City of Atlanta
Georgia

Ordinance
17-O-1080
Adopted Substitute as Amended
Apr 17, 2017 1:00 PM

AN ORDINANCE BY COUNCILMEMBER MICHAEL JULIAN BOND AS SUBSTITUTED (#4) AND AMENDED BY FINANCE/EXECUTIVE COMMITTEE DIRECTING THE CHIEF FINANCIAL OFFICER TO ESTABLISH A TRUST FUND ACCOUNT FOR THE PURPOSE OF DIRECTING PORTIONS OF PROCEEDS FROM THE SALE OR LEASE OF ANY CITY-OWNED REAL ESTATE IN THE ATLANTA NEIGHBORHOODS OF MECHANICSVILLE, PEOPLESTOWN, PITTSBURGH, AND SUMMERHILL, AND THE PORTION OF GRANT PARK COMPRISED OF THE NAMED STREETS IN THE LIVABLE CENTERS INITIATIVE STUDY, TO BE USED FOR AFFORDABLE HOUSING, JOB TRAINING, AND COMMUNITY DEVELOPMENT INITIATIVES IN THE ABOVE-LISTED NEIGHBORHOODS; AND FOR OTHER PURPOSES.

Information

Department:Office of the Municipal ClerkSponsors:Councilmember, Post 1 At-Large Michael Julian Bond
Category:Personal PaperFunctions:None Required

Body

WHEREAS, the City of Atlanta (“City”) owns various facilities and green space throughout the City, and has direct responsibility for maintaining, repairing, securing, and providing services at facilities such as Atlanta Workforce Development Agency and Dunbar Neighborhood Center; and

 

WHEREAS, an extraordinary event took place when the Atlanta-Fulton County Recreation Authority recently sold Turner Field to Georgia State University and a private development team, following the Atlanta Braves announced move to Cobb County; and

 

WHEREAS, residents in the adjacent communities surrounding the Turner Field property have raised concerns about how the new mixed-use development may displace long-time property owners and renters; and about the prospects of receiving employment in the proposed construction projects; and

 

WHEREAS, it is in the best interest of all parties to require proceeds from the future sale or lease of any City-owned property in the vicinity of the Turner Field Redevelopment area to benefit residents of the surrounding neighborhoods; and

 

WHEREAS, a Trust Fund Account should be established for the collection and expenditure of these funds to be used solely to fund economic and community development initiatives, such as affordable housing and job training; and in the neighborhoods of Mechanicsville, Peoplestown, Pittsburgh, and Summerhill, and the portion of Grant Park comprised of the named streets in the Livable Centers Initiative study.

 

NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ATLANTA, GEORGIA, as follows:

 

SECTION 1: That the Chief Financial Officer is authorized and directed to establish an appropriate Trust Fund to benefit the following neighborhoods: Mechanicsville, Peoplestown, Pittsburgh, and Summerhill, and the portion of Grant Park comprised of the named streets in the Livable Centers Initiative study.

 

SECTION 2: That the Trust Account may be used solely to fund construction and preservation of affordable housing, job training, and community development, to benefit the above-listed neighborhoods.
 

SECTION 3: That the Chief Financial Officer is authorized and directed to place into the Trust Fund some or all of the funds generated from the sale or lease of City-owned property, or the City’s portion of funds generated from the sale or lease of property that it partially owns, in the above-named neighborhoods, in accordance with the following schedule, and shall sunset January 1, 2027:

 

Proceeds between $0.01 and $500,000:                            100 percent

Proceeds between $500,000.01 to $1,000,000:              A reasonable amount no less than 50%

Proceeds over $1,000,000                                                        A reasonable amount no less than 33%

             

SECTION 4: That the Chief Financial Officer is authorized and directed to seek to identify additional potential sources of revenue that might be appropriate for the Trust Fund, and to report those sources to the Finance/Executive Committee, on at least an annual basis.

 

SECTION 5: That all ordinances and parts of ordinances in conflict herewith are hereby repealed for purposes of this ordinances only, and only to the extent of the conflict.

 

Meeting History

Feb 20, 2017 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

REFERRED TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:REFERRED WITHOUT OBJECTION
Mar 1, 2017 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft
RESULT:HELD IN COMMITTEE [UNANIMOUS]
MOVER:Carla Smith, Councilmember, District 1
SECONDER:Clarence "C. T." Martin, Councilmember, District 10
AYES:Howard Shook, Yolanda Adrean, Alex Wan, Natalyn Mosby Archibong, Carla Smith, Clarence "C. T." Martin, Felicia A. Moore
Mar 6, 2017 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Mar 15, 2017 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft

Councilmember Bond

Matthew Cardinale

Columbus Ward

Sherrie Brown

RESULT:HELD IN COMMITTEE [6 TO 1]
MOVER:Yolanda Adrean, Vice Chair
SECONDER:Alex Wan, Councilmember, District 6
AYES:Howard Shook, Yolanda Adrean, Alex Wan, Natalyn Mosby Archibong, Clarence "C. T." Martin, Felicia A. Moore
NAYS:Carla Smith
Mar 20, 2017 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

RETURNED AS HELD TO FINANCE/EXECUTIVE COMMITTEE WITHOUT OBJECTION

RESULT:RETURNED AS HELD
Mar 29, 2017 1:00 PM Video Finance/Executive Committee Regular Committee Meeting
draft Draft

Councilmember Michael Bond

Matthew Cardineli

Dr. Jane Ridley

Avery Jackson

Lindsey Wilson

Allison Johnson

Pat Cambiance

Ron Shakir

Demarris McDonald

Look at sheet

Sam Hogan

RESULT:FAVORABLE/SUB/AMENDED [3 TO 2]
MOVER:Carla Smith, Councilmember, District 1
SECONDER:Alex Wan, Councilmember, District 6
AYES:Alex Wan, Natalyn Mosby Archibong, Carla Smith
NAYS:Howard Shook, Felicia A. Moore
ABSENT:Clarence "C. T." Martin
AWAY:Yolanda Adrean
Apr 17, 2017 1:00 PM Video Atlanta City Council Regular Meeting
draft Draft

ADOPTED SUBSTITUTE AS AMENDED BY A ROLL CALL VOTE OF 9 YEAS; 3 NAYS; 1 ABSTENTION

Note: Councilmember Bottoms stated for the record her abstention to Ordinance 17-O-1080 was due to a potential conflict of interest (legislation relating to city property that is close to the sale of Turner Field in her capacity as the former Executive Director of The City of Atlanta and Fulton County Recreation Authority).

.

RESULT:ADOPTED SUBSTITUTE AS AMENDED [9 TO 3]
AYES:Michael Julian Bond, Andre Dickens, Carla Smith, Kwanza Hall, Ivory Lee Young Jr., Cleta Winslow, Alex Wan, Clarence "C. T." Martin, Joyce Sheperd
NAYS:Howard Shook, Yolanda Adrean, Felicia A. Moore
ABSTAIN:Keisha Lance Bottoms
ABSENT:Mary Norwood
EXCUSED:Natalyn Mosby Archibong