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Commission approves ground lease IGA with Buford City School District for Phillip Beard Stadium
Summary
The commission approved an intergovernmental agreement establishing a ground lease with the Buford City School District for Phillip Beard Stadium, and separately authorized multiple payments tied to the stadium project.
The Buford City Commission approved an Intergovernmental Agreement (IGA) for a ground lease by and between the City of Buford and the Buford City School District covering Phillip Beard Stadium and premises. The motion passed unanimously (Ayes 3, Nays 0).
At the same meeting the commission authorized multiple project-related payments for the Buford City Stadium project, including a payment of $4,022,376.00 to Charles Black Construction Co., Inc., a $619,642.00 payment to Digital Scoreboards, LLC, and a $78,265.63 payment to dB Integrations for audio/visual installation. The Commission also approved an invoice of $46,356.80 to Breaux & Associates related to the stadium project. One motion to release pledged funds at Peoples Bank & Trust passed with Chairman Beard abstaining (Ayes 2, Abstain 1).
