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Developers ask Troup County to extend TAD No. 6 by five years
Summary
Developers and county staff requested a five-year extension for Tax Allocation District (TAD) No. 6 covering the Selick (311 acres) and Jeff Foxworthy (65 acres) tracts, saying Corps permitting and changed developer plans forced a restart of due diligence.
Kent Walker of Sealac Enterprises asked the board to extend the deadline for TAD No. 6 by five years so the developer can finish required due diligence and permitting. The tracts at issue include the 311-acre Selick parcel and a 65-acre tract referred to in the packet as the Jeff Foxworthy tract; Walker said years of permitting work (a DRI and a Corps of Engineers individual permit) took about 18 months and a previous developer contract fell through near the finish line.
Walker said the developer intends to build the project themselves and that extension approval would allow them to resume permitting and site work. “Once the TAD extension is approved, we are ready to go,” Walker said. Commissioners asked for clarification about the certainty of the five-year timeline and were told there are no absolute guarantees but the presenters expressed confidence given prior progress. County staff indicated the matter will appear on the evening business agenda for formal consideration and suggested the board ask follow-up questions of staff and the city where parts of the property are located before final action.
