Lilburn — Downtown Development Authority Special-Called Meeting, February 12, 2025
These are the official minutes of the Lilburn Downtown Development Authority special-called meeting held on February 12, 2024. The Authority approved Resolution No. 2025-03 to amend a development agreement and finalize pricing terms for revenue bonds, with RangeWater agreeing to cover an additional $480,000 in interest costs due to a delayed closing. Additionally, the Board approved Contract No. 7-2025 for a purchase option at 100 Main Street and voted to participate in the upcoming America Recycles Day event.
Topics
- contracts
- finance
- sustainability
- procedural
Actions
Approval of Agenda
approved · Vote: 5-0 · Motion: Tom Mills · Second: Mark DeArmon
A motion to approve the agenda with the addition of a third item, approval for the DDA to participate in the upcoming America Recycles Day by providing volunteers for paint recycling, was made by Tom Mills, seconded by Mark DeArmon. Motion passed 5-0.
Approval of DDA Meeting Minutes from January 15, 2025
approved · Vote: 5-0 · Motion: Scott Mecredy · Second: Tom Mills
Scott Mecredy made a motion to approve the minutes, seconded by Tom Mills. Motion passed 5-0.
Resolution No. 2025-03 — Approval of Resolution No. 2025-03 (Fourth Amendment to Development Agreement and Revenue Bond Pricing Terms)
approved · Vote: 5-0 · Motion: Scott Mecredy · Second: Mark DeArmon
Scott Mecredy made a motion to approve Resolution No. 2025-03, seconded by Mark DeArmon. Motion passed 5-0.
Contract No. 7-2025 — Approval of Contract No. 7-2025 (Purchase Option for 100 Main Street)
approved · Vote: 5-0 · Motion: Scott Mecredy · Second: Amy Valdez-Barker
Scott Mecredy made a motion to approve Contract No. 7- 2025, seconded by Amy Valdez-Barker. Motion passed 5-0.
Approval of DDA Board participation in America Recycles Day
approved · Vote: 5-0 · Motion: Tom Mills · Second: Mark DeArmon
Tom Mills made a motion to approve DDA Board participation in America Recycles Day, seconded by Mark DeArmon. Motion passed 5-0.
Sources
Everything above is extracted from the city's own published record:
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