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Chamblee DDA tables New Peachtree Road proposal, holds executive session on real estate
Summary
At its meeting the Chamblee Downtown Development Authority tabled a proposed project for 50466 New Peachtree Road, discussed chair's reports on pending purchase-and-sale agreements with Greystar Vantage and Larry Pierce, reviewed routine maintenance items, and voted unanimously to enter and exit an executive session on a real estate transaction.
The Chamblee Downtown Development Authority at its meeting tabled consideration of a proposal for 50466 New Peachtree Road and entered an executive session to discuss a real estate transaction, with both motions passing unanimously.
Chair's report: the chair said the DDA is working on purchase-and-sale agreements (PSAs) related to the sale of DDA-owned properties and a separate PSA involving Larry Pierce's property; the chair said portions of those PSAs touching on abatements will be reviewed by Dan, which could add time to finalization. The chair said the objective is to finalize both PSAs as quickly as possible to move forward with the transactions.
Finance: a board member identified a transfer of funds from the operating account to the debt service account and said that, with the transfer, the debt service deposit account should have enough to cover a balloon payment due Dec. 1. The board member said as administrative payments come in they will add to the account. When asked whether all 2024 administrative payments had been collected, staff said they would double-check.
Maintenance and small projects: staff reported that the fence at the Vintage Pizza property will be replaced starting the coming week and noted the replacement material will not match the existing fence but that the older fence will likely need updating soon. Staff also reported that additional bollards had been installed at the city center property and that the total cost for that work was about $383, below the $500 threshold previously set by the DDA.
Land-use item: the applicant for 50466 New Peachtree Road (the Manna Pro site) informed the board they would reconsider the site configuration and resubmit; the chair said that item was being tabled for the night.
Executive session and other motions: a motion to enter executive session to discuss a real estate transaction was made and seconded; the transcript records, "Motion passes unanimously." Later the board moved to exit executive session; the exit motion also passed unanimously. The transcript also records a motion to adjourn that passed unanimously. A motion to approve the Downtown Development Authority regular meeting minutes for Jan. 28, 2025 was made and seconded earlier in the meeting; the transcript does not include an explicit record of the vote on the minutes.
No ordinances, resolutions or budget adoptions were finalized in the public record during the meeting; the board directed staff to follow up on several items and return to the board.
