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Alpharetta authority retains Troutman Pepper Lock as special counsel; votes to terminate Garin project bond deal
Summary
The Development Authority of Alpharetta voted unanimously to retain Troutman Pepper Lock as special counsel to allow the authority to call on the same firm the city uses when conflicts or special expertise arise, and separately approved a resolution terminating the Garin LLC taxable revenue bond and lease transaction after the developer said it could not advance the project.
The Development Authority of Alpharetta on Thursday unanimously approved two actions: retaining Troutman Pepper Lock as special counsel and authorizing documents to terminate the Garin LLC taxable revenue bonds and related lease transaction.
Charlie, speaking for authority staff, told the board the city already engages Troutman Pepper Lock in matters where the city attorney has a conflict or where specialized expertise is needed and recommended the authority have the same preauthorized engagement so counsel can be retained quickly if circumstances overlap. Betsy Hicks, an associate at Troutman Pepper Lock, was introduced to the board as the firm’s representative. A motion to retain the firm and authorize the…
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