Page 19 - The City of Smyrna GA 2019 Annual Report

SMYRNA’S FINANCIAL STORY - HOW IT BEGAN
• 1991 – The Downtown Smyrna Development Authority purchased land and built the Library with a $6.4 million Bond, purchased land and built the Smyrna Community Center with a $8.6 million bond.
• 1996 – City of Smyrna/Thomas Enterprises Retail – Public/Private Partnership/ Joint venture with $2.3 million gained for approximately 1⁄2 the cost of City Hall and surrounding improvements
• 1997 – The Downtown Smyrna Development Authority built the Jail and Police Station with a $7.6 million bond.
• 1999 – The Welcome Center and Museum was built with approximately $750,000 from General Revenue.
• 1999 – The Fire Station was built with approximately $3 million out of General Revenue.
• 2002 – The Veterans Memorial Park was built and dedicated to the City as a Public Park by the Veterans Memorial Association of Smyrna for $1.3 million.
• 2002 – The Market Village – Public/Private Partnership with a total cost of $10 million (City covering $3 million in infrastructure & streetscape)
• 2004 – The second phase of the Market Village shops was completed and the expansion of the Village Pavilion was also completed. (Village Pavilion privately funded)
• 2005 – Successful $22 million Parks Bond Referendum
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