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Public Facilities Authority approves MOU to fund 111 city parking spaces in Hillcrest mixed‑use project
Summary
The Sandy Springs Public Facilities Authority approved a nonbinding memorandum of understanding with Trammell Crow’s buyer to fund 111 parking spaces in the Hillcrest mixed‑use development, using a 10‑year tax abatement to recover costs and $900,000 for nearby infrastructure improvements.
The Public Facilities Authority on Tuesday approved a resolution to execute a memorandum of understanding that would let the city buy 111 parking spaces in the Hillcrest mixed‑use development being built on the former Hitson Center site.
The MOU—presented by Chris Burnett, Director of Economic Development—would have the city pay for 111 parking spaces inside a developer‑built garage and recover those costs through a 10‑year tax abatement tied to the project. The PFA voted to approve the nonbinding MOU and to authorize staff to continue negotiating documents necessary to finalize the agreement.
Burnett told the board the property is an 8.1‑acre tract on the southwest corner of Sandy Springs Circle and Mount Vernon currently owned by Sandy Springs Methodist…
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