Dev. authority OKs option on Adairsville land
by Jason Lowrey
Aug 21, 2013 | 1680 views | 0 0 comments | 19 19 recommendations | email to a friend | print
In its first meeting since December 2012, the Development Authority of Bartow County approved an option and assignment of option on 117 acres of land inside Adairsville city limits on Ga. Highway 140.

“We earlier this year were asked to take an option on behalf of the Bartow Development Authority in connection to a piece of property being looked at by an economic development project,” said authority attorney Boyd Pettit.

With its approval, the authority has a 60-day option on the land with no money put up. The project relates to an industry interested in locating to Bartow County, but no additional details were available.

Authority members also approved a bond resolution allowing Georgia Power to refinance $71,735,000 of bonds relating to Plant Bowen. The bonds, which date back to 1996 and 1998, relate to the company’s pollution control renovations at the plant.

A second bond-related action was in reference to the LakePoint Sporting Community & Town Center. The development authority amended the memorandum of understanding with LakePoint to delay the company’s bond abatement.

Pettit said Commissioner Steve Taylor had already approved it on the county level, leaving the Development Authority of Bartow County and Emerson to give their approvals. The amended MOU will delay the abatement period by one year from 2027 to 2028.

Other authority business included:

• Approving the minutes of the Dec. 27, 2012, meeting.

• Hearing an update on accounts relating to the Ga. Highway 293 relocation.

• Receiving a thank-you letter from Tellus Science Museum for the authority’s donation of $25,000 to help the museum acquire matching funds for expansion.

• Hearing an update on the rejected Mini America grant.

• Approving up to $8,000 of financing to support JDA marketing.

• Reimbursing JDA chairman expenses during the SEUS-Japan Conference in the sum of $5,171.33.

• Reimbursing the JDA for an iPad in the sum of $653.92.

• Approving a Form 8038 for Georgia Power in relation to bonds.