Athens plans to create Community Improvement Corporation

8/18/2022

Athens plans to create a group to help with the city’s economic development.

During its Monday meeting, city council conducted the first reading of an ordinance creating the Athens Community Improvement Corporation (CIC). The ordinance needs two more readings before it is passed and becomes law.

The corporation will be an economic development tool for the city, according to Councilmember Sarah Grace, who introduced the ordinance. It will be able to buy property, improve it through either new construction or renovating current buildings and will be able to go into debt and issue bonds in order to accomplish its goals.

Mayor Steve Patterson said he expects the corporation’s board to meet monthly until it gets things rolling.

Follow the link to learn more: https://www.athensmessenger.com/news/athens-plans-to-create-community-improvement-corporation/article_bd9dd84c-1da5-11ed-8f0a-b722ad291450.html