Wednesday, December 20, 2006
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Gwinnett Daily Post
SUWANEE - Suwanee has obtained a $6.6 million loan for construction of a 23,600-square-foot City Hall at Town Center Park.
Banker's Bank of Atlanta, in partnership with Gwinnett Bank, was the lowest bidder, offering the city's Urban Redevelopment Agency a $6.62 million loan to be repaid over 20 years at 3.72 percent interest. The URA issued bonds to obtain these funds.
"The URA allowed Suwanee the most cost-efficient means of obtaining the necessary funds for our new city hall," said Amie Sakmar, the city's Financial Services Director.
The total anticipated cost for the building, programming and furnishings is $9.5 million. The city will also use about $2.5 million of the proceeds from the sale of Town Center mixed-use properties. The remaining $500,000 will come from the city's general fund capital project reserve account.
Rezoning decision tabled
A city council decision on the 148.32-acre project being proposed for the southwest side of Lawrenceville-Suwanee Road and Burnette Road in Suwanee has been tabled until January. OPUS South, the applicant, has requested rezoning of the area to allow for a multiple-use development.
The proposed project has undergone many revisions over the past months, with the both the city's Planning Commission and Planning Department ultimately recommending approval with conditions.