---
date: 2023-08-08
title: Citywide Development Authority Agenda Packet
source: 2023-08/2023-08-08_Citywide Development Authority_Agenda Packet.pdf
pages: 1
---

City of Stockbridge
Citywide Development Authority

STOCKBRIDGE Citywide Development
Development Authority Authority Meeting
Ariel Shaw, Chair
Agenda
Samantha Samuels, Vice Chair
August 8, 2023 6:00 PM
Dr. Cathy Hill, Secretary

Gadson Woodall, Treasurer

Mark Glenn, Board Member

Kalpesh Patidar, Board Member

Kim Allonce

Economic Development Director

Randi Rainey

Recorder STOCKBRIDGE CITY HALL

4640 NORTH HENRY BLVD.

STOCKBRIDGE, GA 30281

Website: www.stockbridgega.org

Phone: 770-389-7900

Fax: 770-389-7912
AGENDA
CITYWIDE DEVELOPMENT AUTHORITY MEETING
CITY OF STOCKBRIDGE
TUESDAY, AUGUST 8, 2023 6:00 PM

I. Call to Order
IV. Old Business
1. Review and Approval of July Meeting Minutes
V. New Business
2. GA Power Econ Development Presentation
3. Chair Updates- Retail Strategies, Incentive List, September Broker/
Investor Event, Website & Collaterals, MOU, Training Opportunities
4. Economic Development Update – DA Director
5. Finance & Budget Update – Gadson Woodall, Treasurer
VI. Executive Session (if needed)
VII. Adjourn
Page |1

CITY OF STOCKBRIDGE
DEVELOPMENT AUTHORITY
REGULAR MEETING
SUMMARY MINUTES
Tuesday, July 11, 2023 6:00 P.M.

Ariel Shaw, Chair Mark Glenn, Board Member
Present Present

Samantha Samuels, Vice-Chair Kalpesh Patidar, Board Member
Absent Absent
Dr. Cathy Hill, Board Member- Gadson Woodall, Treasurer
Secretary Present
Present
Vacant – Board Member

Other Guest in attendance: Kim Allonce, Economic Director, and Attorney
Winston Denmark of Fincher Demark LLC.
Chairwoman Shaw called the meeting to order at 6:18 P.M.
Board Member Dr. Hill made a motion to amend the agenda to remove item C
under New Business and place it on the next meeting’s agenda. The motion was
seconded by Board Member Glenn. The motion passed unanimously.

Old Business
Review and Approval of June Meeting Minutes
Board Member Dr. Hill made a motion to approve the June minutes with
corrections made. The motion was seconded by Board Member Glenn. The motion
passed unanimously.

IGA Update from Attorney
Location: Stockbridge City Hall 4640 North Henry Blvd. Levi Meeting Room Stockbridge, GA 30281
Page |2

Attorney Denmark noted creating the third version of the Intergovernmental
Agreement (IGA) with adding provisions the board would like to include and
asked the board to review the most recent draft. Attorney Denmark noted adding
under Section 1.1- Appointment as Principle Economic Development Agency, to
allow the Citywide Development Authority (CDA) to become the principle and not
exclusive Economic Development Agency. Mr. Allonce, Economic Development
Director noted clarifying the word “Principle”. Attorney Denmark noted cities has
the option of creating or not creating a Development Authority or using city staff
to complete deals with businesses. Attorney Denmark also noted city departments
are not a separate agency and is apart of the city; the “principle” refers to a separate
agency such as the Development Authority. Mr. Allonce noted having several
agencies such as the Development Authority, Public Facilities Authority, and the
Urban Redevelopment Authority; noted having the Citywide Development
Authority as the “principle” put the other boards at a lower level. Attorney
Denmark noted the Citywide Development Authority should be the “principle” due
to it being citywide.

Board Member Dr. Hill inquired about Section 1.2-Economic Development
Services and Related Activities and noted wanting a firm understanding of the
things listed in Section 1.2 and inquired if it’s an effort in describing everything the
city agrees for the authority to do. Attorney Denmark noted adding language
“including without limitation” to the section for clarity.

Chairwoman Shaw inquired on the advantage of entering a lease. Attorney
Denmark noted it could be as simple as not wanting to transfer a title or may not
want the property forever.

