FACILITIESAPPROVED

City of Sandy Springs Awards Facilities Contract to North River Apartments Owner Llc (August 2026)

Alongside the bond authorization, the Development Authority approved a Lease Agreement making North River Apartments Owner, LLC the lessee of the Authority-owned North River project, with rent structured to pay debt service on the Series 2026 bonds. The lease supports the tax incentive structure and provides for long-term control and eventual purchase by the developer.

Status
APPROVED
Document date
August 26, 2026
Contract type
FACILITIES
Vendor
North River Apartments 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 type
FACILITIES
Contract term
Lease term aligned with bond term, extending through or near December 1, 2038, with related purchase option provisions
Renewal date
2038-12-01
Renewal
Lease runs in tandem with the bonds and includes a purchase option; no automatic renewal is described, and ownership is expected to transfer upon option exercise.
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?

North River Apartments Owner Llc was awarded this facilities contract by City of Sandy Springs, as recorded on August 26, 2026.

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 North River Apartments Owner Llc hold?

North River Apartments 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 North River Apartments 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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