What is the state of Peachtree City at the start of 2021? Rather well, considering, Mayor Vanessa Fleisch said in her annual address to city council on Jan.21.
“Thanks to a lot of issues, trials and hardships we as a city have done very well, all things considered,” Fleisch said last Thursday.
Despite an economy ravaged by Covid since the first quarter of the year, “Our finances are the strongest they have been in 20 years,” Fleisch said, following the city’s “cautious” budget adjustments to from last March as the pandemic began to affect the city and state.
The council has “reinvested in Peachtree City,” Fleisch said, which has returned the city to its status as “the place to be south of Atlanta.” She cited the repaving of city streets and special attention to maintaining infrastructure such as sites sports as examples of reinvestment.
Mayor Vanessa Fleisch talks about the state of the city’s finances. Photo / Cal Beverly.
In what she called her last city state, Fleisch touted rebounding commercial vacancy rates: 6.7% for retail, 9.6% for offices and 2.3% for properties industrial, “which is great,” she says.
When it comes to residential property values, Fleisch – herself a real estate agent – said the average selling price for a home in Peachtree City in 2020 was $ 458,846, while the median price was $ 400,000. $. The median means that half was above and half below this mark.
She noted that “it is an election year in Peachtree City,” with two council positions and the post of mayor in the non-partisan ballot in November.
“This is the last time I am speaking to you because term limits prevent me from running again,” Fleisch said. She has served on the council and served two terms as mayor.
Also in the municipal ballot on November 5, there will be two council seats: position 3, now held by Kevin Madden, who is in his first 4-year term; and post 4, now held by Terry Ernst, two terms, which is limited for one term again.
In another action on Jan.21, council approved a rezoning to allow 20 upscale condos and four working condos live in the mixed-use development at 105 Petrol Point.
The change to the limited use commercial space (LUC-32) “replaces 10 single-family lots in the southwest corner [of the 8.8 acre tract] with two condominiums, each of 3 floors with 10… units, 2 direct work units on the ground floor and a covered underground car park ”, states the council package.
Render of the Laurel Brook condo building. Town of Peachtree City.
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