Chairwoman Shaw noted wanting to be an asset to the city and wants to be able to
collect certain impact fees; noted looking at different cities impact fees.

Attorney Denmark noted receiving suggestions for Section 2.1-Annual Budget
Appropriations, noting the board needs to make sure to ask for a sufficient budget
from Council and recommended requesting a budget between $125,000-$200,000.
Attorney Denmark noted in Section 2.2- Additional Funding noting the board
should not go below $50,000 and to have discretion when working with the finance
department. Chairwoman Shaw noted to not go lower than $100,000 and
mentioned the board would not be able to complete deals for less than $20,000.
Attorney Denmark suggested to discuss the funding numbers and take before
council.

Attorney Denmark noted under Article 4- Projects, noting to make sure the city is
aware of deals made through the Citywide Development Authority. Attorney
Location: Stockbridge City Hall 4640 North Henry Blvd. Levi Meeting Room Stockbridge, GA 30281
Page |3

Demark noted under Section 4.2-Reconveyance of City-Owned Property, noting if
property has not been active for some time, the city can get back the property
dollar for dollar of what it was purchased for and not fair market value.

Attorney Demark suggested the board spend time looking over the
Intergovernmental Agreement (IGA) and call if they have any questions.

Mr. Allonce noted the Downtown Development Authority’s Intergovernmental
Agreement (IGA) went before council for approval on July 10, 2023 which did not
get approved; noting the removal from the agenda to give the attorneys more time
to work out the details.

Chairwoman Shaw noted to add immunity of members and the Clerk’s certificate
to the Intergovernmental Agreement (IGA) like the the Downtown Development
Authority (DDA) has in their Intergovernmental Agreement (IGA).

Board Member Dr. Hill inquired about the next steps. Attorney Denmark noted
once the Intergovernmental Agreement (IGA) is approved by the board, the next
steps are to engage with the city’s attorney and will bring the Intergovernmental
Agreement (IGA) back to the board to see what the city wants to include.

Chairwoman Shaw asked about section 3.2-services to the city, and wanted to
know if the chair would provide quarterly reports to mayor and council. Mr.
Allonce stated that would being the goal moving forward.

Marketing Video Update & Website
Chairwoman Shaw mentioned the city updating their website; noted the marketing
video is almost complete and will have the first draft by Friday, July 14, 2023;
noted wanting a full website with a landing page.

Mr. Allonce noted he would meet with It Simple, the website designer on Monday,
July 17, 2023; noted exploring the opportunities to have a micro site.

Chairwoman Shaw stated needing a more robust page to add the marketing video
and city properties.

Board Member Glenn inquired about the focus of the website. Chairwoman Shaw
noted to promote the marketing video, show the city properties, and adding
incentives.

Location: Stockbridge City Hall 4640 North Henry Blvd. Levi Meeting Room Stockbridge, GA 30281
Page |4

New Business
Chair Update: Development Update, State Partners Update, Training
Opportunities, Letter to Council, Citywide Vacant Property List and Update, MOU
Development Update: Chairwoman Shaw noted being approached by a few
businesses and she has requested proposals, once the proposals are in, they will be
shared with the board. Chairwoman Shaw noted the industries are medical
residential and mixed-use.

State Partners Update: Chairwoman Shaw noted reaching out to State level
partners and spoke with Georgia Power who will provide placer AI. Mr. Allonce
added providing Georgia Power with city owned parcels and GIS files for the city
boundaries to be able to look at traffic for retail purposes.

Chairwoman Shaw noted providing the board with a vacant property list owned by
the city.

Training Updates: Chairwoman Shaw noted sending out training opportunities with
University of Georgia; noted printing and providing a list of training opportunities
for $250/person and anyone was interested to submit their request.

Chairwoman Shaw noted the next training would be in August.

Letter to Council: Chairwoman Shaw noted sending the letter out to Council on
July 10, 2023; noted attending the July 10th city council meeting along with a few
other board members. Chairwoman Shaw mentioned there was a request to have
the Henry County Development Authority have an exclusive retail strategy
agreement with all cities in the county, the city of Hampton declined. Chairwoman
Shaw noted they are exploring other options and will keep the board updated.

