CITY COUNCIL SPECIAL MEETING

205 Lawrence Street City of Marietta Post Office Box 609 Marietta, Georgia 30061 Meeting Agenda CITY COUNCIL SPECIAL MEETING R. Steve Tumlin, Mayor Annette Paige Lewis, Ward 1 Griffin " Grif"L. Chalfant, Jr., Ward 2 Johnny Sinclair, Ward 3 G. A. (Andy) Morris, Ward 4 Rev. Anthony C. Coleman, Ward 5 James W. King, Ward 6 Philip M. Goldstein, Ward 7 Thursday, November 21, 2013 5:15 PM Council Chamber CALL TO ORDER: BUSINESS: 20131377 Marietta Housing Authority Management Agreement Motion to approve amendment to Property Management Agreement between the City of Marietta and the Housing Authority of the City of Marietta amending Article X (Compensation) adding that the fee per month shall be $4,000.00 per month “per assigned project.” Mayor Tumlin disclosed that Smith, Tumlin, McCurley, and Patrick law firm of which Mayor Tumlin is affiliated provides legal services in the real Estate area for Marietta Housing Authority. City of Marietta Page 1 Printed on 2/25/2014 1:23:14PM CITY COUNCIL SPECIAL MEETING Meeting Agenda November 21, 2013 20131380 Forbearance Agreement Motion to approve Forbearance Agreement among the Marietta Redevelopment Corporation, the Bank of North Georgia and the City of Marietta including the authorization for the Mayor and City Clerk to execute same. The document shall provide that the City of Marietta has no direct liability to Bank of North Georgia. Philip Goldstein owns stock jointly in Synovis. Philip Goldstein placed an order on 11-20-2013 to sell the stock he individually owned on 11-21-2013. Said company is the parent of Bank of North Ga. If the stock in Synovis owned jointly was sold, the amount attributable to Philip Goldstein from his ownership portion would continue to be under the State reporting requirement based on the stock price when checked on 11-21-2013. As I has reduced the value of what is owned, I am providing this for disclosure purposes even though it is not required and I am not prohibited from participating in the mater. Haynie, Litchfield, Crane & White, PC, from time to time, but not in this matter, has performed real estate closings for or with client for Bank of North Georgia. Mayor Tumlin is a Board member of the MRC and is a member of the governing body that appoints the Board Members of the MRC. The Law Firm, Smith, Tumlin, McCurley & Patrick, PC, of which Tumlin is a non-owner associate, from time to time, but not in this matter, has performed real estate closings for or with client for Bank of North Georgia. City of Marietta Page 2 Printed on 2/25/2014 1:23:14PM CITY COUNCIL SPECIAL MEETING Meeting Agenda November 21, 2013 20131381 Marietta Redevelopment Corporation (MRC) Loan Motion to approve loan from the City of Marietta to the Marietta Redevelopment Corporation consistent with the Forbearance Agreement and consistent with the terms detailed in the Memorandum of Understanding between the Bank of North Georgia, City of Marietta and Marietta Redevelopment Corporation. Further, to authorize the Mayor and City Clerk to sign attached Memorandum of Understanding with the incorporated terms detailed in the commitment letter. The document shall provide that the city of Marietta has no direct liability to Bank of North Georgia. Philip Goldstein owns stock jointly in Synovis. Philip Goldstein placed an order on 11-20-2013 to sell the stock he individually owned on 11-21-2013. Said company is the parent of Bank of North Ga. If the stock in Synovis owned jointly was sold, the amount attributable to Philip Goldstein from his ownership portion would continue to be under the State reporting requirement based on the stock price when checked on 11-21-2013. As I have reduced the value of what is owned, I am providing this for disclosure purposes even though it is not required and I am not prohibited from participating in the mater. Haynie, Litchfield, Crane & White, PC, from time to time, but not in this matter, has performed real estate closings for or with client for Bank of North Georgia. Mayor Tumlin is a Board member of the MRC and is a member of the governing body that appoints the Board Members of the MRC. The Law Firm, Smith, Tumlin, McCurley & Patrick, PC, of which Tumlin is a non-owner associate, from time to time, but not in this matter, has performed real estate closings for or with client for Bank of North Georgia. 20131359 Executive Session Executive Session to discuss personnel, legal and/or real estate matters. 20131382 Property Acquisition - Flagstone Village Apartments Motion to approve Agreement of Purchase and Sale and Escrow Instruction between Tritex Real Estate Advisors, Inc. as Seller and the City of Marietta as Buyer for the Purchase price of $12M for the property known as Flagstone Village Apartments 849 Franklin Road, Marietta Georgia, with a closing anticipated on or before December 19, 2013. This motion includes the authorization for the Mayor and City Clerk to sign all documents in order to complete the closing as well as authorization for the City Attorney to complete the closing. City of Marietta Page 3 Printed on 2/25/2014 1:23:14PM CITY COUNCIL SPECIAL MEETING Meeting Agenda November 21, 2013 ADJOURNMENT: City of Marietta Page 4 Printed on 2/25/2014 1:23:14PM