[{"_1":2,"_98":-5,"_99":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,74,86],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":44,"_46":47,"_48":49,"_50":51,"_52":53,"_54":55,"_56":57,"_58":59,"_60":61,"_62":63,"_64":65,"_66":67,"_68":69,"_70":67,"_71":72,"_73":72},"mediaId",6546058,"mediaKeyId","4785930-b432e2feef9516826304da1119fa3e6c","parentId",4785930,"title","Board clears financing bid for 4380 Memorial Drive; adds walk-on to acquire 999 Briarcliff Road","audioSeconds",0,"startMs",7550000,"endMs","viewUrl","/Search/View?dp=1&key=4785930-b432e2feef9516826304da1119fa3e6c&start=7550&end=7550","thumbnailUrl","https://assets.pipeline.soar.com/4785930-b432e2feef9516826304da1119fa3e6c/thumbnail_7550000.jpg","articleUrl","/articles/6546058/DeKalb-County/Georgia/Board-clears-financing-bid-for-4380-Memorial-Drive-adds-walk-on-to-acquire-999-Briarcliff-Road","mediaUrl","https://secure.pipeline.soar.com/6546058-7172f9d4c04e55ad4c5b629ec3eabef8/orig.mp4?Expires=1775122965&Signature=XvlVNUts6kHrndmFVl8rCRTxlwLyRV5SBiPdEme6YTRia7L7cWusBEfreGZsIkMwBrFfBoooaxAzCwlzNHuFNQB2ykuS2XiKhdw0rpLSQQerxy~MYbH01h0P6RVZF93o9ycpFDwNH5VQoVkQOAEqxYcEiuxU4tWf721j9imoJaqwy85TMyElxLGHqIbFGbSxocaZCcWRgw1o5f~BEd7kBkuS530D~hlVVFkQdHaKW2Ye4yFFTENl3~6Rz22tR~cq9lHBou3yYwKO6fllsXDcji-XmwOi8cc4K9QT8yL42gzjK0hjLJ9iBK51duuvScna4wlqpDeoUMe8MuQWyy~Yrw__&Key-Pair-Id=KUT5TJCACFTXG","author","DeKalb County","date","2025-06-17T00:00:00Z","article","County financial advisers presented competitive bid results for bonds to finance URA‑related costs at 4380 Memorial Drive, and commissioners added a walk-on item to acquire a separate property at 999 Briarcliff Road.

Elise Slomel of PFM Financial Advisors said the county solicited bids and received 23 proposals from eight institutions. PFM recommended awarding the bond to Regions Bank, whose bid carried a 3.62 percent per‑annum interest rate and a 3.77 percent all‑in true interest cost (TIC). The county asked for bidding on 10‑, 15‑ and 20‑year amortization options and staff selected the 10‑year amortization as the most advantageous option. Slomel said interest will be due semiannually (May 1 and Nov. 1), principal annually on Nov. 1 starting in 2026, and the bond includes a prepayment option beginning June 30, 2031.

After the presentation, a motion to approve the substitute resolution related to the financing was made, seconded and approved by voice vote.

Separately, while convening a special-called portion of the meeting, commissioners agreed to add and approve a walk-on item to authorize acquisition of the property at 999 Briarcliff Road NE (tax parcel 18105024) for $7,500,000. The board packet stated DeKalb will allocate $4,250,000 and the Kallenwald Foundation, Inc. will donate $3,250,000 toward the purchase price; the walk-on was added and passed by voice vote.

Why it matters: The bond award authorizes the county to finance URA acquisition-related costs with the presented financing structure; the approval of the Briarcliff acquisition is a material, countywide property purchase requiring allocation of several million dollars of county funds and a private donation.

Supporting details and next steps: PFM noted Regions’ bid included customary bank fees and an all-in TIC of 3.77 percent. The 10‑year structure chosen provides a prepayment/refinance opportunity in 2031. PFM recommended Regions as the most competitive on current market terms. For the Briarcliff acquisition, the administration asked the board to add the item as a walk-on and to allocate funds; staff said documents and implementation steps will follow and that the acquisition is intended to proceed with the stated purchase price and donation.

Attribution and record: PFM presented the bid summary and recommendation. The motion to approve the financing substitute and the motion to add the Briarcliff walk-on were approved by voice vote; the clerk’s minutes will record the formal ordinances and allocations when staff files the final documents.

