Development Authority approves loan to LPD Trailers

Business, News

BLUE RIDGE, Ga. – At a special called meeting Monday, May 21, the Fannin County Development Authority (FCDA) approved a $40,000 loan to LPD Trailers, d/b/a Wildside Custom Trailers and Conversions, for the purchase of equipment.

Regarding the loan, FCDA Executive Director Christie Arp explained, “The Development Authority has a Revolving Loan Fund available for businesses who need gap financing. The fund originated from a USDA (United States Department of Agriculture) grant back in the late 1990s. The Development Authority can lend to businesses at around market interest rates to help with purchasing of equipment, business expansion needs, acquisition, etc. The funds are exclusive to the revolving loan and do not impact operating budget.”

Located in Blue Ridge, Wildside customizes new trailers or conversions as well as refurbishes, repairs and upgrades existing units.

Arp stated the FCDA has loaned to Wildside in the past, specifically a loan in 2010 that was paid in full in 2015.

“That loan was for a business acquisition,” Arp clarified.

According to Arp, the latest loan is for $40,000 at a five-year market-interest rate.

 

Author

Jason Beck

Born in Merrillville, Indiana, raised in Cleveland, Tennessee, and currently resides in Copperhill, Tennessee. Graduated from Bradley Central High School in 1996 and attended the University of Tennessee at Chattanooga, eventually earning a B.A. and M.A. in English. Hobbies include hiking, camping and fly-fishing. Interests include baseball, hockey and cliff jumping.

Development Authority reports progress of Ed’s Supply

Business, News

BLUE RIDGE, Ga. – In its quarterly meeting Monday, May 7, the Fannin County Development Authority (FCDA) approved an application for for Georgia Cities Foundation Loan for a local property owner to acquire an additional 50 percent interest of a downtown building, according to Christie Arp, FCDA executive director.

“Georgia Cities Foundation funds downtown projects,” Arp explained, “and the Development Authority acts as a conduit and so money would flowing from Georgia Cities Foundation through the Development Authority to a person or business. And the Development Authority has done several in the past; it’s very common.”

Later, in her director’s report, Arp stated, “There continues to be a lot of interest in downtown Blue Ridge. There has been a lot of interest in people just looking for space outside of town. It varies in size, but there is a shortage of warehouse/industrial space in our area.”

Despite this, Arp added the county is seeing a good mix of retail, industrial and commercial interests and business prospects.

Giving an update on Ed’s Supply, which is a supplier of equipment, parts, and materials to businesses that recently agreed to a lease with FCDA for the speculative building near McCaysville, Arp reported the supplier is still in the construction process of finishing the inside of the building. Also, Arp stated she has personally received several resumes from job applicants for Ed’s Supply.

Arp also told of Gov. Nathan Deal’s stop in Blue Ridge last Wednesday, May 2, to sign the 2019 fiscal year budget for the state of Georgia, which included $5.5 million for a permanent, brick-and-mortar campus for the University of North Georgia Blue Ridge campus located off of state Route 515 near Industrial Park Road.

“We’re extremely excited about (the forthcoming UNG campus),” Arp stated. “The Development Authority will continue to work with UNG about different programming needs they might have and different ways that we can partner with them.”

 

Fetch Your News is a hyper local news outlet that attracts more than 300,000 page views and 3.5 million impressions per month in Dawson, Lumpkin, White, Fannin, Gilmer, Pickens, Union, Towns and Murray counties as well as Cherokee County in N.C. FYNTV attracts approximately 15,000 viewers per week and reaches between 15,000 to 60,000 per week on our Facebook page. For the most effective, least expensive local advertising, call 706-276-6397 or email us at advertise@FetchYourNews.com

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Jason Beck

Born in Merrillville, Indiana, raised in Cleveland, Tennessee, and currently resides in Copperhill, Tennessee. Graduated from Bradley Central High School in 1996 and attended the University of Tennessee at Chattanooga, eventually earning a B.A. and M.A. in English. Hobbies include hiking, camping and fly-fishing. Interests include baseball, hockey and cliff jumping.

Ed’s Supply to occupy Development Authority speculative building

Business, News

BLUE RIDGE, Ga. – In a called meeting Wednesday morning, March 21, the Fannin County Development Authority (FCDA) announced a tenant has been found for the speculative building off of state Route 5 near McCaysville.

The FCDA will soon be entering into a lease purchase, pending final approval from OneGeorgia Authority (a funding source for the building), with Ed’s Supply, which is a supplier of equipment, parts, and materials to businesses.  The company was established in 1957 and is currently headquartered in Chattanooga, Tennnessee.

The terms of lease purchase, as announced by FCDA Chairperson Billie Queen, will be for 10 years at $840,000 and the contract is slated to begin April 1.  Queen also stated Ed’s Supply will be occupying the entire building. When built, the speculative building was designed to be easily modified to accommodate multiple tenants if business prospects so desired to only occupy a portion of the building.

According to FCDA Executive Director Christie Arp, Ed’s Supply will initially begin operation with six employees with the potential to grow to 10 employees in three years.  The company’s overall capital investment will be over $1,000,000 and there are over $3,000,000 in sales estimated to be captured in Fannin County, which will include servicing at least four HVAC businesses.

An overhead view of the Fannin County Development Authority speculative building near McCaysville. (Photo courtesy of Christie Arp)

The speculative building is located on 10.87 acres at 63 Kyle Road just off of state Route 5 near the company offices of Tri-State Electric Membership Corporation (EMC). The facility’s construction was complete in spring 2017 with a total cost of $723,000. The funding for the project included a $250,000 grant from Tennessee Valley Authority (TVA), a $200,000 grant from Appalachian Regional Commission, a $229,500 no-interest equity loan from OneGeorgia Authority and $43,500 from the FCDA.

