July 24, 2017
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11 Comments on "Chamblee Downtown Development Authority Chair explains Trackside TOD vetting process"

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Chambleeite
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Chambleeite
So if I tear down my $250,000 house down and build a $750,000 back in it’s place can I get a Chamblee Authority to offer me a tax abatement. During the construction period my General Contractor will likely employ over 100 people from different trades and the city will benefit from the permit fees that will have to be paid and I will likely pay more in utilities but I will not cause any more traffic or increase public safety requirements. Unfortunately, I will not be able to recoup my money by charging rent or selling any services unlike the… Read more »
YCMU
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YCMU

That’s not how this works…..that’s not how any of this works.

Chambleeite
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Chambleeite

YCMU, if you are so informed, please inform those of us that are obviously not as smart as you. Are you one of those that sit on the Downtown Development Authority that loves giving our tax dollars away? Sure sounds like it!

YCMU
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YCMU

Nope, just someone that knows a lot about taxes. By the way, unless you live in a $mill+ home, or own a large commercial property in the city, they aren’t really your taxes anyways.

Chambleeite
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Chambleeite

YCMU, so you are saying that the property taxes that I pay are not my taxes? You must not know that much about taxes then.

Giving away tax dollars affects all of us including our children that attend public schools, those that drive on city streets, those that use the health department, those that rely on the sheriff’s department for service, those that enjoy using county and city owned parks etc.. You obviously must be have failed Accounting 101.

Patrick
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Patrick

Thank you for the explanation of the DDA process as well as the Trackside project as an example.

Is any post-mortem analysis performed once a project is build-complete to determine how close to reality the estimations were? and at any intervals after completion (1 year, 5 year, at abatement termination)?

Chambleeite
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Chambleeite

I understand that Mr. Smith voted against the deal and now he publishes this. How curious?

Blinded Authority
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Blinded Authority

No. Never.

Van
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Van
Patrick, Great question. I appreciate your desire to want to be educated on the subject. None of the projects that the DDA has been part of have been completed, so to date a post-mortem analysis has not occurred. It is my understanding from the DDA lawyer that each year the project will have to submit information to the DDA to make sure that they are in compliance with any restrictions that were placed in the MOU agreement. The DDA’s executive director will get the amount of tax dollars saved on a project each calendar year, as those will have to… Read more »
Chamblee Bubba
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Chamblee Bubba

Van, how will Chamblee residents be updated on the status of these DDA projects? Will there be a site on the city site available for review? Will it also have the initial structure of the project as well?

Blinded Authority
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Blinded Authority

Will the financial statement of Chamblee DDA be available? How will the liability of the tax abatement be measured against revenue? Aren’t the DDA activities supposed to be reported on the COC Financial Statement? Or is that not required for Phantom Bonds?

http://www.audits.ga.gov/NALGAD/dowdevau.html

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