FACILITIESAPPROVED

City of Sandy Springs Awards Facilities Contract to 6150 Sandy Springs Owner Llc (August 2026)

The Sandy Springs Development Authority approved legal agreements with 6150 Sandy Springs Owner, LLC to fund the construction of 111 parking spaces for the City in the Hillcrest mixed-use project and to grant a 10-year property tax abatement, with total City exposure capped at $4.877 million. The deal includes escrowed construction funds, streetscape and safety enhancements, and a 50-year easement with a defined buyout option.

Status
APPROVED
Document date
August 26, 2026
Contract type
FACILITIES
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
Capped at $4,877,333 (including $3,312,000 for 111 parking spaces, approximately $3,600,000 escrowed for construction draws, $900,000 for streetscape/road enhancements, plus 5% contingency)
Contract type
FACILITIES
Contract term
Ten-year property tax abatement; 50-year easement term for 111 parking spaces with buyout option at approximately $6,624,000
Renewal date
2075-12-31
Renewal
Ten-year tax abatement decreases from 50% in year one by 5% annually until full taxation in year ten; 50-year parking easement includes a buyout option around $6,624,000, reduced by prior tax and parking payments. No automatic renewals are described.
Document type
AgendaPacket
Source document
Sandy Springs Development Authority Agenda Packet 2026-08-26

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Frequently asked questions

Common questions about this contract, answered from the record.

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

6150 Sandy Springs Owner Llc was awarded this facilities contract by City of Sandy Springs, as recorded on August 26, 2026. The contract value is Capped at $4,877,333 (including $3,312,000 for 111 parking spaces, approximately $3,600,000 escrowed for construction draws, $900,000 for streetscape/road enhancements, plus 5% contingency).

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 Capped at $4,877,333 (including $3,312,000 for 111 parking spaces, approximately $3,600,000 escrowed for construction draws, $900,000 for streetscape/road enhancements, plus 5% contingency), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Sandy Springs Development Authority Agenda Packet 2026-08-26 (AgendaPacket), dated August 26, 2026 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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