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City outlines land bank activity, TAD/SPLOST funding constraints and proposed uses
Summary
Staff reported the Paulding Land Bank holds ~353 properties (225 in city), described foreclosure/foreclosure‑to‑redevelopment timelines, and recommended prioritizing TAD and SPLOST for projects that generate direct tax‑value increases.
Staff provided a status update on the Paulding Land Bank authority and municipal redevelopment funding tools.
Kelsey Carden said the Land Bank holds roughly 353 properties (225 in Griffin) and has adopted policies and procedures that broaden conveyance priorities beyond strict target areas. Staff reported some foreclosures will be effective in Sep. 2026 and that an RFP for the Haston Building (522 Merriweather St) was out and closes Sep. 28. "They have successfully foreclosed on the right of redemption for properties that are located on Haliburton, West Quillie, Bell And William Street just to name a few," Carden said.
On funding, staff recommended that TAD 1 funds be prioritized for uses with the clearest and most direct link to an increase in assessed tax value (facades, property acquisition, site prep, or infrastructure that unlocks private investment). SPLOST reimbursements from prior nuisance allocations have left roughly $1.2M available; staff warned that without additional sources (general fund or financing) large commercial or residential investments will be difficult to sustain over time. The commission heard that some purchases (e.g., Roseview, Old County Jail) previously required substantial one‑time expenditures.
