CONSTRUCTIONAPPROVED

City of Sandy Springs Awards Construction Contract to 6150 Sandy Springs Owner Llc (July 2025)

The Sandy Springs Development Authority unanimously approved executing legal agreements with 6150 Sandy Springs Owner, LLC for constructing 111 parking spaces to be used by the City, supported by a capped City cost and a 50-year term with tax abatement incentives. The developer will receive a 3.5% fee on hard costs associated with these improvements. Ownership and easement terms protect City use for the full term, subject to a buyout provision.

Status
APPROVED
Document date
July 29, 2025
Contract type
CONSTRUCTION
Vendor
6150 Sandy Springs Owner Llc
Agency
City of Sandy Springs · GA

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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

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $4,877,333 (City costs capped); owner entitled to a 3.5% development fee on hard costs for City spaces; Buyout Amount $6,624,000
Contract type
CONSTRUCTION
Contract term
50 years; subject to buyout clause after 50 years or sooner if Buyout Amount met
Renewal date
2075-07-29
Renewal
Agreement may terminate if Buyout Amount ($6,624,000) is paid or after 50 years, with City costs capped. Buyout may occur sooner if City recoups 200% of hard costs in parking revenue or otherwise. Owner responsible for maintenance and payments per easement.
Document type
Agenda
Source document
Sandy Springs Development Authority Agenda July 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Sandy Springs?

6150 Sandy Springs Owner Llc was awarded this construction contract by City of Sandy Springs, as recorded on July 29, 2025. The contract value is Not to exceed $4,877,333 (City costs capped); owner entitled to a 3.5% development fee on hard costs for City spaces; Buyout Amount $6,624,000.

How much is the 6150 Sandy Springs Owner Llc contract with City of Sandy Springs worth?

The 6150 Sandy Springs Owner Llc contract with City of Sandy Springs is valued at Not to exceed $4,877,333 (City costs capped); owner entitled to a 3.5% development fee on hard costs for City spaces; Buyout Amount $6,624,000, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Sandy Springs Development Authority Agenda July 2025 (Agenda), dated July 29, 2025 from City of Sandy Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 6150 Sandy Springs Owner Llc hold?

6150 Sandy Springs Owner Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View 6150 Sandy Springs Owner Llc's profile

What is City of Sandy Springs currently buying?

Explore City of Sandy Springs's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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