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Authority acknowledges internal transfer of taxable revenue bond for City Center office project
Summary
The Development Authority of Alpharetta voted to acknowledge an internal corporate transfer of a taxable revenue bond tied to the City Center office project (2017 C), with counsel confirming the existing bond documents and lease permit the transfer and that the abatement schedule remains unchanged.
The Development Authority of Alpharetta voted unanimously to acknowledge notice of an internal transfer of a taxable revenue bond for the City Center office project (2017 C). The action was presented to the authority as a housekeeping step to record a corporate restructuring and notify the bondholder and relevant parties.
Melissa Tracy, staff presenting the item, said the…
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