The Marietta Redevelopment Corporation (MRC) is a tax-exempt corporation under Section 501(c)(3) of the Internal Revenue Code. The MRC serves as the redevelopment agency of the city of Marietta at the pleasure of the City Council, who appoints the directors of the corporation. All responsibilities, functions and powers of the corporation have been delegated to it by the City Council for the benefit of the community and its residents.
The principal mission of the MRC is to strengthen the economic and residential base of the city by revitalizing neighborhoods, commercial areas and other distressed properties.
The MRC’s primary roles are to advise the City Council on redevelopment matters, to facilitate efforts by the private sector to invest in the community, to make strategic real estate investments in blighted areas and to assemble properties for redevelopment where needed.
The MRC was authorized by vote of the City Council and later officially incorporated in 2003. The corporation subsequently applied for federal tax-exempt status and was officially recognized as tax-exempt under Section 501(c) (3) of the Internal Revenue Code in 2004.
Officers and members
The MRC board of directors is appointed by the City Council for two-year terms. The chairman and vice chairman are selected by the voting members of the board of directors.
From its inception the MRC has helped the City Council implement its redevelopment expectation for Marietta. The city's vision evolves as progress is made by implementing Marietta's comprehensive redevelopment strategy. The MRC's goals are similar to the City Council's goals and the needs of the community.
Utilize the Marietta fund for neighborhood and community revitalization (the Fund) resources in areas to reduce the number of nonproductive properties to produce an immediate positive impact on neighborhoods.
Carefully evaluate redevelopment opportunities and reuse options for assembled properties and manage property disposition in a manner that maximizes benefits to the city.
Leverage the Fund with federal and state economic development housing resources funds to advance redevelopment objectives.
Work closely with the private sector to identify and assemble parcels for redevelopment to enhance the city's influence on density and physical characteristics of future redevelopment projects.
Encourage the success of redevelopment projects that have already been initiated and supported with public investment.