The Kennesaw City Council approved an ordinance amendment Tuesday that officials say will make it easier for developers to build.
The new city law waives a requirement for developers to obtain bonds as surety that they will build roads, gutters and other infrastructure. Instead, they can get a letter of credit confirming they’ll have money for the improvements, said Earnie Via, the city’s public works director.
Via said the recession has made it difficult for developers to obtain bonding but banks are extending lines of credit to those with good finances.
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