","mediaType","Video","parentTitle","DeKalb County - Board of Commissioners - Committee of the Whole - Jun 17, 2025","oneSentenceSummary","The board heard results of competitive bids for the URA financing of 4380 Memorial Drive on June 17, with PFM recommending award to Regions Bank (3.62% per annum, 3.77% all‑in TIC) on a 10‑year term. Commissioners also voted to add a walk-on to approve acquisition of 999 Briarcliff Road for $7.5 million with a $3.25 million private donation.","taxTitle","DeKalb County, Georgia","taxId",3571,"location","headline","","shortSummary",{"_33":75,"_35":36,"_37":38,"_39":76,"_41":77,"_43":78,"_45":79,"_46":80,"_48":81,"_50":82,"_52":83,"_54":55,"_56":57,"_58":84,"_60":61,"_62":63,"_64":85,"_66":67,"_68":69,"_70":67,"_71":72,"_73":72},6546061,"SPLOST update: road resurfacings, bridges, parks and fire stations moving forward",3183,2317000,5500000,"/Search/View?dp=1&key=4785930-b432e2feef9516826304da1119fa3e6c&start=2317&end=5500","https://assets.pipeline.soar.com/4785930-b432e2feef9516826304da1119fa3e6c/thumbnail_2317000.jpg","/articles/6546061/DeKalb-County/Georgia/SPLOST-update-road-resurfacings-bridges-parks-and-fire-stations-moving-forward","https://secure.pipeline.soar.com/6546061-fc2bb8b9483f084b400a9705b375f71e/orig.mp4?Expires=1775122965&Signature=jQyNEjfoJNOKII3RzVpVLWsXIow0~wcoFxqmNdbJakt9AX4x1EoK6aOUwVjEC12VzWoWeO9D7mkkWujrymWpXZOLqMnqR7Jv-c-AP6PXqcYQ~Md5MdRBeGzQHP2Uj-ehrOCYb-ktYV~nQ5F8-7DCijAvUWjzcj~VIPLBLWwj6vL-9FhJsBiRpN8mLgEphkwllw4WNvgxO1KWgamwSiGBgVrvc4yzb1724dsdYYL-ln3I3PHxQsO4PLpSNyI7suCYw51vM6n6JssPflVERIrVkutlyQ0~8lpAb4Wv2UucERfnL-Qg~j-XhTGOczaa~Qg9ZPRAwj7f5Ix6btuRj2mszQ__&Key-Pair-Id=KUT5TJCACFTXG","County staff gave a comprehensive status update June 17 on Special Purpose Local Option Sales Tax programs (SPLOST 1 and SPLOST 2), outlining work under way on roads, bridges, parks and public-safety facilities.

Chris Kingsbury, the county’s SPLOST presenter, said SPLOST 1 has approximately $453 million in collections to date and that boards previously authorized about $400 million of expenditures. He noted the program is currently completing a series of contracts that include a $21 million resurfacing contract covering the first 300 miles of roads; that contract began this past November and will continue into November 2025.

Kingsbury highlighted several major projects: renovation of the Judicial Center parking deck (roughly $12 million, about $8 million spent so far), the Cedar Grove Road bridge replacement (a multi‑year project with complex utility relocations and a target to reopen next year), a carbon-fiber reinforcement at a small bridge near the former North DeKalb Mall/Lula Hills, and multiple park renovations including Midway Park concession and restroom upgrades and new turf at several athletic complexes.

On public-safety facilities, Kingsbury said Station 5 (Tucker) and Station 27 (eastern county) are moving into final permitting and are budgeted in the $8–10 million range each. He also reported planned renovations to three older stations built in the 1970s to address plumbing and living‑quarter issues (estimated $5–7 million for the set).

Sidewalks and trails: Kingsbury said SPLOST crews are advancing several sidewalk and trail projects, including a Glenwood sidewalks project (about three miles, roughly $5 million) and trail connections such as Medlock to Lula Hills and links near the Donzie (Oldcastle) landfill and South River. He said a mix of SPLOST, partner contributions (private) and state funding will be used on different trail and TOD projects.

Why it matters: SPLOST dollars finance visible local infrastructure — road safety, drainage, parks, pools and fire coverage — and commissioners used the update to press for timing and transparency on project prioritization. Several commissioners asked specifically about Pleasantdale Park design timing, Lucious Sanders Recreation Center construction and the pipeline for sidewalk gap projects.

Commissioner concerns and staff responses: Commissioners asked whether shifting CDBG (Community Development Block Grant) shortfalls would require additional SPLOST funds for projects such as Lucious Sanders Recreation Center. Staff said design is complete for that center and that SPLOST cover would be requested if CDBG funds were not available; any additional allocation would return for board approval. Staff also described ongoing right-of-way work, ADA and permitting steps required for several sidewalk projects.

What’s next: Staff said they will continue to post mapping and contract updates online, finalize right-of-way for major sidewalk projects this summer, and proceed with bids and construction where permitting is complete. Commissioners asked for continued updates and clarified process steps for projects exceeding $3 million to ensure proper committee review prior to full-board approvals.

