REPORT OF SUGARLOAF COMMUNITY IMPROVEMENT DISTRICT OF PROPOSED MILLAGE RATE
In compliance with O.C.G.A. §48-5, the Sugarloaf Community Improvement District (“CID”) reports that at its meeting on July 9, 2020, beginning at 9:30 a.m. at 6500 Sugarloaf Parkway, Duluth, Gwinnett County, Georgia 30097, the CID Board of Directors will vote upon a proposal to levy an ad valorem taxation rate of 3.5 mills, and will set its millage rate for the lawful purposes of the District for the current calendar year. Set forth below is the assessed taxable value of the properties subject to taxes for the current year and immediately preceding year, the total dollar amount of ad valorem taxes proposed to be levied for the current year and levied in the immediately preceding year, as well as the percentage and total dollar increase or decrease with respect to the immediately preceding calendar year. This is the fifth year of the CID’s existence, so there are only four years of previous values to report. All property levied upon is real property. The millage rate each year has been 3.5 mills.
| YEAR | Assessed Value | Taxes Levied | % Change | $ Change |
|---|---|---|---|---|
| 2016 | $54,252,720 | $189,884 | 100% | $189,884 |
| 2017 | $91,685,960 | $320,901 | 69% | $131,017 |
| 2018 | $100,207,840 | $350,727 | 9% | $ 29,826 |
| 2019 | $111,420,120 | $389,970 | 11% | $ 39,243 |
| 2020 (proposed) | $150,228,894 | $525,801 | 35% | $135,831 |
J. Lynn Rainey, PC – State Bar No. 592350 – 358 Roswell Street, Suite 1130 Marietta, Georgia 30060 – (770) 421-6040 – CID General Counsel
What is a Community Improvement District?
A Community Improvement District (CID) is a self-taxing district that uses additional property tax dollars to improve its district with beautification, infrastructure, and public safety improvement projects. CIDs are comprised of private, non-exempt commercial and industrial properties.
What are the Benefits of a CID?
CIDs have been used successfully around the country to revitalize center cities. A CID is an effective tool for financing improvements that directly enhance property values by allowing property owners, through a board of directors which they elect, to determine how funds are spent in their area.
What types of improvements can be made using the CID revenue generated?
The Georgia Constitution specifies that funds collected through a CID may be used for these purposes:
- Street and road construction and maintenance
- Parks and recreational areas and facilities
- Storm water and sewage
- Development, storage, treatment, etc. of water
- Public transportation
- Parking, terminal and dock facilities
- Other governmental services and facilities, e.g., Public safety
When did the Sugarloaf CID form?
The CID formed in June 2016 with 43 properties. The CID is currently working to expand. Interested property owners should contact Alyssa Davis – adavis@sugarloafcid.org.
How much is the CID investment? How is it calculated?
The annual CID investments is included on the County Property Tax Bill. The CID Board of Directors set the millage rate at 3.5 mills, which is lower than most CIDs in Metro Atlanta.
How long will the CID investment be paid?
CIDs are created for six years as stated in the state CID legislation. At the end of every six years, the property owners must vote whether to continue with the CID. Due to the overwhelming success of the CID model, no CID in the State of Georgia has ever voted to dissolve. The oldest CID was formed in 1988.
Why should a property owner join the CID?
- To assist in the advancement and improvements of the Sugarloaf area
- To be an active participant and advocate for their community
- To have input into which projects will be implemented to improve property values and drive economic development
- To network with business/property owners, community leaders and elected officials
- To leverage CID resources for government issues regarding permitting, zoning, etc.
- To access local, state and regional organizations and representatives easily
- To take advantage of coordinated public relations
- To tie into organized branding for the community
What are some initial projects for the Sugarloaf CID?
The CID is working on intersection improvements for the following locations:
- Sugarloaf Pkwy @ Satellite Blvd
- Old Peachtree Rd @Satellite Blvd
- Old Peachtree @ Meadow Church Rd
- Sugarloaf Pkwy @ Meadow Church Rd
- Sugarloaf Pkwy @Premiere Pkwy
- Satellite Blvd @ SR 120
The CID is also working on a pedestrian study, a sidewalk study, and additional landscaping enhancements at the I-85 at Sugarloaf interchange.
Projects
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