The Canton City Council and Canton Downtown Development Authority last week gave their support for financing to bring a co-working company to The Mill on Etowah.
The Council approved a resolution of support for a Downtown Development Revolving Loan Fund application for Thrive at Canton, LLC will help to finance the renovation of a suite at The Mill on Etowah , 141 Railroad St., a mixed-use development located in a century-old textile mill. Thrive plans to renovate the second-floor suite to provide a co-working office facility. Co-working companies provide office space, usually without long-term leases in which tenants share features like conference rooms, restrooms and break rooms.
The Georgia Department of Community Affair’s Downtown Development Revolving Loan Fund program is designed to assist cities, counties and development authorities in their efforts to revitalize and enhance downtown areas by providing below-market rate financing to fund capital projects in core historic downtown areas.
At its meeting on Thursday, the City Council also approved the awarding of the Amos Road booster pump station improvements project to Lanier Contracting Co. in the amount of $653,311. This project is part of the new Laurel Canyon booster pump station, which will add modifications to provide reliable service to Great Sky and Laurel Canyon when the Great Sky water tanks are taken out of service.
A request regarding reauthorizing cooperation with Cherokee County Community Development Block Grant Program was also approved by the Council. This program would allow Canton to receive direct CBG funding based on federal appropriations as an entitlement community. The Cherokee County Board of Commissioners asked Canton whether they would like to sign on to be a partner as it relates to CBG funding. This will allow for the county to count Canton as a partner so that when federal funding is available, Canton can make applications directly to the county for a percentage of that fund for city projects.
The Council also approved a change order to Atkins for design services for the expansion of the wastewater treatment plant in the amount of $984,732.