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CHECK 1, 2, 3. ALL RIGHT. I THINK EVERYBODY WHO'S GOING TO BE HERE IS HERE.

[1. Call to Order]

[00:00:08]

JUST A QUICK ROLL CALL. MIKE ESCOBAR? JONATHAN SMITH? SETH WATSON? BRIAN RAY? JENA DUNHAM? DUNHAM. DUNHAM.

NOT HERE. AND. COUNCILMAN MESA IS NOT HERE. ALL RIGHT, LET'S DO THE PLEDGE OF ALLEGIANCE.

I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS.

ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.

ALRIGHT, THIS IS A CHAMBLEE DOWNTOWN DEVELOPMENT AUTHORITY MEETING FOR SEPTEMBER 22ND, 2026.

I JUST WANT TO REMIND EVERYBODY, IF YOU SPEAK TONIGHT, TRY TO MAKE SURE YOUR MIC IS OPEN AND THAT YOU SPEAK CLEARLY INTO THE MIC EVEN THOUGH IT SOUNDS LOUD IN HERE. I SAW SOME FEEDBACK ON OUR LAST MEETING THAT THEY WERE HAVING TROUBLE HEARING US, SO. AND WE WANT EVERYBODY AT HOME TO BE ABLE TO HEAR WHAT WE'RE TALKING ABOUT.

THAT'S WHY WE HAVE OPEN MEETINGS. DID EVERYBODY HAVE A CHANCE TO LOOK AT THE MEETING MINUTES FROM LAST MONTH?

[2. Approval of Minutes]

ANY DISCUSSION? ANY QUESTIONS? CAN I GET A MOTION TO ACCEPT THE MEETING MINUTES.

MOTION TO ACCEPT THE MEETING MINUTES OF THE DOWNTOWN AUTHORITY REGULAR MEETING OF AUGUST 25TH, 2026. AND A SECOND. SECOND. ALL THOSE IN FAVOR? AND THAT IS UNANIMOUS. ALRIGHT, CHAIR'S REPORT.

[3. Chair's Report]

I ACTUALLY HAVE A COUPLE OF THINGS I WANT TO SHARE WITH YOU GUYS. I'VE BEEN IN DISCUSSION WITH A COMPANY CALLED BALSAM GREEN.

THEY'RE A NATIONAL DEVELOPER OF WORKFORCE AND SENIOR HOUSING, AND THEY ARE INTERESTED IN THE MANNA PRO SITE.

STEIN IS GOING TO BE MOVING ON FROM THAT. I THINK THEY'RE GOING TO BE SELLING THAT SITE TO BALSAM GREEN.

AND I MET WITH A GUY NAMED MATT HODGES. WE HAD JUST AN INITIAL MEETING ON WHAT THEIR PLANS ARE FOR OVER THERE.

THEY ARE LOOKING AT BUILDING POSSIBLY A FOUR-STORY BUILDING, 174 UNITS, 233 PARKING SPACES. THERE'S NOT GOING TO BE ANY RETAIL.

THERE'S GOING TO BE POSSIBLY 5,000FT² OF AMENITY SPACE, BUT THAT MIGHT BE LIKE A GYM IN A MEETING SPACE AND YOU KNOW, THINGS LIKE THAT. BUT WHAT'S INTERESTING ABOUT IT IS IT'S GOING TO BE 100% WORKFORCE HOUSING.

SO, RIGHT NOW THEY'RE CURRENTLY WORKING WITH THE DEKALB HOUSING AUTHORITY AND WORKING WITH THEM FOR FINANCING AND FOR ANY KIND OF BOND WORK.

AND I'M KIND OF NEW WITH THE AFFORDABLE HOUSING.

SO I'VE BEEN TRYING TO LEARN A LITTLE BIT ABOUT IT. I REACHED OUT TO BLAKE DODD, WHO'S A SPECIAL PROJECTS MANAGER HERE FOR THE CITY, AND HE'S KIND OF THE SME ON THAT. SO WE CHATTED A LITTLE BIT ABOUT IT.

AND THEN MATT HODGES, WHO IS THE WHO I HAD LUNCH WITH IN A COUPLE COUNCILMAN, HAVE SINCE HAD A MEETING WITH HIM TO JUST KIND OF DISCUSS WHAT HIS PLAN IS. AND THEY'VE ALREADY WE'VE ALL KIND OF THROWN IN SOME IDEAS ABOUT THE INITIAL PLAN AND SOME CONCERNS AND WHAT THEY SHOULD ADD OR WHAT THEY SHOULD TAKE AWAY, BUT IT'S IT SOUNDS PRETTY PROMISING.

