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Holly Springs DDA approves lot‑sale amendment, signs off on revised Town Center concept plan
Summary
At its meeting, the Downtown Development Authority of Holly Springs City approved an amendment to a lot sale agreement with Stonecrest Homes that adds a closing deadline and limited extension rights, and unanimously approved a revised Town Center concept plan that shifts apartments to the rear and a brewery to the front. Both measures passed 5–0.
Speaker 1, a member of the Downtown Development Authority of Holly Springs City, summarized and the DDA approved a first amendment to the agreement for sale and purchase of lots between Stonecrest Homes, Georgia LLC and the Authority of Holly Springs. The amendment adds lots behind the Hartman House, sets a firm closing deadline of 06/27/2028, and allows the purchaser up to two 6‑month closing extensions, each for a $100 fee. Speaker 1 said the agreement provides $50,000 upfront and the balance of the '18%' at the time of a third‑party closing.
Why it matters: The amendment creates a firm timeline for lot closings and adds small extension fees, giving the authority greater certainty about when parcels will change hands and signaling progress on the larger downtown redevelopment effort.
Details of the amendment: As read into the record by Speaker 1, the amendment replaces the conveyance language to state, 'Purchaser shall purchase all lots on or before 06/27/2028; provided, however, purchaser shall have the right to extend such time…
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