Board Member Dr. Hill inquired about the action of the council. Chairwoman
Shaw noted the motion failed and the item would come back later for more
discussion.

Mr. Allonce stated the city manager provided background information to council
noting the Henry County Development Authority asked to partner with cities to
hire a firm to do a county wide retail strategy study.

Board Member Dr. Hill noted reading the letter and aligning with communication
and inquired on how statements are made on behalf of the board. Attorney
Denmark noted having to look at the by-laws; noted if there are any concerns to
have the board look at the by-laws and amend to address any concerns.

Location: Stockbridge City Hall 4640 North Henry Blvd. Levi Meeting Room Stockbridge, GA 30281
Page |5

MOU: Chairwoman Shaw noted finding out about a program with funding through
the Department of Treasury through the Department of Community Affairs and
stated conversing with a lender who has a program with funding for Georgia that
has $200 million allocated from the Department of Treasury. Chairwoman Shaw
stated wanting to establish a Memorandum of Understanding (MOU) to have the
ability to help those who are looking to bring development into the city who wants
to be connected to a lender who would not be an exclusive lender, but a preferred
lender.

Economic Development Update- DA Director
Mr. Allonce noted council approved the contract for the economic strategic plan
and will be working with KB Advisory Group with a 7-month timeframe. Mr.
Allonce noted hosting a follow-up meeting Thursday to discuss Economic
Development Marketing Strategy on July 13th at 2:15pm via zoom; noted hosting a
webinar July 20th at 6pm to discuss business programs and grants approved by
council last month. Mr. Allonce noted Main Street will be hosting an information
session Thursday, July 13th at 6pm to discuss small business blitz. Mr. Allonce
noted creating a citywide façade program called small business façade and building
improvement program; noted the program will provide $10,000 or 50% which ever
is lesser of improvements. Mr. Allonce mention the program will cover exterior
lighting, signage, canopy, awnings, Artscape, improvements visible from right-a-
ways, landscaping, outdoor seating and dinning and ADA improvements. Mr.
Allonce noted that Upskill Stockbridge is a workforce development program in
partnership with Southern Crescent Technical College that allows Stockbridge
residents to receive a $500(1 term completed)-$1000 (2 terms completed) stipend
from the city if they successfully complete a training program at Southern Crescent
Technical College. Mr. Allonce noted that the targeted industries areas are
electronics, movie production, etc. and will be working on a signing ceremony set
for July 25th at 5:30pm with the president of Southern Crescent Technical College.
Mr. Allonce stated ARPA funding will fund between 20-25 students with financial
aid being available through the school and students will also have to complete a 2-
hour seminar called Live, Learn, Work, Play in the Southern Crescent.

Chairwoman Shaw inquired on the industries. Mr. Allonce noted Allied Health,
Automotive technologies, aviation, computer technology, early childhood care and
education, electrical alignment technology and movie production.

Adjourn
Board Member Glenn made a motion to adjourn the meeting at 8:06 pm. The
motion was seconded by Board Member Dr. Hill. The motion passed unanimously.
Location: Stockbridge City Hall 4640 North Henry Blvd. Levi Meeting Room Stockbridge, GA 30281
Page |6

Minutes prepared by: Randi Rainey, Deputy City Clerk
Location: Levi Meeting Room
Stockbridge City Hall 4060 North Henry Blvd. Stockbridge, GA 30281

Location: Stockbridge City Hall 4640 North Henry Blvd. Levi Meeting Room Stockbridge, GA 30281
City of Stockbridge 2023
Citywide Development
Authority

SELECT
STOCKBRIDGE.
CITYWIDE STOCKBRIDGE
DEVELPOPMENT AUTHORITY
INVEST. GROW. PROGRESS.
MISSION AND VISION
MISSION: THE CITY OF STOCKBRIDGE CITYWIDE DEVELOPMENT AUTHORITY
(SDA) IS DEDICATED TO STIMULATING & SUSTAINING ECONOMIC
DEVELOPMENT AND QUALITY GROWTH, IN AND THROUGHOUT THE ENTIRE
CITY OF STOCKBRIDGE.

