MILTON, Ga. — The due diligence period for the city’s potential purchase of the Milton Country Club was extended in a special called City Council meeting last Thursday. Originally contracted to end on Dec. 15, the due diligence deadline was pushed back to Dec. 29.
Communications Manager Shannon Ferguson said the timeline was extended to allow the city more time to inspect the site.
The snowy conditions over the weekend of Dec. 8-10 created difficulties in surveying the 137-acre site, including its facilities that could remain if the purchase goes through.
During the due diligence period, the city will conduct a land survey, appraisal and Phase I environmental assessment.
The city’s potential acquisition of Milton Country Club would be the first with funds from the $25 million Greenspace Bond referendum, passed by residents last November. The city plans to use the site, located off Dinsmore Road and running parallel to Chicken Creek, for greenspace.
Under contract, the purchase price is $5 million, or about $36,000 per acre.
The site also includes tennis courts, a pool and other facilities. The city will negotiate with the sellers, Milton Interests, LLC, on what facilities, if any, will be included if the city elects to complete the purchase.