THEY'VE ALREADY SECURED A COUPLE MILLION DOLLARS FROM DEKALB COUNTY TO FINANCE THIS PROJECT, SO WE MIGHT EVENTUALLY HANDLE THE BOND ON IT.

BUT RIGHT NOW THEY'RE LOOKING AT THE COUNTY HANDLING THE BOND FOR IT.

AND THERE'S NO TIMETABLE RIGHT NOW. BUT THAT'S JUST SOMETHING NEW THAT'S HAPPENED.

I THINK STEIN WHAT THEY WANTED TO BUILD JUST WASN'T GOING TO WORK.

AND AT LEAST NOT WITH THE ASK THAT THEY HAD WANTED.

AND I THINK THEY'RE CONCENTRATING ON THEIR PROJECT AT BRIARCLIFF AND CLAREMONT, THE WILLIAMSBURG PLAZA PROJECT, WHICH I THINK IF YOU KNOW THAT AREA, THAT DEFINITELY NEEDS TO BE REDEVELOPED.

SO I THINK STEIN'S FOCUSING ON THAT. SO THEY'RE LOOKING TO SELL THIS PROPERTY TO BALSAM GREEN.

I THINK THE CLOSING WAS SUPPOSED TO BE EITHER THIS WEEK OR NEXT WEEK, SO.

SO, I JUST WANT TO LET YOU KNOW, WE HAD AN INITIAL MEETING ON WHAT THEIR THOUGHTS WERE, AND THEY VERY MUCH WANT TO GET INTO THE CHAMBLEE MARKET.

AND THE GUY THAT I SPOKE WITH ACTUALLY LIVES HERE.

SO HE'S FAMILIAR WITH THE AREA. ANYBODY HAVE ANY QUESTIONS? I ALSO SPOKE WITH OUR FRIEND ROD MULLIS AND ASKED HIM WHAT'S GOING ON WITH THE FRAZIER DOWN THE STREET.

YOU KNOW, WE APPROVED THAT ABATEMENT LAST YEAR AND CITY COUNCIL SIGNED OFF ON THE PROJECT

[00:05:04]

ON THE DSI BACK IN AUGUST, AND I THINK THAT'S A TWO-YEAR WINDOW ON A DSI, RIGHT? ONCE IT GETS ASSIGNED. I THINK THEY HAVE TO DO SOMETHING WITHIN TWO YEARS, OR THEY HAVE TO GO THROUGH THE WHOLE PROCESS AGAIN.

I BELIEVE IT'S THAT THEY HAVE TO PULL PERMITS WITHIN TWO YEARS.

PULL. OKAY, THANK YOU. BUT I TALKED TO ROD TODAY AND, YOU KNOW JUST AS A REMINDER, HE WAS THEY HAD PLANNED A 316 UNIT DEVELOPMENT. AND IT'S, YOU KNOW, IT'S A CHALLENGING PIECE OF PROPERTY RIGHT DOWN THE STREET HERE ON CHAMBLEE DUNWOODY.

IT'S ONLY A COUPLE ACRES, BUT NOW THEY'RE LOOKING TO SCALE BACK TO 144 UNITS.

SO FROM 316 TO 144. AND THEY TOO ARE LOOKING TO GET SOME ASSISTANCE FROM DEKALB COUNTY FOR MORE AFFORDABLE HOUSING. HE DID HAVE 20% SCHEDULED FOR AFFORDABLE UNITS.

AND NOW THEY'RE LOOKING TO GO TO 40%. SO HE WAS VERY WILLING TO COME TO THE MEETING OR IF NOT, I SAID, WELL, DON'T WORRY ABOUT THIS ONE BECAUSE IT WAS COMING UP SOON.

BUT IN THE NEXT, YOU KNOW, MAYBE IN OCTOBER OR NOVEMBER TO GIVE US AN UPDATE ON YOU KNOW, MORE DETAILS ON WHAT HE'S PLANNING ON DOING.

BUT THAT'S THE LATEST. I, IF I UNDERSTAND OR IF I RECALL THE AGREEMENT CORRECTLY, THE FACT THAT HE'S CHANGING THE PROJECT MEANS THAT THE AGREEMENT THAT THE DDA, THE INCENTIVE THAT THE DDA APPROVED IS EFFECTIVELY NULL AND VOID.

