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On Dec. 10, the City of LaGrange approved a resolution to make changes to the Mill Creek Station Tax Allocation District (TAD) off of Davis Road.

City Manager Patrick Bowie explained that the resolution will amend the TAD plan for the development and approve a redevelopment agreement with the developer, LRN Commercial.

The amendment will swap parcel uses that are residential and commercial and will extend the expiration date of the TAD by 25 years to Dec. 31, 2049.

The original TAD started in 2011, and it is expected to run out before there would be enough time to collect taxes to pay for new redevelopment costs associated with the new projects.

Mayor Jim Arrington explained that the TAD kind of died for about a decade.

“The Yard [on Mill] was done, and that was the only thing that was built out there,” Bowie said.

The redevelopment agreement will approve disbursement limits of $6.8 million for the multi-family and $23 million for the commercial parts, with the caveat that they have three years to begin construction on the multi-family portion and five years on the commercial portion of the properties will be removed from the TAD boundaries.

“The Yard will continue to collect until they get the $5.3 million that was already promised to them,” Bowie said.

The TAD in question is located at the corner of the Davis Road bypass and Hogansville Road.

The original developer had the multi-family portion placed on that corner of North Davis and Hogansville Road and the commercial portion further in town on Hogansville Road.

Arrington said the new owner, Mack Reese, wants to swap them.

Councilman Mark Mitchell said the Mill Creek TAD is the oldest TAD he had been involved in approving over a decade ago.

“We were having no growth whatsoever in LaGrange, and this was part of that deal. We included some apartments to be in the TAD to try to spur some growth,” Mitchell said. “This is the only residential tad that we’ve been involved with.”

The resolution was unanimously approved by the council.