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Council approves $650,000 intergovernmental agreement with Stonecrest Development Authority
Summary
After executive session the council approved a resolution authorizing an intergovernmental agreement with the Stonecrest Development Authority for $650,000; council voted 4‑1 to adopt the resolution.
Stonecrest — Following a closed executive session, the City Council adopted a resolution approving an intergovernmental agreement (IGA) between the City of Stonecrest and the Stonecrest Development Authority for $650,000.
City legal read a short resolution into the record and the council voted to approve the IGA. Staff described the item as a real‑estate transactional and economic development action; the council approved the resolution 4‑1. The staff memo and the resolution recorded in the meeting packet detail the dollar amount and authority to execute the agreement. Council members did not discuss the agreement’s project specifics in open session following legal guidance; staff and legal said additional implementation steps would follow the executed agreement and appropriate public reporting would be made when details could be disclosed in open session.
The resolution authorizes the mayor and city staff to enter into the stated IGA and to proceed with required implementation steps under the agreement.
