The Gwinnett County Board of Commissioners approved a request by the Sugarloaf Community Improvement District on June 6th to expand the district boundaries by five parcels.
The continued growth of the CID benefits the entire community and testifies of the value property owners see in this investment. We are grateful for the participation of these new properties to ensure the district remains connected, safe, and attractive.
Alyssa Davis, Executive Director
The expansion adds $56.58 million in appraised value to the Sugarloaf CID, and it will grow the CID to a total of 115 taxable parcels.
The Sugarloaf CID was formed in 2016 with 43 parcels and $135.6 million in appraised value. The CID has expanded every year since then and has grown to more than six times its initial value.
When property owners join the CID, they agree to pay an additional tax of 3.5 mills to fund projects that make the district more connected, safe, and attractive. The addition of these new properties will increase the amount of funding the CID will be able to leverage to complete these important projects.
Even with this dramatic growth, the CID still has opportunities to expand. If you are a property owner interested in learning more about the Sugarloaf CID, please contact Alyssa Davis.