According to Arp, the FCDA share derived from the sale of the old Levi’s facility several years ago and lease revenue from tenants at the FCDA’s Blue Ridge Industries facility on Ada Street.

The goal for the speculative building project was to attract new businesses to the area and secure a tenant that would provide quality jobs to the county.

“(Ed’s Supply is) already serving businesses in Fannin, so having them here helps better the businesses and employees already in the community,” Arp said of the forthcoming company. “They have great benefits and wages for their employees. They are bringing tax dollars into the community that would otherwise be going out. Ed’s Supply invests time and money into its people – from training and education to rewards and incentives.”

Also during the called meeting, the FCDA extended a contract with Atlanta Gas Light for the FCDA property off of Ada Street.

The property hosts the terminus of a natural gas line running from Ellijay, Georgia, that Atlanta Gas Light is currently in the process of “pickling”. Pickling is a common process used by natural gas companies where new lines are saturated with odorant. During the process, the inner lining of the pipe itself absorbs the odorant. The process is considered complete once the odorant level at the terminus is comparable to the level where the odorant is injected into the line. Because natural gas is odorless, it is necessary to pickle a new line before it is commissioned for use. A completely pickled line will naturally disperse the odorant that has been fully absorbed into the line.

On hand at the meeting was Chasity Durham, representing Atlanta Gas Light. Durham reported, at this time, there is not enough odorant saturation in the line and Atlanta Gas Light needs more time to complete the process.

The contract extension for the property, as announced by Queen, is for 60 to 90 days.

 

Fetch Your News is a hyper local news outlet that attracts more than 300,000 page views and 3.5 million impressions per month in Dawson, Lumpkin, White, Fannin, Gilmer, Pickens, Union, Towns and Murray counties as well as Cherokee County in N.C. FYNTV attracts approximately 15,000 viewers per week and reaches between 15,000 to 60,000 per week on our Facebook page. For the most effective, least expensive local advertising, call 706-276-6397 or email us at advertise@FetchYourNews.com

Author

Jason Beck

Born in Merrillville, Indiana, raised in Cleveland, Tennessee, and currently resides in Copperhill, Tennessee. Graduated from Bradley Central High School in 1996 and attended the University of Tennessee at Chattanooga, eventually earning a B.A. and M.A. in English. Hobbies include hiking, camping and fly-fishing. Interests include baseball, hockey and cliff jumping.

FCWA moves forward with the sale of “Old Quarry Property”

News

BLUE RIDGE, Ga. – The Fannin County Water Authority (FCWA) board moved forward with the sale of the “Old Quarry Property” that had been put out for the bidding process in October.

At the Nov. 15 meeting, the FCWA board members opened sealed bids that had been placed on the Old Quarry Property. This property, located on Old Quarry Road, was posted for sale on both the Fannin County Development Authority website and the Tennessee Valley Authority (TVA) Economic Development website.

The minimum bid was set at $160,000 with bid increments of $1,000. A winning bid of $276,000 was awarded by the board to T.G.F. Properties.

Fannin County, Georgia, Fannin County Water Authority, FCWA, Zach Ratcliff, Kay Kendall, Old Quarry Property, Development Authority, TVA Economic Development, Anita Weaver, Blue Bird Road, Dry Branch

The property located on Old Quarry Road includes an 8 acre pond.

The responsibility of proceeding with the purchase is now placed on the winning bidder. Chairwoman Anita Weaver explained, “They (T.G.F. Properties) know that they have to close by December 30, and they pay all of the closing costs.”

Weaver also clarified a motion that had been passed in the previous month’s meeting.

According to minutes from the meeting, “A motion was made by Jackie Self to sell the Kubota Excavator for $42,000 and the 2015 Ford Work Truck for $20,000 back to Fannin County and lease them back on an as-needed basis.”

Clarifying that the county had not agreed to purchase the equipment, Weaver stated, “Basically, what we wanted to do was offer it to the county if they were interested in it. I understand that they are not at the present time, interested in either one of the equipment … the truck or the trackhoe.”

If FCWA chooses to move forward with the sale of this equipment, both pieces could be sold through a bidding process.

Progress on the River Crest Lane extension is nearing completion. Representatives from T. Stanco, Inc. reported that water testing would be conducted shortly after the meeting, and that all piping had been installed. Once the samples were deemed acceptable and reported back, meters would be put in place.

Kurt McCord with Carter & Sloope Consulting Engineers updated the board on the progress of the Blue Bird Road extension. McCord reported that plans for the project were 70-75 percent complete. A materials inventory list is also near completion and bidding on materials can begin soon.

Once the plans for the Blue Bird Road extension are finalized, the permitting process can begin. That process is expected to take approximately two months. FWCA hopes to start this project by March 2018.

 

 

Fetch Your News is a hyper local news outlet that attracts more than 300,000 page views and 3.5 million impressions per month in Dawson, Lumpkin, White, Fannin, Gilmer, Pickens, Union, Towns and Murray counties as well as Cherokee County in N.C. FYNTV attracts approximately 15,000 viewers per week and reaches between 15,000 to 60,000 per week on our Facebook page. For the most effective, least expensive local advertising, call 706-276-6397 or email us at advertise@FetchYourNews.com

Author

Natalie Kissel

Natalie@FetchYourNews.com

Development Authority: Why will the McCaysville site not go away?

Featured Stories, News

Attend any Fannin County Board of Commissioners (BOC) meetings and it won’t be long before someone speaks up about county-owned property in McCaysville. What’s it all about? Why is this topic seemingly never ending? What was Project Orchard? (more…)

New Business Goes Rustic

Featured Stories, News

On June 13th, the Fannin County Development Authority had a special called meeting to approve a Georgia Cities Foundation Resolution for Jim and Karen Korzep. (more…)

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