B.
Discussion and Possible Action on High Friction Surface Treatment on
City Streets - Public Works Operations Manager Kelly Pendley
Attachments:
Ms. Pendley reviewed the information that was provided to Council at the last
meeting. Ms. Pendley stated this will be completed in conjunction with the IGA
for resurfacing. Councilmember Waterman asked about the differences in
pricing of the two quotes provided as well as the quality of work of the
recommended contractor. City Manager Billy Peppers stated that the
contractors who provided a quote generally work on larger scale projects. Mr.
Peppers also noted that the City’s other option would have been to not enter
an IGA for resurfacing which may have got more bidders to come forward
since they would be doing the paving and high friction surface treatment but
that may cost the City more money. Mayor Pro Tem Tolan asked if specialized
equipment is needed to do this treatment. Ms. Pendley stated yes and
described the treatment process. Councilmember Johnson asked about the
longevity of the treatment. Ms. Pendley stated it is the same as paving which
is around 8 to 10 years. Councilmember McGrew made a motion to award the
High Friction Surface Treatment to WJ Surface Treatment in the amount not to
exceed $143,436. Councilmember Johnson seconded the motion, and it was
approved unanimously.
12.
New Business
A.
Discussion of the Request by TBG Residential for a $500,000 Loan from
the City as Part of Their Low-Income Housing Tax Credit (LIHTC)
Application for the Summit at Hickory Creek Project - Housing Initiatives
Director Ken Patton
Attachments:
Housing Initiatives Director Ken Patton stated that the City received a request
from TBG Residential requesting a $500,000 loan from the City as part of their
Low-Income Housing Tax Credit (LIHTC) application for their project, Summit
at Hickory Creek. Representatives of TBG Residential discussed the loan
amounts to $5,000 per unit and will allow them to receive one point on their
LIHTC application. The loan is fully repayable with interest and would be done
through a Memorandum of Understanding with the Canton Housing Authority.
Mayor Grant discussed the need for affordable senior housing and how this
project will address that need. Mayor Pro Tem Tolan discussed the
competitive nature of the application process and how one point makes all the
difference. Councilmember McGrew asked if this request is for both phases of
the project. Mr. Patton stated the current request is for Phase 1 and noted TBG
Residential could return for another request for Phase 2. Councilmember
Yawn asked where the funds for the loan will come from. Mr. Peppers stated
they will come from the General Fund where all the City’s American Rescue
Plan Act (ARPA) Funds have been moved. The City would make the loan to the
Housing Authority and then the Housing Authority would make a loan to the
project.
