Decatur Development Authority requests city assistance with property purchase
Want to shop local? Check out our business directory! Click here to see what our advertisers have to offer.
Update: This item was approved during Monday’s meeting. Here is our earlier story …
The city of Decatur, via its Development Authority, purchased a piece of property at 252 South Columbia Drive and closed on the property in January.
The 1.2 acre site is at the corner of Talley Street and South Columbia Drive.
The price was $1.9 million. Now the Decatur Development Authority is asking City Commissioners to help it make the monthly payments on the property.
City Commissioners will consider an intergovernmental agreement with the DDA at their April 1 meeting, which begins at 7:30 p.m. It will be held at City Hall, located 509 North McDonough Street. All meetings are open to the public.
A memo from Assistant City Manager Lyn Menne to City Manager Andrea Arnold says, “The DDA is requesting that the city of Decatur provide up to $11,284.85 per month to cover the note payments until a decision is made to sell the property or find another long-term use for it. If the property is sold, the proceeds would be used to satisfy the note and reimburse the city of Decatur for all payments made on behalf of the DDA.”
Previously, Menne said the DDA bought the property to have some control over how it will be used in the future. The seller was Redhead Properties LLC and the site was previously the home of Interstate Battery Company. Menne said the property needed some minor environmental cleanup and the seller agreed to help cover the costs.
“This purchase was made in order to manage how this entryway into the East Decatur district is used and allow for the possible use of a portion of the property for green space,” Menne said in February. “No final plans for the property have been made at this time.”
To see the full agenda for Monday’s City Commission meeting, click here.