City sees good financial news
by Noreen Cochran
November 01, 2012 12:32 AM | 2207 views | 2 2 comments | 9 9 recommendations | email to a friend | print
MARIETTA — The city of Marietta’s finances are beginning to shrug off the effects of the recession.

During the City Council’s monthly set of committee meetings this evening, Finance Director Sam Lady is expected to report that first quarter revenue is up $97,000, an increase of about 1 percent over last year.

“Personal property taxes … are currently trending upward,” Lady wrote in the quarterly report.

In addition, the city’s pension plan investments earned about 19 percent in the first quarter. During the same time, the Dow Jones Industrial Average increased about 4 percent.

Reserves are at $15 million, or almost one-third of the city’s $48 million budget.

The fiscal quarter began July 1 and ended Sept. 30.

In other business, a developer is asking the city to drop an energy-efficient designation from his zoning requirements

As part of the Aug. 10, 2011, zoning, Glenn F. Drake is required to get Leadership in Energy and Environmental Design certification for the homes he is building in a subdivision at 155 Montgomery St., off Cherokee Street in north Marietta.

However, he is not sure he can guarantee the LEED designation in time to sell the 1,800-square-foot homes and wants the city to revise the zoning law.

“I have had tentative offers for the homes and one in cash, but I could not give specifics on the LEED certification approval and it looks as if I have lost those opportunities,” he wrote in a letter to City Council members.

The homes will be energy-efficient anyway, he said.

Council members will also consider:

* Traffic improvement projects, including traffic calming devices on Lee’s Trace and lowering the speed limit in Whitlock Heights subdivision from 30 to 25 mph.

* Annexing pockets of unincorporated Cobb County that are within city limits. The locations being considered are on Canton Road in east Cobb, on Powder Springs Road west of Sandtown Road and on Cobb Parkway near Windy Hill Road.

“They appear already to be in the city and this would help with service delivery,” City Manager Bill Bruton said. “(It) would be easier to serve with police and the other city services. (It) would not be confusing as to which government — the city or county — is responsible.”

* The city’s legislative priorities for the 2013 state Legislature session, which begins Jan. 14. One of the city’s four priorities is amending the law to withhold the annual license plate decal if the owner has two or more outstanding parking tickets.

“This bill would allow municipalities a method to collect a large portion of revenue that would otherwise go uncollected,” Shannon Barrett, assistant to Bruton, wrote in a memo to the committee.

* Revising the site plan for a Starbucks coffee shop on Whitlock Avenue — where the Krystal restaurant used to be — to allow customers to be able to exit its drive-through lane without having to get onto N. Marietta Parkway.

City Engineer Jim Wilgus said in a memo the site plan, if approved, will route cars through the café’s parking lot to Mill Street.

“As part of this request, the existing connection to the Depot Street right of way would be closed,” he said.

* Changing the site plan for work at Merritt Park, a 5-acre greenspace at 501 Wallace Road, to install a tennis court and a sand volleyball court, rather than two tennis courts.

The project, if approved, could be ready by spring.

The committee meetings will begin at 5:15 p.m. today at City Hall, 205 Lawrence St.

Comments
(2)
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STruman
|
November 02, 2012
The City was showing 101 million in reserves, now its only 15 million. Where did it go?
VFP42
|
November 01, 2012
Dear Starbucks, the old Krystal's is on the wrong side of the road. You should have pushed Suntrust out instead of the Krystal.
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