The Lilburn City Council voted Monday to amend the intergovernmental contract between the Lilburn Downtown Development Authority and the city. The city guarantees loans for the DDA, but the contract was not clear as to the responsibility for repayment of the loan.
The approved amendment states, “The City of Lilburn does not make payments under the contract unless the DDA does not have sufficient funds to make timely payments.” This change is basically a housekeeping item for the city requested by the city auditor. The Lilburn DDA makes timely payments on its debt.
The Downtown Development Authority is a coalition of business leaders appointed by the city council to assist with revitalization and redevelopment of the central business district and the Lawrenceville Highway U.S. 29 Corridor Overlay District.
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