Stockbridge Backtracking again

It looks like the City of Stockbridge is doing some backtracking because they see the chance that the Jodeco Project would be cut off from the city if Eagles Landing gets to be a city.  The area would have to be de-annexed from the city.  The Jodeco Project would not be part of the new city of Eagles Landing and would lie back in unincorporated Henry County. The revised deal with RCP Investments who is wanting to build the project is to cover Stockbridge from it's money invested in the project. The following is from the Henry Daily Herald.

"After a three-hour executive session Tuesday, the Stockbridge City Council approved an updated development agreement for the planned Jodeco Road residential and retail development dubbed Jodeco Atlanta South. Because the city is at risk of losing the development should the city of Eagle’s Landing proposal be approved, the revised agreement provides a provision in the case of de-annexation. An original agreement was approved in December 2016 after the city annexed the 158-acre property, located in the southwest quadrant of Jodeco Road and Interstate 75 at 2153 Jodeco Road, into the Stockbridge city limits. The Eagle’s Landing proposal seeks to include properties north of the Jodeco Road development up to the Eagle’s Landing Parkway/ Hudson Bridge Road area. The proposal, if approved, would leave the prospective development separated from remaining city of Stockbridge properties. In the agreement, the city has committed $3 million in SPLOST IV funds to install public roads to provide access to and within the development that are required by the Georgia Regional Transportation Authority. “The Parties acknowledge that should the property be de-annexed from the City or otherwise declared not part of the corporate city limits of the City, for whatever, the City shall be relieved from its commitment to install the public improvements and pledge the city’s financial participation for overall development,” states the updated agreement. The agreement also requires the developer to put a covenant in place stating that if the property is de-annexed for any reason within 20 years from the completion of the public improvements, the property owners shall cause the city to be reimbursed for the full amount of the city’s financial situation within 60 days of the city’s written demand of such reimbursement."

The Staff