The Dalton City Council meets Monday at 6 p.m. in City Hall. The meeting is open to the public and will be livestreamed on the city’s YouTube channel.
The council members are scheduled to vote on whether to certify the Housing Authority of the City of Dalton to issue up to $11.5 million in revenue bonds for SP Mountain Woods of Tampa, Florida, to acquire and refurbish a 100-unit apartment building at 1000 Ponderosa Lane.
“We can issue bonds for a fee,” said Housing Authority Executive Director David McKone. “That’s all this is. We will have no interest in the property, and we will have no liability. The company is responsible for repaying the bonds. They work everything out with the bank. This will bring that property up to date.”
McKone said the Housing Authority did something similar for the Dawnville Meadows apartment complex several years ago.
The council members will also consider a traffic control change that would bar on-street parking on the east side of Brookwood Drive. According to the meeting packet, Public Works Department officials are concerned that parking on both sides of the street which is currently allowed could make it difficult for emergency vehicles to enter and exit the street.