Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Georgia |
| Effected Jurisdiction: | Cobb County Board of Education |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2019 |
| Program name: | Akers 75 |
| Program purpose: | Data Center |
| Statutory authority: | Georgia Development Authorities Law, under Title 36 Chapter 62 of the Official Code of Georgia |
| Abating jurisdiction(s): | Development Authority of Cobb County |
| Applicable taxes: | Real/Personal Property Tax |
| Method of abatement: | Tax Exemption |
| Provisions for recapture: | There are provisions for recapturing some portion of the value of these incentives in the event capital investment and job creation numbers are not met during the incentive period; however, the Development Authority can immediately return title to a company for a non- performing project, which cancels the incentive going forward. |
| Gross revenue loss: | $316,278 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $316,278 |
| Type of loss: | Passive |
| Additional notes on dislosure: | Includes agreements with Terrell Mill LLC (Quintiles), Federal Express - Phase II, Novelis Global Technology Center, and Home Depot USA |
| Document source: | https://www.cobbk12.org/page/23516/ccsd-archived-cafr-reports-management... |
