Downtown Development Authority

DOWNTOWN DEVELOPMENT AUTHORITY MINUTES Monday, April 22, 2019 Council Assembly Room 6:30 PM 70 S. Clayton St, GA 30046 Call to Order Lee Merritt called the meeting to order at 6:31 PM and recognized a quorum with 5 members present. Approval of Agenda Motion to approve made by Board Member Malcolm, Seconded by Board Member Cox. Voting Yea: Board Member Cantrell, Board Member Still, Board Member Cox, Board Member Malcolm, Board Member Merritt Approval of Minutes Approval of Minutes March 25, 2019 Regular Meeting March 25, 2019 Executive Session Motion to approve made by Board Member Cox, Seconded by Board Member Cantrell. Voting Yea: Board Member Cantrell, Board Member Still, Board Member Cox, Board Member Malcolm, Board Member Merritt Downtown Development Business Treasury Report Motion to approve made by Board Member Cox, Seconded by Board Member Cantrell. Voting Yea: Board Member Cantrell, Board Member Still, Board Member Cox, Board Member Malcolm, Board Member Merritt Mainstreet Business Main Street Update Presentation was made. Executive Session - Real Estate Motion to move in to Executive Session was made by Board Member Cantrell, Seconded by Board Member Malcolm. Voting Yea: Board Member Cantrell, Board Member Still, Board Member Cox, Board Member Malcolm, Board Member Merritt Motion to adjourn Executive Session was made by Board Member Malcolm, Seconded by Board Member Cox. Voting Yea: Board Member Cantrell, Board Member Still, Board Member Cox, Board Member Malcolm, Board Member Merritt Report from Executive Session: 13 Real Estate 3 votes were taken In the public meeting the following items need to be voted on: Motion to approve the ground lease for the hotel parking lot project made by Board Member Cox, Seconded by Board Member Malcolm. Voting Yea: Board Member Cantrell, Board Member Still, Board Member Cox, Board Member Malcolm, Board Member Merritt Motion to approve the Intergovernmental Agreement with the City to allow for deposit of funds into an escrow account made by Board Member Malcolm, Seconded by Board Member Cox. Voting Yea: Board Member Cantrell, Board Member Still, Board Member Cox, Board Member Malcolm, Board Member Merritt Motion to approve the contract on 543 Crogan Street to reduce the purchase price by the amount necessary to clean up the property and allow Lee Merritt to walk away from the sale if the current owner refuses made by Board Member Cox, Seconded by Board Member Malcolm. Voting Yea: Board Member Cantrell, Board Member Still, Board Member Cox, Board Member Malcolm, Board Member Merritt Motion to approve the contract for 37 Atha Street to allow for $1,875.00 in survey costs, and $1,800.00 on Phase I due diligence but no more than $2,000.00 made by Board Member Still, Seconded by Board Member Cox. Voting Yea: Board Member Cantrell, Board Member Still, Board Member Cox, Board Member Malcolm, Board Member Merritt Final Adjournment Motion to adjourn made by Board Member Cantrell, Seconded by Board Member Cox. Voting Yea: Board Member Cantrell, Board Member Still, Board Member Cox, Board Member Malcolm, Board Member Merritt