East Point holds hearings on two proposed tax-allocation districts; vote set for Dec. 15

East Point’s City Council on Dec. 8 held public hearings on two redevelopment plans that, if later adopted, would create two tax-allocation districts (TADs) intended to fund infrastructure and spur redevelopment in distinct parts of the city.

The presentations by KP Advisory Group described TAD 3, labeled the Willingham Innovation District, as roughly 230 acres with an assessed base value the presenter cited at about $77,000,000, and TAD 4, the Sylvan Oakley district, as a larger-industrial area with an estimated base value in the low hundreds of millions. Attorney Charles Johnson told the council there would be no vote that night on adopting either plan; the council is scheduled to consider resolutions to approve, amend or reject the redevelopment plans at a separate meeting on Dec. 15. "We are talking about a vote at a separate meeting, which is scheduled for the fifteenth," Johnson said during the hearing.

Why it matters: state law…