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Chamblee DDA authorizes chair to negotiate Fraser tax-incentive memorandum of understanding
Summary
The Chamblee Downtown Development Authority on Oct. 15 authorized its chair to negotiate a memorandum of understanding with Windsor Stevens for tax-incentive terms for the Fraser at Old Town Gordon project; final execution will require separate board approval.
The Chamblee Downtown Development Authority on Oct. 15 authorized its chair, in consultation with DDA counsel, to negotiate a memorandum of understanding with Windsor Stevens on tax-incentive terms for the Fraser at Old Town Gordon project.
The vote authorizes only negotiation and drafting of an MOU; the motion as approved requires additional board approval before any MOU may be executed. The motion passed unanimously.
Board member Mr. Chick moved the motion and read the authorization into the record: “The board hereby authorizes the chair of the DDA in consultation with the counsel for the DDA on behalf of the DDA to…
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