Dunwoody city officials have agreed to buy about 24 acres on North Shallowford Road and plan to use the land for parks and road improvements, the city has announced.
The city agreed to pay nearly $7 million for the property, the city said in a press release. It will pay $1.4 milion for 5.2 acres at 4471 North Shallowford Road and $5.5 million for 19 acres at 4553, 4555 and 4575 North Shallowford, the press release said.
The property at 4471 North Shallowford will be used to extend Peachford Road to a new end point at Dunwoody Park Drive, the city said. The 19 acres at 4553, 4555 and 4575 North Shallowford will be used for parkland, the city said.
Money for the purchase of the 5-acre parcel will come from the city’s cash reserves, the city said. Money for the 19 acres is contingent on passage of the city’s planned $33 million parks bond. Dunwoody residents are to vote on the proposed bond issue in November.
The city also agreed to reimburse the seller, American Medicorp, $600,000 for the cost of demolition of buildings on the former Emory Hospital site.
Dunwoody City Council will hold a public hearing on the purchase during its regular council meeting Aug. 22.