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Chamblee DDA approves up to $6,000 for appraisals of Pierce properties to secure purchase loan
Summary
The DDA authorized the chair to contract for appraisals, not to exceed $6,000, on three properties — two owned by the Pierce family and one DDA-owned parcel fronting Peachtree Road — to be pledged as collateral for a loan to purchase the Pierce properties.
The Chamblee Downtown Development Authority on Oct. 15 authorized its chair to contract for appraisals of three properties related to the planned purchase of two properties owned by the Pierce family, in an amount not to exceed $6,000.
The board added the appraisal item to the agenda earlier in the meeting and later approved the appraisal authorization unanimously. The appraisals are…
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