Majors Management sought rezoning of a 33-acre tract for higher density residential development. Majors Management proposed to develop the property into 91 lots. Gwinnett County denied the rezoning request, which meant the property could only be developed into 33 one-acre lots. Majors Management sued Gwinnett County.
A year later, the Gwinnett County Commission voted 3-1 to approve the purchase of the 33-acre tract for $2.3 million – more than $69,000 per acre. The County’s acquisition of the property ends the lawsuit. But, not all are happy.
The commissioner who cast the dissenting vote calls the purchase, at $69,000 per acre, inexcusable.
The appraiser calls it incomprehensible.
“I don’t understand this,” said Larry Singleton of Singleton Real Estate in Woodstock. “I couldn’t sell that [property] for $69,000 an acre.”
The Commissioners reviewed appraisal valuing the property from $33,000 – $73,000 per acre.
County Commissioner Kevin Kenerly, who voted in favor of the purchase along with Commissioner Bert Nasuti and Commission Chairman Charles Bannister, said land appraisals for the entire area were “all over the board.”
Commissioner Mike Beaudreau, whose district includes the purchased property, said the wide range in appraisals should have convinced the commission that further study of the site was required.
Like Kenerly, Banister said he had studied appraisals for properties near the site and found them inconsistent. He said the proposal had been sitting around for months while the county faced the lawsuit. He added Gwinnett always has taken the lead in park development, and the decision was in the best interest of the county.