TAD Advisory Committee - Newton Bridge Area

AGENDA NEWTON BRIDGE TAX ALLOCATION DISTRICT (TAD) ADVISORY COMMITTEE Monday, February 19, 2024: 3:15-4:15 PM Bobby Snipes Water Resources Center Presentation Room 780 Barber St., Athens, GA 30601 The meetings for the Newton Bridge TAD Advisory Committee will be available to watch live on YouTube at the link available on the Agenda Center for the Newton Bridge TAD (https://www.accgov.com/10343/TAD-Advisory-Committee---Newton-Bridge-R ). Members Present: Daniel Epting, David Barbe, Pete Dugas Members Absent: Tracy Davenport, Leon Leathers A. Call to Order as a Regular Meeting: David Barbe, Chair 1. Meeting began at 3:20pm B. Approval of Agenda 1. Motion to approve agenda: Pete Dugas Second: Daniel Epting Unanimous approval of agenda C. Approval of 1.22.24 Minutes 1. Motion to approve minutes: Daniel Epting Second: Pete Dugas Unanimous approval of minutes D. New Business: 1. Chase St. Project and Surrounding Projects in Area Discussion, Rani Katreeb, Interim Dept. Head of ACCGov Transportation and Public Works i. Barber St. Two-Way Bike Facility and Sidewalk project is believed to be underfunded once construction phase is active. In design phase at the moment. TAD Advisory Committee should share perspective during preliminary engineering phase of this project. ii. Chase St. Project-concept approved in summer 2023. Funded through TAP program, which is a state (20%) and federal (80%) funded program. TAP focuses on pedestrians and bicycles, which means the intersection at Dairy Pak, Chase and Barber wasn’t evaluated on level of service for cars. Intersection at Loop 10 and Oneta are getting roundabouts. How can we influence how the money is spent on the intersection? If a change is made to the concept at this point, more work is to be done and will further delay the project. Rani suggests completing a conceptual level  analysis following state level details, incorporating the Barber St multi-use path and a road way diet on Newton and provide those results to the TAP Program administrators. ICE Study costs $70- 100K. Benesch could do the ICE study.If you include design, it could be closer to $200K. iii. 1125 Newton Bridge Rd.-Developer is going to provide intersection improvements at Kathwood and Vincent. We cannot dictate what improvements they are willing to do. A traffic light costs $350K but the additional infrastructure needed pushes the cost to $3M. E. Committee Questions and Discussion 1. Can the increment from General Times and the proposed DR Horton subdivision be forecasted? Yes; the lease rates for general times apartments and the commercial/retail spaces and purchase price of the homes would need to be given to the Tax Assessor for him to be able to calculate the increment 2. Can TAD boundaries be amended? Yes, however, it is not recommended. 3. How many hours does it take to amend redevelopment plan? 15-25 hours, approx. $10,000-$16,000 4. Increment can’t be forecasted as we don’t know what will be built in the future; it is best to take average of past years increment to get an idea o what future years will bring. 5. The Finance Dept. deposited money in the wrong TAD accounts so that is why it initially looked like it went down; that has now been corrected. F. Public Comment G. Date for Next Meeting: TBD H. Adjourn 1. Motion to adjourn: Leon Leathers Second: Pete Dugas Unanimous approval to adjourn Meeting ended at 4:44 pm