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Chamblee DDA approves fifth amendment to Greystar purchase-and-sale agreement
Summary
The Chamblee Downtown Development Authority unanimously approved a Fifth Amendment to its purchase-and-sale agreement with Greystar Development East LLC on Feb. 24, extending the bond-approval period and resolving environmental concerns; the board signaled a possible special meeting to finish bond language.
The Chamblee Downtown Development Authority unanimously approved a Fifth Amendment to its purchase-and-sale agreement with Greystar Development East LLC at its Feb. 24 meeting, the board chair said.
The amendment primarily aligns bond and lease language and addresses environmental concerns that had been raised during negotiations, the chair said. "They took care of just about everything, including the environmental concerns we had," the chair said. A committee member moved approval and the board voted unanimously.
Why it matters: the amendment clears key contractual language needed for the development to proceed toward…
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