At its April 26 meeting, the DeKalb Board of Commissioners unanimously approved the resolution to create a CID.
Forty-four of the area’s 89 owners, who own 75 percent of all real property – assessed at $72.7 million, consented to the formation of the CID. The total assessed value of the district is $97 million.
With the CID, commercial, industrial and office properties can dedicate a portion of property taxes to improvements of streets and sidewalks, parks and recreation, storm water improvements, and parking facilities.
Commissioner Elaine Boyer, whose District 1 includes Stone Mountain, said the plan will help the community.
“Anything we can do to help the community help itself is a good idea. The area needs to take steps to revitalize itself. Devoting a portion of its own taxes to self improvement is a great first step.”
CIDs already exist in Perimeter Center, Buckhead, Lilburn, Cumberland, South Fulton and Midtown among others. Property owners in the Wesley Chapel Road corridor are in the process of forming a CID.
The Stone Mountain CID’s first organizing meeting takes place at 6:30 p.m. on June 16 at the Hampton Inn, 1737 Mountain Industrial Blvd. Five district board members, who will run the CID, will be elected.