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DeKalb officials report nearly $36M in TAD funds; Lula Hills redevelopment shows largest projected TAD award
Summary
County staff told the PEX committee the five TADs hold just under $36 million, with $8.5 million still administered by the county; pending applications total $85 million in development costs and requested TAD funding near $25 million. Officials clarified a $70 million TAD award for Lula Hills reflects a 20-year pay-as-you-go projection (base $35M public-infrastructure award).
Tiffany Wills, DeKalb's vice president overseeing tax-allocation-district (TAD) activity, briefed the PEX committee on the county’s TAD finances and pipeline.
Wills said combined TAD fund balances across DeKalb’s five districts total just under $36 million, with roughly $8.5 million still held by the county from earlier accumulations. The county reports about $8 million in net income for the year to date. Wills listed prior awards by district and said there are 10…
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