Start of 80-unit complex eyed in June

MDD okays $50,401 ‘forgiveable loan’ for water-sewer lines at Belton Avenue

The Rockdale Municipal Development District board has approved a $50,401 expenditure to assist what’s envisioned as the largest housing project in Rockdale in decades.

Meeting Thursday in regular session at City Hall, the MDD okayed a “forgivable loan” to Ingenious Living/End Game Development, which is planning to construct the Hunters Chase Senior Living Complex on East Belton Avenue.

Site work at the 17-acre parcel could begin as soon as next month.

Tom Manskey, MDD executive director, said the development company asked for the funds in connection with off-site expenses.

“Instead of a grant the board decided on a forgivable loan, meaning portions of the loan will be eventually forgiven as the company meets project milestones,” he said.

UPGR ADES—The company has made numerous trips to city council meetings over a two-year period, outlining its financing plans.

“Some of the things they are talking about now represent upgrades over what they’ve been planning,” Manskey said. “For instance, they are now planning central air conditioning and heating instead of window units.”

The 80-unit building will house one-bedroom and two-bedroom apartments.

K AY THEATRE—During Thursday’s session the MDD board approved a $5,000 “third phase” grant to the Kay Theatre Foundation to continue restoration work on that 1940s-era building.

Manskey said the grant will “virtually complete” restroom work at the old theatre, which is being renovated as a cultural and community center.

VISIONING’—A facilitated “community visioning” meeting will be hosted at the Patterson Center May 24 by the MDD.

“ Time is tentatively set at 5:30 p.m.,” Manskey said. “Everyone interested in moving Rockdale forward is urged to bring their positive ideas and attend,” he said.

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2012-05-03 digital edition

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