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Gainesville Redevelopment Authority cancels its Friday meeting

POSTED: January 23, 2014 12:02 a.m.

The Gainesville Redevelopment Authority has canceled its Friday meeting to discuss selling off property the city owns adjacent to the Chattahoochee Golf Club.

The city had intended to move forward with surplusing five lots, which would have then initiated a market appraisal of each parcel, according to City Manager Kip Padgett.

“But research revealed that the properties were part of an entire bond package issued when the course was renovated in the mid-2000s,” he said.

The bonds don’t expire until 2026.

But a call date, whereby the city can pay off debt on the property before the expiration date or ask that the terms of the bond be modified, is set for next year.

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