.NTg1NQ.NTg1NQ

ECONOMIC DEVELOPMENT PARTICIPATION OF MODEL NEIGHBORHOOD, INC. IN ATLANTA MODEL NEIGHBORHOOD PROGRAM I. General Statement Mode l Neighborhood, Inc. is a private, non-profit corporation wholly owned by workers, residents, businessmen, and home owners o f an older section of Atlanta that forms a portion of the City of Atlanta's Model Neighborhood Program. Mode l Neighborhood, Inc. was incorporated under the laws of the State of Georgia in February of 1968 for the purpose of serving as a catalyst to and an instrument of and for the economic development of a particular a re a of Atlanta. The Corporate Board o f Trustees feels the need f or grassroots participat ion in the Model Ne ighbo rhood Program and, therefo re, desires to be a v ehi cle through which the peop le o f t h e a rea c a n part icipate f ully in the physica l, social and economic devel opment o f the Mo de l Neighborhoo d area. Board of Trustees Edward Moo dy , Chairman 241 Doane Street , S . W. Atlant a, Ge o r gia 30315 Robert Alliso n 91 4 McDaniel Street , S . W. Atlanta, Georgia �2 Board of Trustees (Continued) c. G. Ezzard 24 5 Atlanta Avenue, S. E. Atlanta, Georgia Nathaniel Protho 689 Ira Street Atlanta, Georgia Geo rge Grier 398 Glenn Street, S. W. Atlanta, Georgia W. M. Lewis 711 Martin Street, S. E. Atlanta, Georgia Avery Shields 985 Smith Street, S. W. Atlanta, Georgia Clark Martin 1065 McDaniel Street; S.W. Atlanta, Georgia Magg ie Evans 159 Little Street, S. E. Atlanta, Georgia Joe Stallings 101 Vanira Street, S. E. Atlanta, Georgia Samu e l W. Cochran 137 Vanira Stre e t, S. E . Atlanta, · Georgia Austin Ford 1017 Ca pitol Avenue, S.E. Atlanta, Georgia Activities and Pro gram Status Nego tiations are unde rway f or purchasing two p arc els o f land from t he At lanta Hous ing Authority. The tracts are across the street fr om each o ther ; together, they compri se about fo ur a cres ; both are zoned f or commerc ial u se . purcha se pri ce is $216,000.00 Tota l A firm commitment has been obtained f rom a loca l bank (Trust Company o f Ge o rg i a) to loan the corporation the down payment necessary t o t ie up the land while development plans are being f irmed up. The corporation has raised from its membership and placed on deposit sufficient funds to prepay the interest on the loan. �3 Arrangements for permanent f i nan cing (land and construction) are under discussion with participating companies in the insurance i ndustry's one-billion dollar loan program. The corporation is being a ssisted by the Trust Company of Georgia in these negotiations. A p reliminary market study prepa red for the corporation by Hammer, Green, Siler and Associates, showed t hat the area could support 56,000 square feet of convenience goods retail space. Six hundred fift y new units of public housing are now being occupied adjacent t o the site. Major oil companies are being contacted by the corp oration for possible l e asing of combined gasoline service and training f aciliti es in t he shopp ing ce nter . Tentative verbal comm itments have been obtained from several potent ial institutional tenants pend i ng the working out of space requirements and cos ts, and a number o f area residents have expressed desires to have the co rpo rati o n assist them to obtain financ i ng f or proprietorsh i p businesses wh ich would lease space in the ce n ter. The corporation itself is considering establish i ng a cooperat i vely owned retail drug store which would be a tenant of the center. The Atlanta Housing Authority and the Chairman o f the Aldermanic Planning and Development Committee have endorsed t h e project and are giving full support to the corporation's e f forts. �4 Representativ es of the co rporation are now negotiating with one of the state's leading industrial firms to establish a comp one nt assembly plant within the Model Citie s Area under the sponsorship of the corporation. A proposal to the industrial firm to provide financing for a feasibilit y study is now being prepared by the Industrial Development Division o f Georgia Tech at the firm' s suggestion. The co rp oration will request several thousand dollars in the form of a loan or grant to undertake the f e a sibility study. Members of the Board of Trustees h ave met with t he Fede ral Housing Agenc y to expres s the corp oration's i nterest in t he 22l(H), housing rehabilitati on pro g ram. The Board was advised t hat approximately $1,000 in re fundable "seed mon e y " would be required. Tentative agreement for a loan for this purpose has been obtained from the Presbyterian Ch urch of the United States. A separate non - profit corporation has been chartered with Emmaus House of the Ep iscopa l Ch urch to unde rtake the 22l(H) phase of the p r ogra m. Board members are now reviewing the City's plans f o r redev e lopment in the Mech anicsville and Summerhi ll ne i ghb o rh oo d s with the p urp ose in mind to coordin ate the corporat i o n efforts with tho s e of the Ci ty of At l anta. �5 In other housing efforts, volunteer technical assistants have been instructed to deve lop innovative alternatives for possible housing demonstration projects within the framework of the Federal 22l(d) (3) program. Two area c hu rche s have expressed desires to sponsor such projects. Through its experience with its own program development, its activities in the fields outlined above, its facilities (shopping center) and capital resources obtained through doing business and receiving loans and grants, the corporation hope s to be the non-profit vehi cle through whi ch assistance to a rea residents desiring to establish profit making small businesses may be channeled . For example, a proportion of the shopping center space suf fi ci ent to guara n tee meeting mortgage