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Colony Bank and property owners pitch Albany Westover CID to commission
Summary
Colony Bank CEO Heath Fountain and consultants outlined a proposed Albany Westover Community Improvement District (CID) backed by 82 consenting property owners; the group said CIDs are authorized by HB 160 and could leverage state and GDOT funds for infrastructure if the commission approves a CID resolution.
Heath Fountain, CEO of Colony Bank, and his advisers presented the proposed Albany Westover Community Improvement District to the City Commission on July 1, saying the organizing group has secured consent from 82 property owners and raised $75,000 to study the district’s viability.
Fountain outlined how a CID works under Georgia law, referencing the state constitutional amendment and House Bill 160 (passed by the legislature and signed…
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