Woodstock refuses bond to refinance labor office

The Woodstock City Council has balked at issuing bonds for a Department of Labor office in Kennesaw that serves Cherokee and north Cobb counties.

“This was really a refinancing for a group that recently purchased the building,” City Manager Jeff Moon said. “We were approached by the building owners, not the state.”

Council members generally were concerned about the potential long-term impact on the city if the Department of Labor pulled out of its lease, Moon said.

“Also, I think there were some philosophical concerns about us getting involved in owning a building in Cobb County,” he said. “The question was asked: Why Kennesaw and Marietta weren’t interested in doing deal?”

The building owners had asked city officials to float $8.92 million in bonds.