Kennesaw gives developers more options
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.
About the Author
Ty Tagami is a staff writer for The Atlanta Journal-Constitution. Since joining the newspaper in 2002, he has written about everything from hurricanes to homelessness. He has deep experience covering local government and education, and can often be found under the Gold Dome when lawmakers meet or in a school somewhere in the state.
