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Peachtree Corners council approves two‑parcel acquisition for Forum roundabout after appraisal update
Summary
Council approved a resolution to acquire two parcels near The Forum for a roundabout, increasing the authorized purchase price to $372,300 after a second parcel was added; staff said the amount reflects minimum appraised value required by state law.
Peachtree Corners council on a voice vote approved a resolution authorizing acquisition of two parcels needed to build a roundabout at the Peachtree Corner Circle access to The Forum.
City staff said the updated resolution reflects appraisal‑driven valuations after a second adjacent parcel owned by North American Properties was added. City Attorney (identified in meeting records as Speaker 4) told the council the offer must be no less than the certified appraisal: “the appraisal is based on market valuations, comp sales, and then also impact.…
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