City of Atlanta
Georgia

Ordinance
19-O-1484
Filed without Objection
Dec 2, 2019 1:00 PM

****AN ORDINANCE BY COUNCILMEMBER ANDRE DICKENS AMENDING THE FY 2020 (GENERAL FUND) BUDGET BY TRANSFERRING TO AND FROM APPROPRIATION IN THE AMOUNT OF EIGHT HUNDRED FIFTY THOUSAND DOLLARS AND ZERO CENTS ($850,000.00) FOR THE PURPOSE OF AUTHORIZING THE ATLANTA DEVELOPMENT AUTHORITY D/B/A "INVEST ATLANTA" TO MAKE AN ECONOMIC OPPORTUNITY FUND "EOF" GRANT TO NORFOLK SOUTHERN PURSUANT TO THE AGREEMENT FOR ECONOMIC INTERGOVERNMENTAL DEVELOPMENT AND REDEVELOPMENT SERVICES BETWEEN THE CITY OF ATLANTA AND INVEST ATLANTA; TO WAIVE CONFLICTING ORDINANCES FOR THIS INSTANCE ONLY; AND FOR OTHER PURPOSES.

Information

Department:Office of the Municipal ClerkSponsors:Councilmember, Post 3 At Large Andre Dickens
Category:Personal PaperFunctions:None Required

Attachments

  1. Printout
  2. 3 EOF GRANT TO NORFOLK SOUTHERN

Item Discussion

(This legislation is a dual referred item and will be forwarded to Finance/Executive Committee pending a Community Development/Human Services Committee recommendation) ►(Held 8/27/19 at the request of Invest Atlanta for further review and additional information)

 

Body

WHEREAS, The Atlanta Development Authority d/b/a Invest Atlanta ("Invest Atlanta")

has been duly created and is existing under and by virtue of the Constitution and the laws of the State of Georgia (the "State"), in particular, the Development Authorities Law of the State (O.C.G.A. §36-62-1 et seq., as amended) and an activating resolution of the City Council of the City of Atlanta, Georgia (the "City"), duly adopted on February 17, 1997 and approved by the Mayor of the City on February 20, 1997, and is now existing and operating as a public body corporate and politic and an instrumentality of the State; and

 

WHEREAS, the City has designated Invest Atlanta as the economic development and redevelopment agent for the City and, as such, Invest Atlanta creates, manages and conducts special project, programs, initiatives and studies for the purposes of investment in the economic development, revitalization and growth of the City (collectively, the "Economic Development Services"), and

 

WHEREAS, pursuant to Resolution 19-R-3452, duly adopted on August 5, 2019 and approved August 14, 2019, the City authorized an Intergovernmental Agreement for Economic Development and Redevelopment Services with Invest Atlanta (the "IGA"); and

 

WHEREAS, the IGA provides, inter alia, for the funding by the City and management by Invest Atlanta of an Economic Opportunity Fund ("EOF"), to be utilized to increase the capital available for business growth by investing in significant job creation opportunities in the City; and

 

WHEREAS, Invest Atlanta, in conjunction with its economic development partners, has negotiated with Norfolk Southern for the location of its headquarters complex in the City of Atlanta; and

 

WHEREAS, Norfolk Southern will invest $575,000,000 in real and personal property related costs retain 2,025 jobs and create 850 new jobs in the City of Atlanta; and

 

 

WHEREAS, Invest Atlanta has determined that offering this EOF Grant to Norfolk Southern would result in significant new job creation and business attraction and therefore recommends approval by the City; and

 

WHEREAS, the City Council has determined that this would therefore be in the best interest of the City of Atlanta.

 

THE  CITY COUNCIL  OF ATLANTA,  GEORGIA  HEREBY  ORDAINS  AS FOLLOWS:

 

Section 1. That the FY 2020 (General Fund) Budget is hereby amended as follows:

 

Transfer From Appropriations: $850,000

 

Fund

1001

Dept/Org

200101

Account

5212001

Function

1512000

 

Transfer To Appropriations: $850,000

 

Fund

1001

Dept/Org

200105

Account

5212001

Function

7520000

 

Section 2. That the Chief Financial Officer is authorized to fund the full grant amount of Eight Hundred Fifty Thousand Dollars  ($850,000) to  Invest  Atlanta, the disbursement of which to Norfolk Southern shall be governed by a grant agreement between Invest Atlanta, as administrator of the EOF, and.

 

Section 3. That the grant agreement, or amendments thereto, which is entered into to memorialize the defined economic development benefits and obligations of the parties shall not be binding upon the City and the City shall not incur any obligations or liability therefor.

 

Section 4. That all ordinances or parts of ordinances in conflict herewith are waived to the extent of the conflict only.

 

 

Meeting History

Aug 19, 2019 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

REFERRED TO COMMUNITY DEVELOPMENT/HUMAN SERVICES COMMITTEE AND FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:REFERRED WITHOUT OBJECTION
Aug 27, 2019 12:00 PM Video Community Development & Human Services Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE [6 TO 0]
MOVER:Dustin Hillis, District 9
SECONDER:Antonio Brown, District 3
AYES:Natalyn Mosby Archibong, Dustin Hillis, Marci Collier Overstreet, Joyce M Sheperd, Matt Westmoreland, Antonio Brown
AWAY:Michael Julian Bond
Aug 28, 2019 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE
Sep 3, 2019 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO COMMUNITY DEVELOPMENT/HUMAN SERVICES COMMITTEE WITHOUT OBJECTION

MEMBERS PRESENT: ARCHIBONG, COLLIER OVERSTREET, HILLIS, BROWN, BOND, WESTMORELAND & SHEPERD

RESULT:RETURNED AS HELD
Sep 10, 2019 12:00 PM Video Community Development & Human Services Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE [UNANIMOUS]
AYES:Natalyn Mosby Archibong, Michael Julian Bond, Dustin Hillis, Marci Collier Overstreet, Joyce M Sheperd, Matt Westmoreland, Antonio Brown
Sep 11, 2019 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE
Sep 16, 2019 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO COMMUNITY DEVELOPMENT/HUMAN SERVICES COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Sep 24, 2019 12:00 PM Video Community Development & Human Services Committee Regular Committee Meeting
draft Draft
Sep 25, 2019 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
Oct 7, 2019 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO COMMUNITY DEVELOPMENT/HUMAN SERVICES COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Oct 15, 2019 12:00 PM Video Community Development & Human Services Committee Regular Committee Meeting
draft Draft
Oct 16, 2019 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
Oct 21, 2019 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO COMMUNITY DEVELOPMENT/HUMAN SERVICES COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Oct 29, 2019 12:00 PM Video Community Development & Human Services Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE [UNANIMOUS]
AYES:Natalyn Mosby Archibong, Michael Julian Bond, Dustin Hillis, Marci Collier Overstreet, Joyce M Sheperd, Matt Westmoreland
ABSENT:Antonio Brown
Oct 30, 2019 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
Nov 4, 2019 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO COMMUNITY DEVELOPMENT/HUMAN SERVICES COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Nov 12, 2019 12:15 PM Video Community Development & Human Services Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE
Nov 13, 2019 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
Nov 18, 2019 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO COMMUNITY DEVELOPMENT/HUMAN SERVICES COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Nov 25, 2019 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
Nov 26, 2019 12:00 PM Video Community Development & Human Services Committee Regular Committee Meeting
draft Draft
Dec 2, 2019 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

AUTOMATICALLY TERMINATED AND FILED PER CHARTER SECTION 2-407 WITHOUT OBJECTION

RESULT:FILED WITHOUT OBJECTION