VISION: THE CITY OF STOCKBRIDGE CITYWIDE DEVELOPMENT AUTHORITY
(SDA) VISION IS TO IMPROVE THE QUALITY OF LIFE FOR ITS CITIZENS,
FOSTER QUALITY ECONOMIC GROWTH, AND SUSTAINABILITY, WHILE
SUPPORTING THE CITY TO CULTIVATE AN ECONOMICALLY VIABLE CITY
WHERE ITS CITIZENS CAN LIVE, WORK, AND PLAY.

THE AUTHORITY WAS CREATED FOR THE PURPOSE, AMONG OTHER THINGS, OF
PROMOTING AND FURTHERING THE PUBLIC PURPOSE OF DEVELOPING TRADE,
COMMERCE, INDUSTRY AND EMPLOYMENT OPPORTUNITIES
ABOUT
STOCKBRIDGE
The City of Stockbridge is located in the northern part of Henry
County, Georgia and is a part of the greater Atlanta
Metropolitan Region. Located just 20 miles south of Atlanta
and 12 miles east of Atlanta Hartsfield-Jackson International
Airport, Stockbridge is often recognized as the gateway to
Henry County and the South Metro Region. With a highly
educated and diverse workforce, Stockbridge is becoming one
of the top destinations for healthcare, entertainment, and
more. With top companies and employers, such as the anchor
Level 3 Trauma Center, Piedmont Henry Hospital, Emory
Healthcare, Regenerative Orthopedics & Spine Institute, The
International German Company, HEGLA and The International,
Vulcan Materials Company. Also coupled with a dynamic small
business community, Stockbridge is on the move!

Promoting Health & Wellness, Stockbridge has the ultimate
premier Golf Course in all of South Atlanta, Eagles Landing Golf
Course, previous home to the Chick-Fil-A LPGA Tournament
and is home to several walkable trails.

The Stockbridge Amphitheater, designed by the leading H.J.
Russell and Company, boasts over 3600 premium seats,
amplified sound, and brings in some of the best world-
renowned talent and hottest artists of all genres throughout
the Atlanta South Metro Region, right to Stockbridge, Georgia.
CITY OF STOCKBRIDGE
The City is home to some of the most affluent and renown athletes, Stockbridge has also been featured in several Box Office Hits
such as The Black Panther Movie, Fast and Furious 7 and the television series, Stranger Things.

The County’s first $40 Million Dollar State of the Art STEM High School is also being built in the heart of the City of Stockbridge,
GA, promoting and attracting the best academic, science, technology, and engineering talent.

The ancestral home of the Martin Luther King, Sr., The City of Stockbridge has a deep cultural history intertwined with a dynamic
and growing future.

Select Stockbridge for your business and commercial needs. Select Stockbridge for your live, work, and play. Select
Stockbridge.
$61,939 34%
Median Income of Stockbridge Demographic with Bachelors Degree or
Residents: $61,939 Higher

$204,100
Median Value of Home $204,100
66.4% Black
21.3% White

CITY DEMOGRAPHICS
SNAPSHOT
STOCKBRIDGE
AMPITHEATER
The Stockbridge Amphitheater, designed by the leading H.J. Russell and Company, boasts over 3600 premium seats, amplified
sound, and brings in some of the best world-renowned talent and hottest artists of all genres throughout the Atlanta South Metro
Region, right to Stockbridge, Georgia.
HEALTHCARE
IS ON THE
RISE
With top companies and employers, such
as the anchor Level 3 Trauma Center,
Piedmont Henry Hospital, Emory
Healthcare, Regenerative Orthopedics &
Spine Institute, Stockbridge is the
Healthcare EpiCenter of the South Metro.
“In the South Metro Atlanta area,
Stockbridge stands out as a leading
retail spending destination, meeting
many of the needs of residents and
attracting outside visitors to spend
on goods and services inside the
Stockbridge City Limits “

GEORGIA TECH REPORT
CITY
Easy, Streamlined, and Expedited Process to do
business with The City of Stockbridge Development
Authority (remove bottlenecks with city permitting)

