§ 30-106. Creation of retail incentive tax-exempt zones.

(a)

The criteria for the designation of an area of the city as a retail incentive tax-exempt zone is as follows:

(1)

The area is presently a functional commercial district where more than 50 percent of the area has served the retail market for more than ten years;

(2)

The retail infrastructure is already in place (also known as "second generation retail");

(3)

A strong crime reduction program or strategy is in place;

(4)

The area has strong retail market potential combining easy accessibility, high traffic count and favorable demographics;

(5)

Designation as a retail incentive tax-exempt zone will reinforce and upgrade retail activity within the designated area;

(6)

The area meets the requirements for locations which are presently eligible for other economic development programs made available through the city (including but not limited to: the facade improvement program; the business improvement loan fund program; enterprise zone; empowerment zone).

(b)

Based on the criteria set forth in subsection (a), the following areas are declared retail incentive tax-exempt zones for the tax years 1998—2003.

(1)

Fairlie-Poplar/Macy's area;

(2)

Auburn Avenue/Edgewood;

(3)

COPA;

(4)

Empowerment Zone;

(5)

MLK/Ashby/James P. Brawley/Fair St./Mason Turner;

(6)

Metropolitan Parkway Redevelopment Corridor;

(7)

Underground Atlanta;

(8)

All mixed-use residential and commercial urban enterprise zones;

(9)

Bankhead MARTA station;

(10)

DeFoor's Ferry/Marietta Blvd.;

(11)

Marietta Rd./Bankhead Highway;

(12)

Chapel Rd./Bankhead Hwy./Simpson Rd.

(13)

Anderson Avenue to Martin Luther King Jr. Drive, to Fulton Industrial Blvd.

(14)

East Atlanta;

(15)

Kirkwood;

(16)

Edgewood;

(17)

East Lake.

(Ord. No. 1997-48, § 2, 8-25-97; Ord. No. 1998-70, § 1, 10-13-98)