Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Chamblee DDA debates waiving environmental indemnity in city-center MOU as bond deadline approaches
Summary
At its Jan. 27 meeting the Chamblee Dowtown Development Authority discussed whether to accept a developer's request to limit indemnity for environmental problems predating sale; counsel urged caution, board members split on risk, and the DDA agreed to seek further guidance and consider a short extension to the Feb. 28 bond-validation deadline.
The Chamblee Downtown Development Authority spent the bulk of its Jan. 27 meeting debating whether to accept language in the city-center memorandum of understanding that would limit the developer's environmental indemnity to matters arising after the sale.
Dan, the DDA's legal counsel, told the board the transaction involves a hierarchy of documents'the purchase-and-sale agreement, the MOU and bond documents'and that the lease will largely govern how the deal proceeds. He warned the board that the key outstanding issue is environmental indemnity and that the proposed language would restrict indemnity to events after the DDA sold the property: "They wanted indemnities [to]…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
