ABOUT MRC

The Marietta Redevelopment Corporation (MRC) is a tax-exempt corporation under Section 501(c)(3) of the Internal Revenue Code. The MRC was authorized by vote of the City Council and officially incorporated in February of 2003. The MRC serves at the pleasure of the Marietta City Council, who appoints the Directors of the Corporation. Officers of the Corporation are elected from and by the Board of Directors with final approval by the Marietta City Council.

All responsibilities, functions and powers of the Corporation have been delegated by the City Council for the benefit of the community and its residents. The initial Board of Directors was formed during the summer of 2003 and is compromised by citizens with education and professional backgrounds in real estate, finance, insurance, architecture, engineering and law. Professional staff members include an Executive Director and Redevelopment Project Manager.

The purposes of the MRC are to strengthen the economic and residential base of the City of Marietta 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, assemble properties for redevelopment where needed and "to exercise all redevelopment and other powers under Article IX, Section II, Paragraph VII of the Constitution and Chapter 44 of Title 36 of the O.C.G.A., (the Redevelopment Powers Law), as amended."

Included among these redevelopment powers under Georgia Law is the responsibility to act on the City’s behalf to implement redevelopment plans and administer tax allocation districts (TADs) that have been formed to encourage revitalization within blighted areas. The City has already created three such districts, which have been identified as the "Center City South Renaissance" (CCSR), "Center City Perimeter" and "Franklin-Gateway" TADs. The City, Marietta Board of Education and the County have either already consented or may decide in the future to pledge their respective shares of new tax revenues, or tax increment, within these respective TADs.