SO THERE WAS NEVER AN MOU SIGNED. THE DDA DID APPROVE MOVING FORWARD WITH DRAFTING THE MOU BASED ON THE PROJECT DETAILS THAT WERE PRESENTED.

SO THERE, BUT THERE HASN'T BEEN AN MOU SIGNED ON THE PROJECT.

NOW IF HE DOES, YOU KNOW, IF IT DOES COME BACK WITH A COMPLETELY DIFFERENT PROJECT, MY RECOMMENDATION WOULD BE TO START THE APPLICATION PROCESS ALL THE WAY OVER.

AND EVEN IF THAT MOU HAD BEEN SIGNED, THERE WERE SOME TIMELINES WITHIN IT THAT I DON'T BELIEVE THAT HE'S GOING TO BE MEETING IN ANY CASE. RIGHT. YES, AND IT DID.

AND THE MOU DID OUTLINE A SPECIFIC NUMBER OF UNITS AND ALL OF THAT KIND OF STUFF.

SO EVEN IF IT WERE SIGNED, YES, HE WOULD HAVE BEEN BOUND TO WHAT HE HAD TOLD THE DDA.

RIGHT. HE DID MAKE A COMMENT THAT POSSIBLY HE MAY NOT NEED AN ABATEMENT AT ALL, SO.

SO THERE WOULDN'T BE A NEED FOR HIM TO COME BACK IN FRONT OF US? WELL ONLY AS A COURTESY, I GUESS, BECAUSE WE WORKED WITH HIM INITIALLY.

MAYBE JUST TO LET US KNOW WHAT'S GOING ON IN OUR DOWNTOWN DISTRICT, WHICH IS PART OF OUR PURVEYANCE, SO. FAIR ENOUGH. AND ONE LAST THING JUST TO GIVE YOU A QUICK UPDATE ON THE ROUNDABOUT BOTH OF THEM THAT WERE PLANNED, ONE AT CHAMBLEE DUNWOODY AND NEW PEACHTREE AND THE OTHER ONE AT CHAMBLEE DUNWOODY IN AMERICAN WAY.

I TALKED TO MATT DUNIGAN OR WE EMAILED BACK AND FORTH WITH KIMLEY-HORN, AND HE SAYS THAT THEY'RESTILL DEALING WITH SOME PROPERTY OWNERSHIP ISSUES.

I THINK WE TALKED ABOUT THIS BEFORE THAT THERE WAS A SLIVER OF PROPERTY THAT SEEMED TO BE KIND OF AN ORPHAN, AND THEY WERE WORKING ON TRYING TO FIGURE OUT WHO ACTUALLY OWNED IT. BUT APPARENTLY THERE'S MORE THAN ONE SITUATION LIKE THIS.

AND THEY'RE STILL DEALING WITH THE UTILITY RELOCATIONS WITH GEORGIA POWER AND ATLANTA GAS LIGHT.

SO HE SAID AT BEST, THOSE PROJECTS MIGHT BEGIN SOMETIME Q1 OF 27.

SO. SO THAT'S THE LATEST. MOVING DOWN TO FINANCIAL REPORT.

[4. Financial Report]

JONATHAN. YEAH, NO MATERIAL CHANGE FROM LAST MONTH.

I JUST WANT TO REMIND THE BOARD THAT OUR BALLOON PAYMENTS ON WHAT I REFER TO AS LOAN NUMBER ONE, WHICH IS THE GENERAL LOAN WE HAD BEFORE THE PIERCE LOAN.

WE HAVE A PRINCIPAL PAYMENT THAT BECOMES DUE DECEMBER 1ST EVERY YEAR, AND IT'S TO THE TUNE OF ABOUT 700,000 AND CHANGE.

AND SO OUR ADMIN PAYMENTS ARE TYPICALLY DUE AT THE END OF OCTOBER I BELIEVE.

AND AS LONG AS WE RECEIVE AT LEAST SOME OF THOSE PAYMENTS, WE SHOULD BE FINE TO MAKE THAT BALLOON PAYMENT ON DECEMBER 1ST.

IN ADDITION, AND I DON'T KNOW IF YOU WANT TO UPDATE THEM ON TOWN CENTER AND THE IMPLICATIONS OF THE EXTENSIONS, BUT THERE ARE FEES TIED TO THOSE EXTENSIONS THAT I THINK SHOULD BECOME HARD MONEY AND RELEASED TO US.