INCENTIVES Tax Abatement The Authority will work with a
The City of Stockbridge will waive occupation prospective economic development project to offer a tax
taxes for up to three (3) years for new abatement that will reduce property taxes over a multi
businesses. The purpose of the City of year period.
Stockbridge New and Emerging Business Tax
Waiver Program is to encourage or maintain
select businesses or practitioners of certain Business Services Initiative allowing the Workforce
types of occupations or professions in the city of Development Division to establish employment
Stockbridge. (Specific industry) partnerships with private and public sector companies to
meet the company’s employment needs.
Façade Grant: A grant program, generally a
matching grant, administered through the
Film Industry Credits in exchange for “Made in
municipality that allows small businesses in
Stockbridge, GA” Credits in Film and 5% of industry jobs
designated areas to apply for funding for façade
allocated to Stockbridge residents to include but not
and other property improvements.
limited to design jobs, writing jobs, AV jobs and more. . C
CITY The Small Business Improvement Grant

INCENTIVES program exists to support local small
businesses and commercial property owners
located in the City of Stockbridge Tax Allocation
Revolving Loan Fund (RLF): Created after a Districts (TADs)
municipality receives a Community
Development Block Grant (CDBG), the RLF is TAD, sometimes called a TIF (tax increment
used for lower interest rates, lease rates, etc. to financing), is a financing incentive tool in which
provide capital for small businesses and expand bonds are issued to pay for infrastructure and
economic opportunity. other improvements in a designated area. These
bonds are repaid by increases in property
values (and corresponding property ‘tax
increments’) from that area.
FEDERAL & Job Tax Credit – $1,750 per new job created, minimum 15
new jobs, that can offset 50% of a company’s income tax

STATE
liability.

High-Paying Job Creation Tax Credit – Companies may

INCENTIVES receive Quality Jobs Tax Credits (QJTC) if they create and
maintain net new jobs that pay at least 110% of the city’s
Federal New Markets Tax Credits (NMTC). average wage.
The NMTC program aims to attract private
investment to underserved neighborhoods and Film, Television, and Digital Entertainment Tax Credit
financially support catalytic projects that provide Film and television companies may receive a tax credit of
services or create quality jobs. up to 30% of money spent on production and post-
production in Georgia, either in a single production or on
Investment Tax Credit –Manufacturing and multiple projects. The minimum spending amount is
telecommunications companies may receive up $500,000. Companies producing feature films, television
to 3% credit toward 50% of their tax liability by series, music videos, commercials, interactive games, or
making a minimum $100,000 investment in a animation may qualify.
new or existing facility in Georgia.
FEDERAL &
Small Issue Bonds for Manufacturing - Small issue
private activity bonds may be issued on a tax-exempt
basis for property and facilities used in the manufacturing,

STATE production, or processing of personal property and on-
site, related, and ancillary facilities including office space.

INCENTIVES
Note that no more than 25% of the bond monies may be
applied to such ancillary facilities. Limited by IRS
regulations to a project that costs no more than $10
million.
Georgia’s Entertainment Industry
Investment Act provides a 20% tax credit for
Industrial Revenue Bonds (IRBs): IRBs are municipal
companies that spend $500,000 or more on
debt securities issued by a government agency on behalf
production and post-production in Georgia,
of a private sector company and intended to build or
either in a single production or on multiple
acquire factories or other heavy equipment and tools at
projects. The state grants an additional 10% tax
lower-than- market costs.
credit if the finished project includes a
promotional logo provided by the state. If a
company has little or no Georgia tax liability, it
can transfer or sell its tax credits.
MIXED USE
The Bridges at Jodeco is a 158-acre
mixed-use project featuring best-in-
class shopping, entertainment, and
dining along with high-end
apartments and townhomes. Located
at the intersection of Jodeco Road
and I-75 in Henry County. Largest
remaining tract of undeveloped land
adjacent to I-75 in Henry County, just
south of Atlanta
WHY INVEST IN
STOCKBRIDGE NOW?
The City of Stockbridge is at the pinnacle of progress and urban development to
support a growing and highly educated workforce. It iis the prime time to invest
in the City Of Stockbridge.

