Watch Now: Mount Zion Schools To Benefit From Decatur TIF Expiration | Government and Politics
Meanwhile, city officials have also voted to accept an additional $ 1.5 million in federal bailout funds to be allocated to tackle housing insecurity.
The funds come under the HOME program of the US Department of Housing and Urban Development.
According to the HUD website, uses of the funds include tenant-based rent assistance, housing rehabilitation, homebuyer assistance, and new housing construction.
About $ 1.025 million in HOME funds were already included in the city’s budget for fiscal year 2021. The city was then made aware of the additional funds available as part of the federal stimulus package.
City officials said they are still awaiting further guidance from HUD on how this latest batch of funds can be deployed. The public will have the opportunity to comment on how the funds are spent.
In August, the board approved a budget amendment representing more than $ 21 million in federal COVID-19 stimulus funds, most through the ARP, which was enacted in March.
Also on the board Monday evening:
The council approved an ordinance modifying the Decatur Macon County Enterprise Zone, which will allow developers of collective housing to access economic incentives.
A corporate zone is an economic development tool that exempts inside properties from paying sales tax on construction costs. It is more often taken advantage of with commercial and industrial developers.
The incentive would only be available for multi-unit residential projects of 10 or more units. A minimum investment of $ 50,000 is required per unit to be eligible.
Mount Zion Village Council has already approved the amendment to the intergovernmental agreement. Forsyth, Long Creek and Macon County are expected to vote on it this month. The approval of the five governing bodies is required for the change to take effect.
The optical fiber
The council unanimously approved an order to modify a contract with Bodine Electric for the installation of a 144-strand fiber-optic cable that will extend the reach of the city’s broadband network.
In April, the city approved a $ 915,000 contract with Bodine for broadband expansion, which included three fire stations. The city received a state grant of $ 800,000 for the project, covering the remainder with federal stimulus funds.