SO I THINK THAT'S 150 MAYBE EACH EXTENSION THAT WILL ADD TO OUR BALANCE SHEET AND HELP US GET CLOSER TO THAT 700 PLUS

[00:10:09]

MARK. BUT HERE WE ARE, END OF SEPTEMBER. DECEMBER 1ST WILL APPROACH VERY QUICKLY.

SO WE JUST WANT TO BE MINDFUL OF KIND OF OUR ACCOUNTS RECEIVABLE AND WHAT IS GOING TO HAVE TO GO OUT DECEMBER 1ST.

I DID WANT TO NOTE THAT WE DID RECEIVE THE ALL OF OUR SUBMISSION ALREADY FOR THEIR ANNUAL PAYMENT AND THEY CALCULATED ABOUT 273,000 FOR THEIR PAYMENT.

IT IS STILL UNDER REVIEW. SO THERE MAY BE SOME ADJUSTMENTS RECOMMENDED BY DAN AND DANNY, BUT WE DO HAVE THAT.

OKAY, GREAT. AND AS I MENTIONED WE HAD EMAILED EARLIER THAT WE ARE IN THE FIRST 30-DAY EXTENSION FROM GREYSTAR. SO AND WE HAVE RECEIVED $150,000 FOR THEM.

AND THAT IS IN OUR ACCOUNT AND I DO NOT BELIEVE THAT'S IN ESCROW.

I THINK THAT'S HARD MONEY. I THINK THAT'S NONREFUNDABLE, REGARDLESS OF WHAT HAPPENS WITH THE PROJECT AND THE.

SO, AND THE LATEST ON THAT IS GREYSTAR IS SHOOTING FOR AN OCTOBER 22ND CLOSING.

SO JUST BEFORE THE MEETING TONIGHT, DAN AND DANNY SENT OUT A A LONG EMAIL ABOUT THE SCHEDULE AND ALL THE DOCUMENTS NEEDED BETWEEN NOW AND THEN FOR GREYSTAR AND FOR US. BUT CURRENTLY THAT'S GOING TO BE OCTOBER 22ND.

HOWEVER, THEY WILL, I THINK THEY HIT THE SECOND EXTENSION ON OCTOBER 18TH.

SO IF WE DON'T CLOSE TILL THE 22ND, I THINK IF IT'S MORE THAN ONE DAY PAST IT, THEY OWE US THE FEE FOR THE NEXT EXTENSION, WHETHER THEY USE A FEW DAYS OF IT OR ALL 30 DAYS OF IT.

I NEED TO GET CONFIRMATION FROM OUR ATTORNEY ON THAT, BUT I BELIEVE THAT WOULD BE THE CASE.

SO WE MIGHT HAVE A TOTAL OF 300 K IN OUR ACCOUNT BY MID-OCTOBER.

X ON TOP OF WHAT WE CURRENTLY HAVE. SO THAT WOULD CERTAINLY BE HELPFUL.

WHAT'S OUR CURRENT BALANCE? OUR CURRENT BALANCE IS ABOUT 420 RIGHT NOW, AND OUR MONTHLY DEBT PAYMENTS CURRENTLY ARE ABOUT WHAT, 30? IT'S ABOUT 30,000. TOGETHER, YEAH.

SO WE'LL MAKE THAT PAYMENT OCTOBER 1ST, ANOTHER PAYMENT NOVEMBER 1ST AND THEN THE BIG BALLOON PAYMENT TO DECEMBER 1ST.

SO ASSUMING YOU KNOW THE OLIVER ADMIN PAYMENT IS APPROVED ON TIME AND THAT PAYMENT IS MADE AND WE GET THIS 300 OR EVEN 150, WE SHOULD BE IN PRETTY GOOD SHAPE NOTWITHSTANDING A CLOSING THAT MIGHT SLIP, YOU KNOW, PAST DECEMBER, SO. AND ONE THING I DID WANT TO NOTE RELATED TO FINANCES.

SO THE DDA'S LOAN WITH THE CITY. SO I WAS REREADING THE TERMS JUST TO CATCH MYSELF UP AGAIN.

BUT THE PAYMENT FOR THAT, THE REPAYMENT FOR THAT WOULD BE EITHER BY FEBRUARY 1ST, 2027, OR WITH THE SALE OF THE CITY CENTER PROJECT.

