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Hogansville council authorizes escrow checking account for developer DreamFinders
Summary
The council unanimously authorized a new escrow checking account to be funded by builder DreamFinders to handle tap fees, permits and other development-related charges; the account's signatories were specified in the motion.
The City of Hogansville City Council voted 5-0 on Aug. 18 to authorize the city to open a new checking account to hold escrow funds for the developer DreamFinders, which is building Jones Crossing and Moss Creek Townhomes. Council Member Michael Taylor moved to approve the new escrow account; Council Member Mandy Neese seconded the motion and it carried unanimously.
According to the meeting record, DreamFinders requested the escrow account to streamline payment of tap fees, building permits and other development fees. The council approved the account with the same signers as the city's other checking accounts. The meeting minutes list the authorized signatories as: City Manager Lisa Kelly; Assistant City Manager Oasis Nichols; City Clerk LeAnn Lehigh; Police Chief Jeffrey Sheppard; Mayor Jake Ayers; and Council Member Mandy Neese.
No bank name, account number, or timeline for deposit was recorded in the public minutes; those contracting details are to be handled by city staff through standard administrative processes.
