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Council approves amendment to Section 108 loan for Roswell Road sidewalks project
Summary
The City Council approved an amendment to the HUD Section 108 loan agreement that extends deadlines for withdrawing loan proceeds and for temporary investment maturity to address construction delays on the Roswell Road sidewalk project.
The Sandy Springs City Council on March 4 approved the first amendment to the city's Section 108 loan agreement with the U.S. Department of Housing and Urban Development for the Roswell Road multi-year sidewalk project.
Michelle McIntosh Ross, planning and zoning manager, said the amendment revises Part 2, Section 1(a) of the original agreement to allow additional time to withdraw and disburse loan proceeds and to limit the maturity date for…
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