The Dunwoody Development Authority will discuss approval of two resolutions 6 p.m. Thursday at Dunwoody City Hall, 41 Perimeter Center East, Suite 103. The resolutions authorize the city to issue revenue bonds with the amount of $650,000,000 and $130,000,000. The first resolution allows the financing, acquisition, construction, furnishing and equipping of up to three office buildings. The project would take place over two phases, creating approximately 2,650 jobs in phase one and 4,850 jobs in phase two.
The second resolution authorizes construction, furnishing and equipping of another building located at the corner of Hammond Drive and the Dunwoody MARTA station. The building is a 16-story, 350,000-square-foot office building with an existing parking deck directly adjacent to the MARTA station to the east.
Once complete, the city will acquire the buildings from two companies, Atlanta Office Investment LLC and Transwestern Development Co. LLC under leases related to the bonds and lease them back to the companies.
Information: www.dunwoodyga.gov.
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