Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
DDA adopts Manor Chamblee refinancing resolution
Summary
The Chamblee DDA unanimously adopted a resolution to approve refinancing for Manor Chamblee; the chair referenced an original 2021 amount of $107,000,000 and stated the refinancing amount as "$100 and or 89,000,000" during the meeting.
The Chamblee Downtown Development Authority on July 28 voted to adopt a resolution approving Manor Chamblee, LLC’s refinancing request. Chair presented the item, noting legal counsel had reviewed the resolution language and recommended it was acceptable.
In presenting the matter, Chair said, “The original amount in 2021 was a 107,000,000, and they're refinancing a 100 and or 89,000,000.” Members moved to adopt the resolution, the motion was seconded and the board passed the resolution unanimously. The transcript records the refinancing figures imprecisely; the board did not record additional detail about final loan terms at the meeting and directed no further public actions during this session.
