MARIETTA — Despite an attempt from Councilman Anthony Coleman to undo the council’s promise of a $221,000 loan to a failed city redevelopment agency, the cash was earmarked Wednesday to bail out properties facing foreclosure.
Coleman tried to rescind the council’s decision to underwrite $221,000 in interest payments for the Marietta Redevelopment Corp. to Bank of North Georgia, but failed because of a procedural problem.
Coleman hoped having new members on the council — Michelle Cooper Kelly, Johnny Walker and Stuart Fleming — would help him reverse the contentious December 4-3 vote that approved shelling out the cash on the MRC’s 8 acres of vacant lots and properties off Powder Springs Street across from the Hilton Marietta Conference Center.
via The Marietta Daily Journal – Councilman tries to stop loan payments for MRC.
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