Politics & Government

Deal Closed for 'PVC Farm' Property, Now Owned by City

Purchase of 16 acres for $5 million is complete

The City of Dunwoody closed on the 16-acre 'PVC Farm' property late last week, finalizing the $5 million purchase of the property at 4000 Dunwoody Park Dr.

The property is one of the main focal points of the City’s Georgetown/ North Shallowford area Master Plan which was adopted earlier this year.

The $5 million purchase is financed through the Georgia Municipal Association lease/purchase program, the city said. RBC Bank is providing the financing over seven years for a fixed tax-exempt, bank-qualified 2.2 percent interest rate. Although the purchase could be made from existing reserves, as the City has more than $7 million in reserves, the council voted to finance the purchase in order to keep healthy cash flow reserves, the city said.

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Through  Georgetown/North Shallowford area master planning and the previous Comprehensive Land Use Plan, city officials said they received extensive feedback and input from the community indicating this property could better serve the community as a park, civic or institutional use, as well as a possile future public/private venture.

The city will be working to chop and cap all the PVC pipes currently sticking out of the ground to make the site usuable.

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Dunwoody will be working with the public to further investigate all potential uses of the property outlined in the Master Plan, the city said.

A community celebration is being planned for later this fall.


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