City Council Minutes 1989 07 20 - Laserfiche WebLink

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other employees and their dedication to providing excellent service. Mayor Fauson presented them with a check for $100, a certificate and their names added to the Employee Recognition Plaque in City Hall. PRESENTATION/DISCUSSION - RECYCLE PROGRAM Mr. Huey was late in arriving and presentation was given at the end of the Agenda. APPROVAL OF CONTRACT/IMPROVEMENTS - MUNICIPAL PARKING LOT - STEINBAUGH HARDWARE CO. Stahl detailed a lease purchase agreement providing for a parking lot on Front Street owned by the Steinbaugh Hardware Co. The 1989 Sales/Use Tax Election proposal included acquisition and development of additional downtown parking. The two sites proposed for this were the Kraft parcel (south of the Fischer Building) and the former Steinbaugh Hardware Store and Lumber Yard located on the northeast corner of Spruce and Front Streets. This agreement calls for the acquisition of the 14,906 s.f. parcel at $10.50/s.f. The terms include 20~ down (from unbudgeted funds available in the 1989 CIP) and five annual payments including 8~ interest. The agreement provides for the removal of the 8 ft. wall (to be completed at the time the foundation area is filled) and replaced with an 8 ft. privacy fence, at City expense. The first phase improvement budget is for the parking area and include fence installation, replatting, fill and compaction of the old foundation area, installation of roadbase, and preliminary planning and engineering for the final phase of the parking lot construction. Anderson commented that he felt the negotiated price was substantial for a parking lot and felt that at some point in time as other parking became available at a lower price that the site could be used for future facilities expansion. Anderson stated that he understands the need and is in favor of the purchase.