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Tuesday, September 2, 2014

Tucker CID Welcomes Northlake Businesses, Changes Name


From: thechampionnewspaper.com
Tucker CID welcomes Northlake businesses, changes name
Posted by Carla Parker


The Tucker CID is now the Tucker-Northlake CID.

This week the Tucker Community Improvement District voted to change its name to the Tucker-Northlake CID. According to CID officials, the new name reflects the CID’s focus on economic development and infrastructure improvements for the communities to the east and west of the I-285/LaVista Road interchange. Along with downtown Tucker, the CID boundaries extend down Lavista, Henderson Mill, and Northlake Parkway through the Northlake shopping district and the Montreal industrial corridor.

“We certainly believe there is strength in numbers, which is why a CID is so appealing to community business leaders,” said Ann Rosenthal, president of the Tucker-Northlake CID. “Commercial property owners within the CID pay a self-imposed tax, and the funds are used within the CID area for transportation and infrastructure improvements, public safety, economic development and quality of life improvements.”

“Even though the Tucker-Northlake CID is only a year old, we have already improved the I-285/LaVista Road intersection and are preparing to kick off a major master planning process for the area,” Rosenthal added.

In May, the DeKalb County Board of Commissioners approved the Tucker CID’s request to annex the Northlake commercial properties. The expansion adds over $110 million in property value.

The Tucker-Northlake CID now includes more than 166 commercial property owners, representing approximately $157 million in property value.

More than 67 Northlake commercial properties into the organization Aug. 7. were welcomed.
In addition to renaming the CID, the organization elected two new board members to serve with the existing board for 2014-2015. The new board members are Frank Goulding of Newell Recycling and Peggy Berg of the Hampton Inn. Existing board members returning for 2014-2015 are CID chairman Bill Rosenfeld of Rosenfeld Jewelry, vice chairman John Martin of John Martin State Farm, treasurer Annie Gibson-Ervin of Kaiser Permanente, secretary Michelle Weston of Bank of North Georgia, Louis Brown of Trust Associates and Barry Schrenk of Taggart’s Driving School.

Currently, there are 18 Community Improvement Districts in metropolitan Atlanta, including Dunwoody and Stone Mountain. CIDs are public-private partnerships that allow commercial districts to self-fund major infrastructure, security, transportation, and quality-of-life improvements through a special tax paid only by the non-residential, commercial property owners within the district.

These funds are further leverage for multi-million dollar state and federal grants applied to massive re-engineering projects. Funds raised by CIDs remain in the districts and use of those funds are determined by the CID board of directors elected from the consenting commercial property owners. Representatives of the cities and counties where CIDs are formed also sit on CID boards.

photo credit: http://dwig.lmc.gatech.edu/studio/?p=126

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