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FINANCIAL_SERVICESAPPROVED

Development Authority of Fulton County AgendaPacket Regular Meeting 2026-05-19

Bond Resolution for SoFu Commerce Center Industrial Project

$28,000,000 bond issuance (project investment $24,000,000)Housing Authority of FultonROOSEVELT COSF OWNER LLCMay 19, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Development Authority of Fulton County is considering a final bond resolution for Roosevelt COSF Owner, LLC to issue $28 million in bonds supporting the SoFu Commerce Center industrial project. The incentive-backed $24 million investment would deliver a modern light industrial facility in South Fulton, creating roughly 300 jobs and expanding the local tax base over a 10-year incentive period.

Contract Details

Contract Amount

$28,000,000 bond issuance (project investment $24,000,000)

Vendor

ROOSEVELT COSF OWNER LLC

Agency

Housing Authority of Fulton, KY

Contract Type

FINANCIAL_SERVICES

Document Date

May 19, 2026

Contract Term

Approximately 10-year incentive period; construction completion targeted Q1 2027

Renewal Info

Single bond issuance associated with a 10-year incentive/tax abatement period; no renewal terms identified in the agenda materials.

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