The Authority was created for the purpose, among other things, of promoting
and furthering the public purpose of developing trade, commerce, industry and
employment opportunities. Let us help you be a part of the fastest growing city
in the U.S.
THANK YOU!
for more information
please visit
www.selectstockbridge.com
MEMORANDUM OF UNDERSTANDING

This Memorandum of Understanding (“MOU”) is entered on this ___ day of __________,
2023, by and between the Stockbridge Citywide Development Authority and Carver State Bank
(collectively, “the Parties”).
WHEREAS, Carver State Bank is a duly licensed financial and banking institution doing
business in the State of Georgia (“the Bank”); and
WHEREAS, the Stockbridge Citywide Development Authority (“the Authority”) is a “public body,
corporate and politic” instrumentality established pursuant to the Official Code of Georgia
Annotated (“O.C.G.A.”), §36-62-1, et seq., (the “Development Authorities Law”), created for the
purpose of developing and promoting, for the public good and general welfare, trade,
commerce, industry, and employment opportunities, within the City of Stockbridge (collectively,
“economic development”); and
WHEREAS, as part of the process of implementing the Authority’s strategic plan and vision for
economic development in the City of Stockbridge, the Authority and the Bank hereby agree to
collaborate, on an on-gong non-exclusive basis, to foster economic development and business
opportunities for persons desiring to do business within the City of Stockbridge; and
Shared Commitment
This MOU reflects the Authority and the Bank’s shared commitment to strengthen inclusive
economic growth and generate businesses and employment opportunities within the City of
Stockbridge.
The Parties recognize that this cooperation and collaboration between will reinforce private-
sector led growth in the City of Stockbridge, foster job creation and support inclusive economic
development opportunities.
Without prejudice to the possibility of each Party to collaborate with other entities or parties in
the same or similar fields covered by this MOU, the cooperation and collaboration between the
Parties will be in areas which constitute common interest to the Parties and will take place within
the scope and limits of their respective constitutional instruments, mandates, policies and
priorities.
This partnership is expected to result in the development of micro, small, and medium business
enterprises with a priority on minority and women-led entrepreneurship, generate high-value
jobs and support businesses to generate revenue and sales opportunities within the City of
Stockbridge.
Nature of Collaborative Relationship
The purpose of this MOU is to provide a general framework to facilitate collaboration and
cooperation between the Parties in matters of common interest to extend and promote
development the following goals and strategies:
1. Maintain and establish a working dialogue between the Parties to facilitate the
development of minority and women-led business enterprises and entrepreneurships within the
City of Stockbridge.
2. Conduct monthly {routine; quarterly; regular} workgroup meetings to address
intervention and outreach strategies to meet the needs of individuals seeking to develop
business enterprises and entrepreneurship opportunities in the City of Stockbridge.
3. Designate and task team members to advocate for the opportunity to access
resources needed to develop business enterprises and entrepreneurship opportunities in the
City of Stockbridge.
4. Provide education, training and orientation to individuals seeking to invest in business
enterprises and entrepreneurship opportunities in the City of Stockbridge.
5. Identify resources funds, grants, and other intermediaries necessary to aid in the
development of micro, small, and medium business enterprises with a priority on minority and
women-led entrepreneurship opportunities within the City of Stockbridge.
6. Develop Market and Project Feasibility Analysis Templates to be used in
consideration of financial investment of preferred business enterprises within the City of
Stockbridge.
7. Coordinate jointly sponsored Community Meetings intended to convey a message of
receptiveness and to build a coalition of support with key stakeholders (both internal and
external) at key stages of the process of fostering business and economic development
opportunities. The Parties will make reports to a group of internal and external stakeholders that
may include:
▪ Public and Private Sector Leaders from the City of Stockbridge;
▪ Community and Neighborhood Representatives, Businesses and Agencies;
▪ Founders and Intermediaries of the Bank and related institutions.

8. {To Be Inserted by Parties, if needed}

9. {To Be Inserted by Parties, if needed}

10. {To Be Inserted by Parties, if needed}

Consultation and Sharing of Information
Within the limits established by their respective organizational structures and mandates, the
Parties intend to:
a. Consult each other and exchange views on matters and activities of mutual interest in their
respective areas of operations;
b. Share information for the purpose of working together in order to contribute to private sector
development in the City of Stockbridge;
c. The Parties intend to collaborate in the area of their respective expertise in business and
financial development, notably with regards to public-private partnerships;
d. The Parties intend to reciprocally facilitate liaison with relevant institutions to foster
networking opportunities related to business and financial development in the City of
Stockbridge;
e. The Parties thus intend to work together to facilitate the financing arrangements (grants,
loans, etc.) related to their shared commitment to promote business and entrepreneurship
opportunities in the Cit of Stockbridge; public-private partnerships through financing;
f. The Parties intend to share visibility on those programs and activities where they work
together to fulfill their Shared Commitment. Such visibility may include use of their respective
logos; the issuance of press releases and other joint publications.

