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Newman City Council forgives $150,000 NURA loan after 100 East Washington sale
Summary
After a reported $125,000 sale of 100 East Washington, the Newman City Council voted to forgive a $150,000 outstanding loan owed by the Newnan Urban Redevelopment Authority (NURA) to allow the authority to continue its programs. The council directed staff to prepare an amendment to the intergovernmental agreement documenting the forgiveness.
The Newman City Council voted Oct. 28 to forgive $150,000 in outstanding loan obligations owed by the Newnan Urban Redevelopment Authority following the Sept. 30 closing on 100 East Washington.
The action followed a NURA update from a board representative, who said the property sold for $125,000 after…
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