Lilburn council discusses 90-day purchase option for Main Street property, plans to seek TAD help

Lilburn councilmembers discussed a 90-day purchase option on a Main Street property that begins July 2 and agreed to consider pursuing both that property and a nearby assemblage, with a plan to seek funding through the city’s Tax Allocation District (TAD).

Councilmembers raised the purchase option during a special-called work session July 1. The council did not take a formal vote at the meeting but directed staff to present options at the next work session, including pursuing both properties and contacting the TAD about potential funding.

Mayor Johnny Crist and councilmembers discussed whether limited city funds should focus on the assemblage or the Main Street parcel. The transcript notes the Assemblage “enters a 90-day purchase option starting July 2nd,” and that staff will present the possibility of pursuing both properties at the next work session. The council’s discussion did not record a motion or vote to authorize spending or to execute any purchase documents at this meeting.

The item is time-sensitive because of the July 2 start date for the option; councilmembers asked staff to return with options and potential funding strategies. The transcript identifies TAD as a potential funding source but does not specify amounts, terms, or whether TAD approval would be required. The council did not request or deliver final direction to exercise the option at this meeting.

No additional details on purchase price, seller identity, or the assemblage boundaries were provided in the transcript.

The council will revisit the matter at its next work session, where staff are expected to present funding scenarios and any recommended next steps.