Term of Agreement
This MOU shall be terminable at will by either party at any time upon written notice, with or
without cause.

[SIGNATURES ON FOLLOWING PAGE]
IN WITNESS WHEREOF, the Parties have executed this Memorandum of Understanding as of
the date first written above:

Stockbridge Citywide Development Authority
By: ___________________________
Its: Chair

Carver State Bank
By: _____________________________
Its:
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Website Proposal for the Development of
Stockbridge, Georgia

By: Golden Orb Business Consulting
goldenorbconsulting.com
info@goldenorbconsulting.com
Project Overview: The development of a website for the city of Stockbridge, Georgia, designed
to showcase its potential, resources, and opportunities for residents, businesses, and investors.
The website will consist of up to 10 webpages, potential pages may include: property listings,
homepage, about page, Do Business Here Page, Contact Page, Resources and Data Page, and
Industry Page.

Potential Webpages and Features:

a. Homepage: Engaging and informative introduction to Stockbridge's unique features and
advantages, with a visually appealing design to capture user interest.

b. About Page: An overview of Stockbridge's history, culture, and values, highlighting its
growth potential and key attributes.

c. Do Business Here Page: Dedicated to promoting Stockbridge as an ideal location for
businesses, offering information about incentives, infrastructure, and business-friendly
policies.

d. Property Listings: A user-friendly property listing section where users can explore
available real estate options in Stockbridge, complete with high-quality images,
descriptions, and contact information.

e. Contact Page: An easy-to-use contact form and contact details for inquiries, feedback,
and collaboration opportunities.

f. Resources and Data Page: Curated resources, data, and reports that offer insights into
Stockbridge's economic indicators, development plans, and investment prospects.

g. Industry Page: Highlighting the key industries thriving in Stockbridge, including
testimonials, success stories, and industry-specific information.

Design and Development: We will ensure a responsive and visually appealing design that
reflects Stockbridge's identity and vision. The website will be built using modern web
development practices, ensuring compatibility across various devices and browsers.

Client Deliverables: In order to facilitate the prompt completion of this project, the client will
provide the following at beginning of the project:

a. Page Content: If the client desires the without content option, the client will provide at
a minimum, an outline of topics and talking point for each page. If the client prefers,
they can provide complete, finished content and all necessary images.

1. Desired Select Images: We can provide stock images for use on the website.
The client will provide any specific images of the City, buildings, events,
people or facilities.

2. Access to Information: The client will provide the necessary information
required to access and/or imbed property listings and any other necessary
data.

Hosting and Maintenance: We will provide monthly hosting, SSL certificates and maintenance
services to keep the website updated, secure, and optimized. This includes regular backups,
software updates, security enhancements, and technical support. We include up to 3 hours of
maintenance and updates per month. Additional maintenance and updates are $45 per hour.

Payment Structure: Our proposed payment structure is as follows:

a. 50% Upfront: To initiate the project, covering initial design and development costs.

b. 25% Mid-Point: After completion of the initial webpages and features, prior to
further development.

c. 25% at completion: Upon final delivery, before the website goes live.
Quotation:

With Content:

1. Website Development: $5,000

2. Property Listings Integration: $500
3. Total Cost: $5,500

Without Content:

4. Website Development: $5,000

5. Property Listings Integration: $500
6. Content Creation (optional): $1,500

7. Total Cost: $7,000

Maintenance: Monthly Hosting and Maintenance: $250/month. This includes up to 3 hours of
maintenance and site updates per month. Additional maintenance provided at $45 per hour

Timeline: The estimated timeline for project completion is approximately 6 weeks, subject to
content availability and revisions.

We believe this website will serve as an invaluable tool to promote Stockbridge's growth and
development. Thank you for considering our proposal. We look forward to the opportunity to
bring this vision to life.

Please let us know if you have any questions or need further clarification.
