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Cedartown commission approves TAD bond, waives up to $111,550 in fees for Corners of Cedartown project
Summary
The Cedartown City Commission on June 8 approved RESOLUTION 9, 2026, authorizing bonds for the Corners of Cedartown Tax Allocation District #1 and a limited fee waiver not to exceed $111,550, with conditions including construction of sidewalks within five years and exclusion of water/sewer equipment from the waiver.
The Cedartown City Commission voted June 8 to authorize bonds for the Corners of Cedartown Tax Allocation District (TAD) #1 and to grant a conditional fee waiver related to the development agreement.
Commissioner Dale Tuck moved to approve the bond resolution and Commissioner Matt Foster seconded. The commission approved RESOLUTION 9, 2026, and a related waiver of specified fees up to a combined maximum of $111,550. The waiver is limited to certain development fees and expressly excludes water and sewer equipment (meters, valves, transmitters and similar devices) and does not cover fees for outparcels. The city recorded an expectation that sidewalks would be constructed within five years as part of the agreement.
The development agreement was presented as an exhibit to the bond resolution and will operate alongside the indenture of trust for the TAD bonds. No vote tallies beyond the unanimous “Aye” vote were recorded in the transcript.
City Attorney Carey Pilgrim and City Manager Edward Guzman were present during the discussion; the transcript indicates the development agreement and bond documents were provided as materials accompanying the resolution. The record does not specify bond amounts, interest rates, or the detailed schedule of how the waived fees will be applied; those details are contained in the development agreement exhibit and bond documents, which were referenced but not read into the public record at the meeting.
Next steps: with the commission’s approval, staff will proceed with the bond and development agreement implementation steps outlined in the resolution and related exhibits. The transcript does not show additional public comment or a recorded separate roll-call tally for the bond vote.