SO WHICHEVER ONE OF THOSE COMES FIRST. SO JUST TO KEEP THAT IN MIND.

EXCELLENT. ANY OTHER QUESTIONS? THANK YOU, JONATHAN.

MOVING DOWN TO OLD BUSINESS. I DON'T BELIEVE THERE IS ANY FOR RIGHT NOW.

NEXT ITEM, NEW BUSINESS. SO GRAY STARS COUNCIL HAS CIRCULATED ROUGH DRAFTS OF THE LOAN FINANCING FOR THE CONSTRUCTION WORK,

[6. New Business]

BUT OUR COUNCIL IS STILL WORKING OUT THE DETAILS TO MAKE SURE IT ALIGNS WITH OUR BOND STRUCTURE.

SO THOSE NEGOTIATIONS ARE ONGOING. SO THIS RESOLUTION THAT WE'RE GOING TO PASS HOPEFULLY PASS TONIGHT GIVES THE CHAIR OR THE VICE CHAIR THE AUTHORITY TO SIGN OFF ON THEM WHEN THEY'RE COMPLETED.

SO IT'S KIND OF A FLUID THING RIGHT NOW, BUT SO THAT IS WHAT THIS RESOLUTION IS GOING TO OFFER US. IN THAT WAY IF WE GET THINGS FINISHED IN THE NEXT WEEK OR TWO, WE DON'T HAVE TO HAVE A SPECIAL CALLED MEETING FOR THIS.

EITHER YOU OR I CAN SIGN OFF ON IT, SO. AND THE LDP RIGHT NOW HAS BEEN APPROVED BY THE COUNTY FOR GREYSTAR, BUT THEY ARE NOT GOING TO GET THEIR STAMPS UNTIL THEY TAKE CARE OF THEIR IMPACT FEES. SO WE'RE WAITING ON THAT. AND CHAMBLEE CAN'T GIVE IT A STAMP UNTIL DEKALB GIVES IT A STAMP. SO WE'RE RIGHT THERE AS SOON AS THEY PAY THOSE FEES WE SHOULD BE GOOD TO GO.

SORRY. THOSE ARE IMPACT FEES? IMPACT. IMPACT FEES.

[00:15:04]

SO BASICALLY WHENEVER YOU HAVE A DEVELOPMENT, HOWEVER MANY SEWER CONNECTIONS AND WATER CONNECTIONS, THERE'S A COST ASSOCIATED WITH THAT AND THERE'S AN ACTUAL FORMULA FOR IT.

YOU CAN FIND IT ONLINE. YOU KNOW, YOU GOT 340 UNITS TIMES WHATEVER.

AND THAT GIVES YOU THAT PART OF THE IMPACT FEE, AT LEAST FOR THE MULTIFAMILY.

AND THEN THERE'S PROBABLY OTHER THINGS FOR RESTAURANTS AND OTHER RETAIL TYPE BUSINESSES.

BUT THAT IS YOU KNOW, AS WE KNOW, THE SYSTEM IN DEKALB IS A LITTLE OLD.

AND AS WE KNOW, WITH ALL THE CONSTRUCTION ON PEACHTREE BOULEVARD AS PART OF GROWING THAT SO THAT WE CAN GROW DOWN THE ROAD.

AND YEAH, I'D JUST SAY THAT'S INDUSTRY STANDARD, YOU KNOW, PAYING IMPACT FEES FOR NEW DEVELOPMENT.

SO I HAVE A MOTION TO APPROVE THE ISSUER'S RESOLUTION.

SO DID EVERYBODY READ THAT? THAT WAS SENT OUT TODAY.

DOES ANYBODY HAVE ANY QUESTIONS OR DISCUSSIONS ABOUT THAT? SO I HAVE IT WRITTEN DOWN HERE. MOTION TO APPROVE THE ISSUER'S RESOLUTION AS PRESENTED REGARDING VARIOUS LOAN RELATED MATTERS IN CONNECTION WITH THE CITY CENTER PROJECT. IF YOU WOULD LIKE TO DO THE HONORS, MIKE, I'D LIKE TO MAKE A MOTION TO APPROVE THE ISSUERS RESOLUTION AS PRESENTED REGARDING VARIOUS LOAN RELATED MATTERS IN CONNECTION WITH THE CITY CENTER PROJECT.

