Downtown Development Authority hears update on Downtown Dollars, loan resolution
Published 3:46 pm Friday, February 17, 2023
Members of the Bainbridge Downtown Development Authority met Thursday morning for their regularly scheduled meeting. After the call to order and approval of minutes, the authority approved the financial and director’s reports. One of the points on the financial report was the Downtown Dollars program; according to DDA director Amanda Glover, over $4,000 have been loaded onto Downtown Dollars gift cards since the program’s launch last year, with $1,900 having been spent. The director’s report went over several annual reports made to the state, including the Rural Zone report. “The Rural Zone was a 5-year designation the city had for the tax incentives,” Glover explained to the Post-Searchlight afterward. “So we just finished up our fifth year designation, but even with that, every year we send in an annual report of the projects and investments, and the jobs created.”
The only item of new business on the agenda was a Georgia Cities Foundation loan resolution, specifically for the rehabilitation of the 214 E Water Street property. “It’s going to be a mixed-use property. It’ll have three apartments I believe on the second floor, and then two commercial spaces on the ground floor,” Glover explained. “It’s normally for the acquisition and rehabilitation. In this case she had already owned the property, but now she’s looking to rehabilitate it, and you can use these funds for that.”
The DDA had been scheduled to tour additional properties on Water Street as part of the meeting, but was forced to reschedule due to scheduling conflicts with contractors.