No action was taken during the working session and the agreement will likely be voted on at the next council meeting.
Tallant said the deal would mean Providence Group would pay road projects for development up front and receive credit for impact fees, or fees paid by developers to cover the cost of increased demand for infrastructure, services and equipment.
“The general idea behind this is that it’s an impact fee credit,” Tallant said. “So instead of this developer paying us an impact fee to use on all the projects around town, this is the one where they’re going to implement some necessary improvements to our transportation system, and they will pay them, then they will get an impact fee credit for that.
Tallant said three projects will be part of the agreements: two phases of a project to extend Sawnee Drive from its current freeway terminus. 9 at Pilgrim Mill Road and freeway traffic improvements. 9 near Cumming Elementary School.
The costs of the project will only be known once the offers have been received.
“They’re paying for this project with the money they’ll pay for impact fees,” Tallant said. “They have already paid for the design of the project. Once the tender goes out, then we’ll have the final figures in terms of cost, and then they’ll pay before the project starts. »
If the projects cost less than what the developer would pay in the impact fee, the developer will still pay the remainder of the impact fee, and if the project exceeds the fee, the city will pay the remainder, Tallant said.
In January, council voted to rezone 152 acres between Dahlonega Highway and Pilgrim Mill Road and east of Pilgrim Mill from planned professional office, single-family residential and shopping center areas to the development of units slated for the project.
According to plans submitted to the city and discussed at previous meetings, the development will include 102 townhouses and attached duplexes, 262 multi-family units and six vertical mixed-use units on the Dahlonega Highway, as well as a secluded single-family community with 221 units and, east of Pilgrim Mill Road, 122 detached single-family lots around the perimeter and 98 townhouses in the middle for a total of 220 units.
The development will consist of 44 55ft detached residential units with main entrance on 12.5 acres; 105 45 foot detached residential units with rear entrance on 24.6 acres and 72 car lots on 21.1 acres.
Over 50 acres of the total development will be used for attached residential units, which will include 26 20-foot rear-entry townhouses and 38 24-foot duplex rear-entry townhouses near the Dahlonega Highway.
The development will also include 220,000 square feet of institutional senior living units on 14.6 acres and 18.4 acres of commercial uses.
Part of the development will also include over 50,000 square feet for retail, dining and office space near Dahlonega Highway, a 7,000 square foot restaurant and 26,000 square feet for indoor facilities.
The senior living portion of the project is offered with independent living, assisted living and memory care units and is included with 21,000 square feet of retail, office and restaurant on the west side of Pilgrim Mill for another mixed-use area.
The proposal also includes a central amenity area with a clubhouse, swimming pool, fitness center and outdoor patio.