ret irement needs (approximately 60 percent o f t he space) wil l be leased o nly to we ll-established tenants; the · emainder wil l be made ava i lable as first pr iority to local residents attempting new business ven ture s. Dire ct technical assistanc e to such new enterprises has been provided by various private and g overnmenta l groups i nthe Atlanta area. The corporation desires to contribute to redevelopment efforts of the Model Ne i ghborhood Ar ea not only through coordinating its own development programs with proposed city activities, but also to act as liaison between area residents and governmental agen cies, · to reiterate both �6 criteria and suggestions of proposals through a continuing pub lic information and idea exchange program. The corpora- tion intends to directly involve area residents in the planning process. It is central to the Board's policy that the corporation retain its "self-help" nature. The people of the Model Ne ighborho od Area have the abilities needed to share in the improvement of their own community, and demonstrate self-reliance. The corporation can serve to spark initiative and provide a framework within which the people can help themselves on ly i f decision-making remains in the hands of the people. Wh ile the corporation will co nt inue to seek assistance from outside the community and will continue to give assistance within the commun ity , any assistance offered will not be acceptable unless it perpetuates this self- help objective. Model Ne ighborhood , Inc. seeks to join with the City of Atlanta through the City's Model Ne ighborhood Program in the physi cal , social, and economic development of the Model Neighborhood. �7 The c orpo r ation has defined its purpose, listed act ivities as formulated to date and stated progress made toward t h ose a ctivities in t h e preceding pages. Major emphasis h as been and cont i n ues to be p laced on the shopping cente r. volunteer technical assistance h as been used to explore and i mplement the corp oration ' s ideas and d e sires, yet, such volunteer ass i stanc e , while great l y a ppre ciate d r emains the l a rge st r oadblock to implementation. By its very nature, such ass istance is always at t he leisure of the volunte e rs and the p r o gram move s slowly as a consequence. Rapid progre ss wi l l be made onl y whe n the corporation has funds enough to buy manpower . The current c r itical nee d i s c apital to make the project " operational ". So urc es t o p rovide o ne hundre d pe r c ent o f land a nd c onstruction c os ts have been l ocated . What is needed i s mo ney to b u y manpowe r -- both sta f f a nd technical consultants. Staffing requi rements are very mini ma l a t th i s p oi nt ; no mo re than two f ull-t ime empLoyee s are necessary . Technical assistance requirements include architectual, legal , financia l and managerial. It is estimated t hat as much as $50,000 may be required eventually in order to make the one-million dollar center operational. �8 II. Proposal 1.0 Work Statement . Model Ne igh borhood , Inc., with the financial assistance of the Model Ne ighborhood Program, will seek to accomplish the following activities: 1.1 To construct and manage a shopping center . facilit y as described in Section I . 1.2 To provide vocational training thro u gh the facilities of the shopping center. 1.3 To stimulate the deve lopment of Negro entrepreneurship through the selection of tenants for the shopping ce nte r. 1 .4 To sponsor. the creation and ownership of a neighborhood i ndustry within the Model Neighbo rhood Area . All of the above activities are in agreement with the physi cal, social, and economi c deve lopmen t goals o f the Mode l Ne i ghborhood Program. For Model Neighborhood, Inc. to be success ful or to mak e an attempt to successfully accomplish its activities staffing and technical assistance are imperative. �9 2.0 Staffing. The follo wing staffing requirements are based on the assumption that the corporation's activities listed in section 1.0 will be implemented. 2.1 Staff Corporate Director Adm inistrative Director Secretary-Bookkeeper .1 Corporate Director. The corporate director shall be the Chairman of the Board of Trustees. He shall be responsible for liaison between the corporate board and the administrative director of the corporation . .2 Admin istrat ive Director. The administrative director shall be responsible to the corporation's Boa rd of Trustees for performing the activities determined by the Board to be in the best interest of the corporation and the community. He shall account for all expenditure of corporate funds and for the effective utilization of his time and the time of his staff. �10 .3 Se c re t a r y- Bookkeepe r. Th e s e c re tary -bookke e p er s ha ll ma i n tain the admi n istra tive records of the co rpora tion , i n clu di n g fi n a n cial accounts. She s h a ll al s o s e r v e as sec r etary to t h e corp orate and a dmi n istrative directors of t he corporation a nd as r e cording s e cretary to the Board -of Trustees. 3. 0 Budget . The f ol l owing budg et is f or fiscal y ear 1969, beginning Augu st 1 , 1968 a nd e n ding July 31, 1969 . .1 Staff Corp orate Dire c tor Adm inistrative Dire cto r Secre t a r y - Bookkeepe r • $ 6,000 12, 0 00 4,500 $ 22 , 500 .2 Travel Corporate and Admi n i strative e xpe ns e s $ 300 $ .3 300 Sundry Overhead Telephone ($50 per month x 12) Office Supplies ($30 per mo nth x 12) Duplicating ($3 5 per mo nth x 1 2) Postage ($10 per mo nth x 12) $ 600 360 42 0 120 $1,500 �11 .4 Co ntractural Services Ar c hi tectural Serv ic es $ 7,500 Legal Serv ices ($100pe r month X 12) 1,200 Accounti ng Services ($ 100 per month x 1 2) 1,200 General Consulting Services 2 ,000 $11,900 TOTAL $3 6 , 200 