And then there were three.
At Monday night's meeting
of the Development Authority of Peachtree City, Bob Brooks made the announcement
that both Tate Godfrey, former chairman, and Belinda Sward resigned their
positions on the authority, effective immediately.
The resignations left the authority
with Brooks, treasurer Scott Formel and Bill Boxley as the remaining members
of the embattled authority. Next year will bring four new members to the
authority, as the city has received 12 applications for the positions
and will select the new members after interviewing each candidate. The
interview process will start early in January.
The Development Authority is
currently a group with an identity crisis. Now that they do not control
either the tennis center or the amphitheater, it is unclear to them just
what they should be doing. Brooks suggested a workshop with the city to
find out just what they should focus on in the area of economic development.
Before they have that meeting,
though, Formel suggested that they meet with the city to start a dialogue
on the retirement of debt for capital expenditures. The authority currently
owes more than $1 million in loans from local banks. Much of the money
went to the expansion and operation of the tennis center, a venue no longer
under the authority's purview since it relinquished control to the
city last month.
"We don't have an
income stream, but the debt still exists. We need to quantify that and
get a plan together," said Formel, who agreed with Brooks and thought
it would be necessary to look at development recruitment and find out
"what we are going to be doing."
Brooks, a former city councilman,
also mentioned that there are some assets at the tennis center and amphitheater
that the Development Authority owns. "Ninety-nine percent of the
assets will be useful at the facilities," said Brooks. "We just
need to find a way to transition it







Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…