Now that
Coweta County has bought more than 900 acres to market to
industrial prospects, work begins to discover any
upgrades that may have to be done on the infrastructure
at the property.
County
attorney Mitch Powell told the Coweta County
Commissioners Tuesday night that the county signed off on
the documents Aug. 12 and now owns the more than 900
undeveloped acres in the Shenandoah Industrial Park.
The Board
of Commissioners decided to get into the industrial park
business in June by purchasing 940 acres in the
Shenandoah Industrial Park for $13.5 million.
The county
decided to purchase the property near Interstate 85 after
receiving a positive feasibility study from the county's
consulting firm, Robert and Company, and receiving a
favorable appraisal on the property.
In
announcing the purchase, Commission Chairman Lawrence
Nelms said the purchase would allow the county to choose
the type of industry that would be good for the county.
The
purchase will be financed by industrial revenue bonds and
the bonds will be paid back as tracts are sold to
industrial prospects.
"This
is going to be very beneficial to everybody in the
county," said Commissioner Vernon "Mutt"
Hunter.
Commissioner
Jim McGuffey also was pleased with the purchase and said
this shows the county is being "proactive" in
trying to bring in more industry.
For $13.5
million, the county will receive 940 acres of property,
including 90 acres of wetlands, all maps, engineering
studies and future road and sewer plans for the property.
Nearly 700
acres of the property lie east of Interstate 85 near and
behind Walt Sanders Road. The other 200 acres are west of
the interstate and abuts the currently developed park.
While the
property on the eastern side is extremely attractive to
prospects, Powell said the western part of the property
may have an advantage since it already has existing roads
near it and also a rail line in close proximity.
Before the
county starts marketing the property to industrial
prospects, Powell suggested a study to assess the
adjoining property and the roads in the recently
purchased property.
"The
land on the north side and east side of this property is
owned by a few land owners. It would be good to analyze
the land use and see how it fits in with our
property," he said.
The study
could be done in-house and Powell said the study could
give the commissioners a good idea of the future
viability of the industrial park.
The
commissioners agreed with his assessment and asked staff
to start assessing the scope of the study and report back
to the board.







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