CAN I GET A SECOND ON THAT? QUESTION DO WE WANT TO PHRASE THAT TO AUTHORIZE THE CHAIR OR THE VICE CHAIR TO SIGN THE AGREEMENTS? THAT IS IN THE LONGER VERSION OF IT? WE ASKED DANNY FOR A SHORTER VERSION JUST FOR TONIGHT.

SO IT IS ADDRESSED IN THE LONGER VERSION OF IT.

WE JUST WANTED TO EDIT IT DOWN AND MAKE IT A LITTLE EASIER.

ALL RIGHT. SO WITH THAT, CAN I GET A SECOND? SECOND.

ALL THOSE IN FAVOR. AND THAT IS UNANIMOUS. THANK YOU MIKE.

ALL RIGHT. DOWN TO PUBLIC COMMENT. IS THERE ANY PUBLIC COMMENT.

[7. Public Comment]

YOU WANNA COME UP TO THE MICROPHONE. YEAH. WELL THAT WAY WELL THAT WAY THEY CAN HEAR YOU DOWN DOWN AT HOME.

SO GIVE US TELL US YOUR NAME. I'M RONNY MAYER.

I LIVE AT 2653 REDDING ROAD IN BROOKHAVEN I OWN FOUR PROPERTIES IN CHAMBLEE, FOUR PROPERTIES IN BROOKHAVEN.

I'M A COMMUNITY LEADER IN BROOKHAVEN, AND I HOPE YOU ALL WANT TO CLAIM ME TO BE A COMMUNITY LEADER HERE IN CHAMBLEE.

IT SCARES ME WHAT I HEAR AND SEE. I LOVE THIS THE NEW CENTER Y'ALL ARE GOING TO BUILD.

BUT I DON'T KNOW THE DIFFERENCE IN SECTION EIGHT AND WORKFORCE HOUSING, BUT IF YOU'RE GOING TO BUILD A BEAUTIFUL CENTER OVER HERE, IF IT'S, YOU KNOW, LIKE YOU DID OVER THERE OFF OF HARDY AVENUE, THAT'S LIKE SECTION EIGHT.

THE MERCY CARE'S ALMOST SECTION EIGHT. AND, THE GUY WHO WAS UNDER CONTRACT AT THE MANNA PRO, HE BUILT A BEAUTIFUL CENTER ON ONE SIDE OF THE ROAD AT BRIARCLIFF IN CLAREMONT.

AND NOW THEY'RE FIXING TO DO THE OTHER SIDE. AND WE WERE HOPING TO GET SOMETHING BEAUTIFUL LIKE THAT OVER HERE.

BUT INSTEAD, I'M HERE AND WE'RE GOING TO HAVE THE WORKFORCE HOUSING.

THERE ARE DEVELOPERS AND BUILDERS AROUND HERE WHO ARE LOOKING FOR A LARGE ENOUGH LOT TO BUILD MILLION DOLLAR FLATS FOR OLD PEOPLE THAT LIVE OFF OF CLUB DRIVE AND DON'T WANT THE BIG MILLION DOLLAR, $4 MILLION HOUSES.

THEY WANT $1 MILLION FLAT. AND THEY WANT THAT.

BUT THERE'S NO PROPERTY. BUT THE PROBLEM IS WHEN YOU HAVE THIS, YOU ALL ARE BUILDING A BEAUTIFUL CITY CENTER.

AND IF YOU DO IT RIGHT, YOU GOT TO HAVE FOLKS THAT CAN AFFORD TO COME TO THE RESTAURANTS.

AND THEY BUILT ALL THIS STUFF OFF OF PEACH INDUSTRIAL, THAT BUILDING OFF OF NEW PEACHTREE, ALL THE APARTMENTS. THERE'S NO OWNERSHIP IN 20 YEARS, 10, 15 YEARS.

ALL THOSE APARTMENTS ARE WORE OUT. THEY'RE ALREADY IN FIVE YEARS OF OWNERSHIP.

THEY SELL THEM TO SOMEBODY ELSE. WHATEVER THE DEAL YOU MADE WITH THAT DEVELOPER, HE'S GONE.

YOU HAVE NO OTHER DEAL ON THE TABLE. THEY CAN RUN THEM DOWN, WRITE THEM OFF, AND YOU'RE JUST ASKING FOR JUST CRAP AND YOU'RE SELLING OUT THE NEXT 2 OR 3 GENERATIONS IN CHAMBLEE, AND IT'S GOING TO BE UP TO YOU ALL AND THE COUNCIL HERE TO DO THIS,

[00:20:05]

RIGHT. AND I'VE ALWAYS SAID, JUST BECAUSE YOU'RE A COUNCIL MEMBER DOESN'T MEAN YOU'RE EAT UP WITH COMMON SENSE OR SMART.

JUST NOBODY ELSE WANTED THAT JOB AND YOU GOT IT.

BUT THERE'S PEOPLE LIKE MYSELF, AND THERE'S A LOT OF US THAT HAVE COMMON SENSE AND BUSINESS SENSE THAT KNOW HOW TO DO THINGS THE RIGHT WAY.

I'M NEVER ASKED THAT. NOBODY'S EVER ASKED ME.

RONNY, WOULD YOU LIKE TO BE ON THIS BOARD OR THIS BOARD? NO, NOBODY ASKED ME, BUT I AM EAT UP WITH COMMON SENSE.

AND I'VE RUN THREE BUSINESSES, AND I'M DEFINITELY A BUSINESSMAN, AND I KNOW HOW THINGS WORK.

WHEN YOU DO THE ROUNDABOUTS, IT SOUNDS GREAT, BUT YOU GOT TRACTOR TRAILERS STILL DELIVERING FUEL TO THE AIRPORT.

YOU GOT TRACTOR TRAILERS DELIVERING FOOD TO THE RESTAURANTS.

YOU GOT TRACTOR TRAILERS TO BRING CARS TO JIM ELLIS UNIVERSITY AND THE ROUNDABOUTS IF YOU DON'T DO THEM RIGHT, YOU GOT A PROBLEM, YOU'RE GOING TO HAVE FOLKS GETTING REALLY RUN OVER WHEN YOU GOT A TRACTOR TRAILER.

IT'S JUST A LOT OF STUFF GOING ON. AND THE ONLY OTHER THING I KNOW, MY TIME IS RUNNING OUT, I NEED. WE TALKED EARLIER ALL ABOUT THE SEWERS.

I JUST NEED TO KNOW IF THEY'RE GOING TO PUT A SEWER ON PEACHTREE ROAD OR START SOMETHING.

BECAUSE IF YOU WANT DEVELOPMENT ON EITHER SIDE OF THE ROAD, SOMEBODY'S GOING TO HAVE TO START A THERE'S A SEWER CAP RIGHT ACROSS FROM CITY HALL. AND THERE'S ONE, A DEEP ONE RIGHT BEHIND THE HARVEY.

BUT THERE'S NO SEWER THERE. THERE'S NO SEWER GOING DOWN NORTH PEACHTREE.

THERE'S NO SEWER NOWHERE. SO SOMEBODY WHETHER IT'S GOING TO BE THE DEVELOPMENT, THE BOARD TO START IT, TO BRING IN THE SMALL BUSINESSES. THEY CAN'T AFFORD TO SPEND ALL THE MONEY ON THE SEWER.

SO IF YOU GET THE BIG DEVELOPMENT PEOPLE THAT CAN BUILD IT, THEN THE SMALL PEOPLE CAN AFFORD TO TIE INTO IT, BUT WE CAN'T AFFORD TO BUILD IT. AND YOU'RE GOING TO HAVE SOME COOL BUSINESSES HERE, BUT YOU GOT TO HAVE NOT WORKFORCE AND SECTION EIGHT HOUSING EVERYWHERE, BECAUSE YOU GOT TO BE ABLE TO AFFORD TO EAT AT THESE RESTAURANTS AND SHOPS AND EVERYTHING, AND YOU GOT TO BRING THE GAME UP A LITTLE BIT BECAUSE.

AND THEN IN 15 OR 20 YEARS, THAT NEXT GENERATION KICKS IN.

AND OF ALL, YOU GOT IS SECTION EIGHT HOUSING, YOU DON'T HAVE NOTHING.

THANK YOU. THANK YOU RONNY. WELL, IF THERE IS NO ONE ELSE HAS ANY COMMENTS, I'LL TAKE A MOTION TO ADJOURN.

WE DON'T HAVE AN EXECUTIVE SESSION, DO WE? NO.

OKAY. MOTION TO ADJOURN. GET A SECOND. SECOND.

ALL THOSE IN FAVOR? AND THAT IS UNANIMOUS. THANK YOU EVERYBODY.

* This transcript was compiled from uncorrected Closed Captioning.