PURPOSE, POWERS, AND OVERVIEW
OF THE CITY OF COLLEGE PARK
BUSINESS INDUSTRIAL DEVELOPMENT AUTHORITY (BIDA)
Purpose:
The Authority was created by an Act of the General Assembly in 1980 to:
Acquire, construct and operate public projects, buildings, and facilities….with the right to lease or sell any such real property;
Attain development and promote general welfare, trade, commerce, industry, and employment opportunities;
Ascertain and designate blighted areas and address these areas through tools like acquisition and disposition.
Powers:
Authority to acquire, develop, lease, sell, and dispose of real and personal property, to contract for and develop projects necessary or convenient to accomplish BIDA’s corporate purposes. To accept loans and borrow money and issue negotiable revenue bonds.
Overview:
The College Park Business and Industrial Development Authority, also know as the Clearly College Park Development Authority, was established primarily as a financing mechanism to further the community’s economic development initiatives. The tools available to this end include the disposition of real estate, public-private financing (bonds, payments-in-lieu-of taxes) and other incentives. Seven members comprise the Board – the Mayor and members appointed by Mayor and Council of College Park.
BIDA 2023 Meeting Agenda Schedule.pdf
BIDA Business Awards WINNERS LIST 2022 .pdf
Clearly College Park BIDA Board Members
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Bianca Motley Broom
Mayor |
Ambrose Clay
Mayor Pro-Team |
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Mrs. Selissa Jefferson
BIDA Board Chair
Ward IV |
Dr, Anita Brown Catus
BIDA Board Vice Chair
Ward III |
Sherry Godfrey
BIDA Board Member
Ward I |
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Lisa Parker
BIDA Board Secretary
Ward II |
Leslie Zinn
BIDA At-Large |