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Developers and property owners propose Albany Westover CID; commission hears benefits and process
Summary
Colony Bank representative Heath Fountain and consultants presented a proposal to form the Albany Westover Community Improvement District (CID), saying 82 property owners have consented and that the CID would levy an additional assessment to finance infrastructure and improvements; staff said city commission approval and a property-owner caucus are next steps.
Speakers from the organizing group presented a proposal July 1 to form the Albany Westover Community Improvement District (CID), a self-assessed commercial property district intended to fund local infrastructure, safety and aesthetic improvements.
Heath Fountain, identified in the record as CEO of Colony Bank, said the group raised $75,000 to study the CID and hired consultants (including Michael Letad and legal counsel Jim Moore) to examine viability. Fountain said the enabling legislation (House Bill 160) was passed in early 2023, effective May 1, 2023, allowing CIDs to form in Albany. He told the…
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