Impact
WARD: Ward 3
COMMITTEE:
$ IMPACT:
Title
Authorize the City to sell a remnant portion of property owned by the City located at 2975 and 2925 Atlanta Road to Halpern Enterprises for the appraised value, and authorize the Mayor to execute all documents necessary for the transaction.
Body
ISSUE:
BACKGROUND: This is one of the final steps towards the redevelopment of the Jonquil site at the intersection of Atlanta and Spring Roads. This property was recently rezoned to a mixed use development which will include a Publix Market. In an effort to meet the commitments to Publix, full scale development of the site will begin soon. The City owns two remnant parcels at this site that will be included in the development. Simultaneously, the City is constructing Glendale Boulevard in an area off of South Cobb Drive near Windy Hill Road. The value of the property to be sold has been determined by appraisals completed by state certified MAI appraisers.
RECOMMENDATION/REQUESTED ACTION: