Mayor and Council Meeting - A. MAX BACON CITY HALL - COUNCIL CHAMBERS — Minutes
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April 21, 2025 7:00 PM City of Smyrna Mayor and Council Meeting 2800 King Street SE Council Chambers Page 7 of 12 Aye: 6 – Councilmember Hines, Councilmember Lindley, Councilmember Welch, Councilmember Wilkinson, Mayor Pro Tem / Councilmember Gould, Councilmember Oglesby Nay: 0 – None Recuse: 1 – Councilmember Pickens 8. Privilege License and Show Cause Hearing 9. Formal Business A. RES2025-008 Adopt Authorizing Resolution RES2025-008 approving an Intergovernmental Economic Development Agreement with the Downtown Smyrna Development Authority, a Preliminary Official Statement and other instruments relative to the issuance of series 2025 federally taxable revenue bonds for the purchase of approximately 12.72 acres at 3903, 3949 and 3967 South Cobb Drive as well as demolition, site development and issuance costs related thereto. Citywide Joe Bennett, City Administrator, provided the following background: The Downtown Smyrna Development Authority is under contract with Emory University to purchase the former site of Emory Hospital, consisting of approximately 12.72 acres at 3903, 3949 and 3967 South Cobb Drive. The DDA has authorized the issuance of series 2025 federally taxable revenue bonds in an amount not to exceed $11,750,000 for the purchase as well as demolition, site development and issuance costs related thereto. This Resolution approves an Intergovernmental Economic Development Agreement between the City and the Downtown Smyrna Development Authority, a Preliminary Official Statement and other instruments as may be necessary relative to the bond. Finance and Economic Development staff recommend approval. Mayor Norton stated that the city had been approached by developers to develop a 500-600 unit apartment complex with a coffee shop. But this council wanted to utilize this space for something more community-friendly for the city. Mayor Pro Tem Gould stated that though there is a provision to demo the buildings, that would not be happening anytime soon. The established businesses that are currently occupying space there are free to continue and are in no danger of being removed. Councilmember Lindley wanted to clarify that the property has not been used as a hospital for several years, and there is a deed restriction that states no other hospital could use that property as a hospital. Mayor Pro Tem / Councilmember Tim Gould made a motion to approve item RES2025- 008; seconded by Councilmember Rickey N. Oglesby Jr. The motion to approve carried with the following vote: