The Board of Commissioners voted unanimously Tuesday to create Clayton County’s first Community Improvement District.
The election of the board of directors for the CID will take place June 29 at Omnitech Institute in College Park in classroom 4.
The Clayton Airport South Community Improvement District is expected to drum up about $400,000 from an extra tax business property owners in within the CID agree to pay to improve the area. The CID has complete control over the additional property money to use toward beautification, infrastructure and public safety projects.
CIDs also tend to attract additional grants from the government.
“We’ve been told by CID experts that we would expect to be able to leverage those CID dollars at a rate from between 4:1 to up to 10:1,” said Steve Bearman, a property owner in the area. “In other words, for every extra dollar we bring in this additional taxation, we should expect to bring in additional government grants at a rate between 4:1 and 10:1.”
The Airport South CID includes area around I-285, Sullivan Road, the Phoenix Boulevard area, Riverdale Road, West Fayetteville Road, and also in the top Camp Creek area near the Georgia International Convention Center. The boundary continues down Riverdale Road and West Fayetteville Road, and then goes east to South Ridge Industrial Park.