DAPC to close soon on Union de­vel­op­ment, cel­e­brates board mem­bers

The Standard Journal - - LOCAL - By Kevin Myrick [email protected]­stan­dard­jour­nal.net

The De­vel­op­ment Au­thor­ity of Polk County wrapped up their year with a deal they made ear­lier in the year al­most com­pleted and ready to move into the next phase.

Dur­ing their fi­nal board meet­ing of the year, DAPC CEO Missy Ken­drick said the or­ga­ni­za­tion is close to wrap­ping up a clos­ing on 90 acres of prop­erty with the In­ter­na­tional Union of Op­er­at­ing En­gi­neers Lo­cal 926’s train­ing fa­cil­ity will be com­ing up at the start of 2019.

The DAPC was wait­ing for the union of­fi­cials to fin­ish up a sale of their Clay­ton County fa­cil­ity be­fore they turned around and be­gan the move to the Ear­ley prop­erty next to Cedar­town’s North­side In­dus­trial park.

Once the clos­ing on the por­tion of the prop­erty is com­pleted, the DAPC then plans to move for­ward with the re­fi­nanc­ing of the loan on the rest of the prop­erty, uti­liz­ing a six-year op­tion to keep pay­ing off in­ter­est with ad­di­tion to the prin­ci­pal af­ter two years are up if the rest of the avail­able acreage hasn’t sold.

The DAPC’s De­cem­ber ses­sion also saw the fin­ish for a trio of mem­bers who are com­ing off the board as the year closes. Larry Kuglar, Britt Mad­den Jr. and Ray Carter were all thanked for their ser­vice to the DAPC and the county as a whole as they move on to dif­fer­ent roles.

Mad­den is set to be­gin his term as a new school board mem­ber in Jan­uary, while Carter is head­ing to the Polk County Board of Com­mis­sion­ers rep­re­sent­ing Dis­trict 3.

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