The targeted area — a mile and a half stretch of Franklin Road between Delk Road and the South Loop — has approximately 3,000 units.
As soon as November, the council may request the funds from voters to pave the way for new development to replace the old complexes. Tumlin said during a committee meeting Thursday the replacement may be residential or commercial — whatever will help the area more.
Council member Johnny Sinclair said the city should consider replacing only a portion of the complexes, shifting residents to the remaining complexes to put them at full capacity.
“At full vacancy, those complexes can afford to make renovations,” he said. “The problem is that there are too many complexes on Franklin Road with vacancies.”
The bond to fund the purchase of the aging complexes would require a 2 mill increase for taxpayers, or about $160 on a home assessed at $200,000, Marietta Economic Development Director Beth Sessoms said.
The bond would be a 20-year bond, City Attorney Doug Haynie said.
Tumlin said the proposal follows the voters’ acceptance of the recent SPLOST proposal, allowing the Marietta Board of Education to pay off its indebtedness.
Tumlin said he’s looking at a ripple effect in redeveloping the buildings. The area requires high police and fire attention and hinders the schools’ performances, council members said.
Tumlin’s plan is to aggressively fight against urban blight for the sake of the schools, residents, businesses and pubic safety, he said.
The city would use the Marietta Housing Authority to relocate the residents, Tumlin said.
Marietta Board of Education Chairman Randy Weiner said the bond is one of the most important ever to come to the voters.
“It has the potential to not only transform the city, but transform the school system,” Weiner said. “A lot of our highest needs and transient students come from the Franklin Road area, and it will greatly stabilize our student population.”
The targeted area houses approximately one-eighth of the city schools’ population, he said.
Tumlin said the redevelopment would put Marietta on the right track to make the city an even better place to live.
Some council members agreed Franklin Road needs attention, but had some questions about the proposal.
“I feel rushed,” Council member Jim King said. “I’m not sure what we’re signing up for.”
Haynie said the city has to do a careful study and investigation of the project before moving forward.
“Eminent domain cannot be done,” Haynie said. “This must be on a voluntary purpose.”
Council members brought up the possibility that the residents may not move out of the same area, forcing police attention to remain there and the school district to see little change.
In order to bring the proposal to the voters in November, the council must make all final decisions by August, Haynie said. It will take two council meetings to finalize any plans, he said.
During the April council meeting, members will vote on hiring financial Consultant Diane McNabb and Bond Attorney Teresa Finister, and to adopt an ordinance. A following meeting in May or later would require a public hearing, designation of targeted areas and a list of projects.