<P>Godfrey, Sward resign from DAPC

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<P>Godfrey, Sward resign from DAPC

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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

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