd0025621cbbebe/thumbnail_214000.jpg","/articles/6094201/Alpharetta/Fulton-County/Georgia/Tech-Alpharetta-reports-steady-membership-fundraising-and-new-events-as-it-begins-paying-rent","https://secure.pipeline.soar.com/6094201-4f637cac79541940a8071cd433585742/orig.mp4?Expires=1770775127&Signature=Nb0ip8McGLN06Pqsz9aRzgLEN0oEPQ4elkXjcBHGmM~4XgwJVXYvgOG~-5c8uBUdIfItpO9aaJLSjPH2Gg1EbfaGojb3ugBqg4-s~IX1Mc2~rcFisSkfJjT411kgu5uoacLOTqPHDwk8hNRgaKPWavv9MCuvuFyAmVfBT~g2TPvFVj6NSpKOihYG8i-zJKV7u9iWuIrYyOgmKD4bOX0q2COgs7LyCLr5VOeAf3~1WAXiMTWMEF8Lganga2z4mXJb6WiBjYm8ehBjt2A0SAnnQA1ZkrbYk-E6Kwofp17w5BiqoLXgRvIN3Jhiei7voKBsV7LaPiDUjFrPWajJbNrS1Q__&Key-Pair-Id=KUT5TJCACFTXG","Tech Alpharetta told the Development Authority of the City of Alpharetta on April 1 that its downtown incubator is settled into new space, is serving 55 member startups and is on track with its early-2025 finances.

The update, delivered by Karen, a Tech Alpharetta representative, said the incubator moved into its new facility in October and held a grand opening in December. “We are officially all settled in,” Karen said, adding that member startups are using the new offices and meeting space.

Tech Alpharetta reported that 55 tech startup member companies are active in the incubator and that 23 companies have graduated since the incubator opened in 2015. The presentation named Synaptrix as the most recent graduate; Synaptrix is described as a medical device company working on a non-opioid pain-relief product and having spun out from Avanos. The incubator’s largest tenant has 14 employees and is finalizing a lease in the North Point Mall area inside the city of Alpharetta.

Karen provided two ways of counting jobs tied to incubator activity. She said the incubator’s graduates have created 294 technology jobs located in the city and 450 technology jobs across the state of Georgia since the incubator opened; including an estimated multiplier for service-industry jobs, she said the city-level total rises to more than 1,700 jobs and to more than 2,700 statewide. “There’s no denying that startup incubators are jobs creation engines,” she said.

On finance, Tech Alpharetta reported revenue of $263,000 for the first two months of 2025 and expenses of $112,874 for the same period. The incubator now pays monthly rent; the presenter said the current figure in the transcript is unclear, and that rent is scheduled to increase to $7,030 per month in October 2026 under the lease.

The incubator also described programming and outreach: seven events and 27 meetups in early 2025, two weekly newsletters reaching nearly 5,000 tech executives and supporters, and a plan for at least 19 additional events during 2025, which the presenter said would serve more than 2,000 regional tech executives this year. Staff described two major fundraisers planned for 2025: a CIO speed-dating event in June and a Topgolf Classic fundraiser in September that replaces a previously run full-day golf tournament.

Karen invited the authority members to visit the incubator and attend events, and she thanked the board for its ongoing support.

Questions from authority members focused on rental revenue stability and whether vacant offices would affect the incubator’s ability to cover rent; the presenter said leasing ebbs and flows and that filling two large offices would cover the current rent level.

The authority did not take any formal action on Tech Alpharetta during the meeting.","Tech Alpharetta told the Development Authority that its downtown incubator now hosts 55 startup members, has graduated 23 companies and is on track with 2025 revenue projections after moving into new space last October.","actionData","errors"]

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Workshop: Development Authority reviews property-tax abatements, conduit bonds and financing tools

AlphaLoop Foundation reports fundraising wins, new wayfinding and 12 dedicated parking spaces at Northwinds

Tech Alpharetta reports steady membership, fundraising and new events as it begins paying rent