","County staff told commissioners on June 17 that SPLOST 1 and SPLOST 2 remain on an active construction and planning schedule, citing a $21 million resurfacing contract, bridge repairs including Cedar Grove Road, park renovations, fire-station projects and sidewalk/trail work across the county.",{"_33":87,"_35":36,"_37":38,"_39":88,"_41":89,"_43":90,"_45":91,"_46":92,"_48":93,"_50":94,"_52":95,"_54":55,"_56":57,"_58":96,"_60":61,"_62":63,"_64":97,"_66":67,"_68":69,"_70":67,"_71":72,"_73":72},6546066,"Decide DeKalb reports jobs, new loan fund and a ‘creative district’ push focused on Southwest DeKalb",1574,544000,2118000,"/Search/View?dp=1&key=4785930-b432e2feef9516826304da1119fa3e6c&start=544&end=2118","https://assets.pipeline.soar.com/4785930-b432e2feef9516826304da1119fa3e6c/thumbnail_544000.jpg","/articles/6546066/DeKalb-County/Georgia/Decide-DeKalb-reports-jobs-new-loan-fund-and-a-creative-district-push-focused-on-Southwest-DeKalb","https://secure.pipeline.soar.com/6546066-9df338738aa60f79978038c261a41922/orig.mp4?Expires=1775122965&Signature=Nt8qDA3BuBJFJOJ8WL~EQnE2JdLkqGRCHXv0VH67UAlHr0aTpWmHDCwIeE2zMM7MRXb5KcZ9gHA55v0ePlI9l-EdKyoOOruS-VlJpRgwD9sfZtjd1wmTmjDa7aWPwVAYG0cIyfGQShaadtQQDEId3OxGDkA9YCNAf4m~wdiqOtjt-eat7OzAG9X0sZSae4Go6bdFmQsy4PqBTC~JjbPnHdhHOpFri4QgOEzmUnyX5yomq4en0Czb90bWZ7im7dOUnAtchgbmJyFLByH8FgPMPYq6ceWMQOzwfzcARVpMDJB1MwsQNAY3gUiRIfwQeOV~876sLXlpA921tYz61Oqw4A__&Key-Pair-Id=KUT5TJCACFTXG","Decide DeKalb, the county’s economic development arm, reported on June 17 that it has facilitated 828 new jobs and $15,400,000 in capital investment year-to-date and is expanding programs aimed at business retention, workforce development and equitable investment in South DeKalb.

The presentation, given by Dorian DeBar, highlighted a business retention and expansion (BRE) program with 44 BRE visits so far, a new small-business revolving loan fund now live at decidedekalb.com with an initial $2,500,000 pool, and a creative-district strategy focused on the Southwestern portion of DeKalb County. DeBar described the Made in DeKalb educator fellowship — a workforce initiative pairing teachers with manufacturers and logistics firms — as part of a broader effort to align K–12 and technical education with local hiring needs.

DeBar said the loan fund is a revolving model with underwriting and review committees and a technical-assistance component. He told commissioners the fund has received about 200 applications to date but that no loans have been dispersed yet. DeBar said the county will make a case to secure additional funding beyond the initial $2.5 million.

Why it matters: Commissioners pressed for specifics on how the county will steer economic gains toward underinvested areas. Commissioners repeatedly asked about eligibility, interest rates and prioritization for the loan fund; DeBar pledged to provide full program details to the board. He also framed the creative district as a “hyper-local” strategy intended to leverage Southwest DeKalb’s existing assets and the county’s Southwest Tax Allocation District (TAD) to drive jobs and entrepreneurship.

Supporting details: DeBar highlighted TriNet’s decision to locate a large corporate center in Dunwoody — an announcement that both state and local partners publicized — and explained the county’s role as part of a multi-party recruitment effort. He said TriNet represents “Atlanta’s largest office transaction to date in 2025” and that the project aligns with the county’s office and multifamily market trends.

DeBar said the county’s next countywide strategic economic development plan (led by KB Advisors) is underway and will include one-on-one meetings with each commissioner. He described partnerships with Georgia Piedmont Technical College, Georgia Tech and DeKalb County Schools on the Made in DeKalb educator fellowship (manufacturing, automation, distribution), and named several private firms that hosted site visits, including Sugar Bowl Bakery, Schneider Trucking and PepsiCo.

Commissioner questions and follow-ups: Commissioners asked whether the TriNet office could have located in Central or South DeKalb and were told the available large-scale office square footage was in Dunwoody. Commissioners also asked when TAD advisory committees for the county’s five TADs will be formed; DeBar said he expects them within about 60 days. He also said he would provide commissioners with the loan-fund underwriting criteria, proposed interest rates and an equity analysis of prioritization for applicants.

What’s next: Decide DeKalb will share the BRE annual report when complete, provide more detail on the loan fund’s interest rates and underwriting, and engage each commissioner during the countywide economic development plan process. DeBar said the Made in DeKalb educator fellowship will continue and that staff will return to committees with budget and program details as requested.

","Decide DeKalb told the County Board on June 17 it facilitated 828 jobs and $15.4 million in capital investment year-to-date, launched a $2.5 million small-business revolving loan fund and is developing a creative-district strategy focused on Southwest DeKalb.","actionData","errors"]

Article not found

Board clears financing bid for 4380 Memorial Drive; adds walk-on to acquire 999 Briarcliff Road

SPLOST update: road resurfacings, bridges, parks and fire stations moving forward

Decide DeKalb reports jobs, new loan fund and a ‘creative district’ push focused on Southwest DeKalb