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[0:08]
You have to know the web address.
>> What was that?
[0:10]
» Do you know the web address?
>> How much?
[0:14]
» The web address.
>> Um, MMA in a timeout. I think you have
[0:20]
it, don't you?
>> I do. It's post.
[0:24]
Mama needs a timeout.
>> Yeah, I think it was on It was on crime
[0:27]
watch, too.
pink shirt.
[0:31]
» You can catch it there.
>> Just an opportunity to
[0:34]
» advertise.
[0:44]
All right.
Action. Action items. Authorization to
[0:49]
pay bills.
[0:54]
I have any questions?
[0:59]
Make a motion to approve the bill
payments.
[1:05]
» I have a motion by Councilman Zinc,
second by Councilman Ezy to authorize
[1:10]
bill payments.
[1:14]
» All in favor say I.
>> I
[1:18]
have it.
[1:24]
» Consider the dement of sale for 430
South Front Street, Columbia between
[1:29]
CEDC and the Burough.
[1:34]
I had a chance to throw that.
>> Yes.
[1:36]
» Yeah.
>> So, just to clarify, this is the old
[1:39]
wastewater treatment plant, correct?
>> Yes.
[1:42]
» I I have a question.
>> Sure.
[1:45]
» In in the agreement, it references
exhibit A and B, but in our packet,
[1:50]
exhibit A and B are both blank.
>> Yeah.
[1:54]
Um
[1:57]
» we will get those in the finalized
agreement. Yeah.
[2:01]
» Okay.
>> Yeah.
[2:03]
» Are they maps?
>> They are. Well, the first one is the the
[2:08]
legal description of the property and
the next one is the lease. So, it just
[2:11]
it's just a couple of of things. Yeah.
>> I just wanted to make sure that it's not
[2:16]
being signed with blank exhibits.
>> Yep.
[2:21]
So, you're saying you want them in?
>> We need to make sure they're included in
[2:27]
» what we said to the CDC for
>> signature.
[2:40]
I have any other questions?
>> Um, just you go ahead. I was just going
[2:46]
to say just to give some a brief
overview um just so for people who don't
[2:51]
have the packet in front of them um it's
planning to have the final closing on or
[2:57]
before March 31st
um and the current purchase price is for
[3:03]
uh $565,000
of the for that's for the wastewater
[3:07]
treatment plant. Um now this obviously
>> it's only half of it. It's the actual
[3:12]
» plant building, not
>> treatment side.
[3:15]
» The treatment side, not where public
works currently is.
[3:18]
» Yeah. And obviously the rest of the uh
agreement includes things like, you
[3:23]
know, there's certain provisions like
due diligence and taxes and stuff that
[3:27]
will be taken care of. But those are the
main uh two things I wanted to just
[3:31]
highlight for everybody.
[3:35]
» Thank you.
[3:40]
by letting you talk, you both answer my
question that I would have had, but I
[3:46]
was going to ask our lawyer just to tell
the public why we do this. Uh uh we only
[3:54]
use them just to complete the sale. Uh
there's no money that takes place as far
[4:00]
as the CEDC or anything like that.
>> There there will be a transaction. it
[4:08]
will be quick. Um, but yes, they are
they are being used because the law
[4:13]
allows us to sell it to them. Um, and
then sell it to a third party buyer.
[4:20]
When you have a when you have some a
very specialized property like this,
[4:25]
there are not I don't know if anyone
else is looking around, but there there
[4:28]
are not a lot of buyers for an old
wastewater treatment plant. Frankly,
[4:32]
that's just the the nature of this. And
so this this mechanism that's provided
[4:36]
for in the law allows us to sell it to
the EDC and get that property into the
[4:41]
best hands so that way get it to
somebody who's going to improve it to
[4:45]
put it back on the tax roles to help the
bureau bring in some some more cash flow
[4:49]
which is what we need.
>> Will CDC profit from this?
[4:55]
» Um I believe they will. Yes. The the way
that this is written they they would get
[5:00]
1% of the purchase price. So, not a lot,
just as a kind of a a fee for their
[5:07]
services that they've provided in this
and helping find a buyer.
[5:11]
» Okay. And did council ever find out what
the the company that's buying it, what
[5:18]
they subleas the garages for, how much?
Nobody seemed to care when I asked that
[5:24]
question before.
>> I don't know exact. I know that they are
[5:28]
subleasasing them. Frankly, I don't know
off the top of my head what they who
[5:33]
they are subleasasing them to. Um, but
at this point, the most important thing
[5:38]
for this Puro is to get this sale
completed. It's drugg on for obviously
[5:43]
far too long. You heard my updates
through um over the last several months.
[5:47]
So, um but yes, I think they they
certainly I think that's they are
[5:52]
subleasasing part of that property down
there. We know that. So,
[5:55]
» yeah. Um, from a legal standpoint,
uh, should council have to vote on
[6:02]
something like that?
>> Not if it's in the
[6:04]
» Not if it's in the lease. Yeah.
[6:09]
» Okay.
[6:12]
» Thanks, Frank. Oh, this is might be a
random question, but I just I realized
[6:17]
it when I was reading the thing here.
Why is
[6:23]
the Burrow of Columbia's address
>> that's a mistake
[6:28]
» 1200 corporate boulevard in Lancaster
>> is a mistake I will get that needs to be
[6:35]
changed yes
>> I was like there's probably a reason but
[6:37]
I don't know what it was
>> there is not a good reason I don't know
[6:42]
how that got in there yeah
>> um but yeah we I'll get that if you want
[6:47]
to make your motion with that
Yeah. Yeah. I did not catch that.
[6:56]
» I saw I'm like
EC CDC.
[7:01]
» Yeah, that was I think that was the old
address for the CDC and it got put up.
[7:06]
That's my fault. I will.
>> All right. Good.
[7:12]
» Sorry. I thought there was like some
other
[7:14]
» No, there's not. That should be 30. I
wanted to know.
[7:22]
» Any other questions or comments?
>> Can I get a motion?
[7:28]
» I'll make a You go ahead.
>> Make a motion to
[7:35]
» All right. Can I make a motion to uh
agree to the contract with the address
[7:43]
change
>> and
[7:46]
» the addition of exhibit A and yes
>> a second.
[7:53]
» Oh, I thought you were motion.
>> So move.
[7:56]
Okay. So, I have a motion by Councilman
Byer, second by Council Cooper
[8:04]
» to
uh
[8:08]
agree for the sale of 430 South Front
Street between CEDC and the Burrow
[8:16]
with the addition of the address change
and
[8:21]
uh Arb.
[8:26]
Any other questions, comments?
All in favor say I.
[8:33]
» I.
[8:41]
» At this time, we like to adjourn for
executive session to discuss a personnel
[8:45]
matter.