1 00:00:08,080 --> 00:00:13,599 You have to know the web address. >> What was that? 2 00:00:10,480 --> 00:00:16,320 » Do you know the web address? >> How much? 3 00:00:14,639 --> 00:00:21,760 » The web address. >> Um, MMA in a timeout. I think you have 4 00:00:20,640 --> 00:00:25,519 it, don't you? >> I do. It's post. 5 00:00:24,240 --> 00:00:28,800 Mama needs a timeout. >> Yeah, I think it was on It was on crime 6 00:00:27,519 --> 00:00:32,160 watch, too. pink shirt. 7 00:00:31,199 --> 00:00:37,239 » You can catch it there. >> Just an opportunity to 8 00:00:34,239 --> 00:00:37,239 » advertise. 9 00:00:44,559 --> 00:00:53,320 All right. Action. Action items. Authorization to 10 00:00:49,920 --> 00:00:53,320 pay bills. 11 00:00:54,239 --> 00:00:57,719 I have any questions? 12 00:00:59,680 --> 00:01:04,199 Make a motion to approve the bill payments. 13 00:01:05,360 --> 00:01:13,479 » I have a motion by Councilman Zinc, second by Councilman Ezy to authorize 14 00:01:10,240 --> 00:01:13,479 bill payments. 15 00:01:14,720 --> 00:01:21,799 » All in favor say I. >> I 16 00:01:18,720 --> 00:01:21,799 have it. 17 00:01:24,000 --> 00:01:34,040 » Consider the dement of sale for 430 South Front Street, Columbia between 18 00:01:29,600 --> 00:01:34,040 CEDC and the Burough. 19 00:01:34,640 --> 00:01:37,840 I had a chance to throw that. >> Yes. 20 00:01:36,960 --> 00:01:41,200 » Yeah. >> So, just to clarify, this is the old 21 00:01:39,439 --> 00:01:43,840 wastewater treatment plant, correct? >> Yes. 22 00:01:42,400 --> 00:01:48,399 » I I have a question. >> Sure. 23 00:01:45,520 --> 00:01:53,280 » In in the agreement, it references exhibit A and B, but in our packet, 24 00:01:50,880 --> 00:01:57,720 exhibit A and B are both blank. >> Yeah. 25 00:01:54,720 --> 00:01:57,720 Um 26 00:01:57,920 --> 00:02:01,920 » we will get those in the finalized agreement. Yeah. 27 00:02:01,439 --> 00:02:05,600 » Okay. >> Yeah. 28 00:02:03,920 --> 00:02:09,679 » Are they maps? >> They are. Well, the first one is the the 29 00:02:08,080 --> 00:02:14,160 legal description of the property and the next one is the lease. So, it just 30 00:02:11,680 --> 00:02:19,599 it's just a couple of of things. Yeah. >> I just wanted to make sure that it's not 31 00:02:16,480 --> 00:02:24,800 being signed with blank exhibits. >> Yep. 32 00:02:21,840 --> 00:02:30,080 So, you're saying you want them in? >> We need to make sure they're included in 33 00:02:27,760 --> 00:02:33,080 » what we said to the CDC for >> signature. 34 00:02:40,160 --> 00:02:48,879 I have any other questions? >> Um, just you go ahead. I was just going 35 00:02:46,879 --> 00:02:54,560 to say just to give some a brief overview um just so for people who don't 36 00:02:51,440 --> 00:02:59,519 have the packet in front of them um it's planning to have the final closing on or 37 00:02:57,280 --> 00:03:05,920 before March 31st um and the current purchase price is for 38 00:03:03,040 --> 00:03:09,840 uh $565,000 of the for that's for the wastewater 39 00:03:07,680 --> 00:03:13,920 treatment plant. Um now this obviously >> it's only half of it. It's the actual 40 00:03:12,640 --> 00:03:17,519 » plant building, not >> treatment side. 41 00:03:15,120 --> 00:03:21,360 » The treatment side, not where public works currently is. 42 00:03:18,959 --> 00:03:25,760 » Yeah. And obviously the rest of the uh agreement includes things like, you 43 00:03:23,120 --> 00:03:29,360 know, there's certain provisions like due diligence and taxes and stuff that 44 00:03:27,599 --> 00:03:35,159 will be taken care of. But those are the main uh two things I wanted to just 45 00:03:31,280 --> 00:03:35,159 highlight for everybody. 46 00:03:35,599 --> 00:03:38,840 » Thank you. 47 00:03:40,879 --> 00:03:49,760 by letting you talk, you both answer my question that I would have had, but I 48 00:03:46,480 --> 00:03:58,720 was going to ask our lawyer just to tell the public why we do this. Uh uh we only 49 00:03:54,480 --> 00:04:05,439 use them just to complete the sale. Uh there's no money that takes place as far 50 00:04:00,959 --> 00:04:11,200 as the CEDC or anything like that. >> There there will be a transaction. it 51 00:04:08,239 --> 00:04:16,639 will be quick. Um, but yes, they are they are being used because the law 52 00:04:13,120 --> 00:04:22,880 allows us to sell it to them. Um, and then sell it to a third party buyer. 53 00:04:20,239 --> 00:04:26,639 When you have a when you have some a very specialized property like this, 54 00:04:25,120 --> 00:04:30,080 there are not I don't know if anyone else is looking around, but there there 55 00:04:28,639 --> 00:04:34,160 are not a lot of buyers for an old wastewater treatment plant. Frankly, 56 00:04:32,000 --> 00:04:39,520 that's just the the nature of this. And so this this mechanism that's provided 57 00:04:36,800 --> 00:04:43,919 for in the law allows us to sell it to the EDC and get that property into the 58 00:04:41,840 --> 00:04:47,360 best hands so that way get it to somebody who's going to improve it to 59 00:04:45,680 --> 00:04:51,199 put it back on the tax roles to help the bureau bring in some some more cash flow 60 00:04:49,520 --> 00:04:58,479 which is what we need. >> Will CDC profit from this? 61 00:04:55,919 --> 00:05:04,720 » Um I believe they will. Yes. The the way that this is written they they would get 62 00:05:00,960 --> 00:05:08,560 1% of the purchase price. So, not a lot, just as a kind of a a fee for their 63 00:05:07,039 --> 00:05:16,240 services that they've provided in this and helping find a buyer. 64 00:05:11,360 --> 00:05:22,479 » Okay. And did council ever find out what the the company that's buying it, what 65 00:05:18,960 --> 00:05:26,800 they subleas the garages for, how much? Nobody seemed to care when I asked that 66 00:05:24,479 --> 00:05:30,880 question before. >> I don't know exact. I know that they are 67 00:05:28,880 --> 00:05:37,440 subleasasing them. Frankly, I don't know off the top of my head what they who 68 00:05:33,520 --> 00:05:40,960 they are subleasasing them to. Um, but at this point, the most important thing 69 00:05:38,960 --> 00:05:44,720 for this Puro is to get this sale completed. It's drugg on for obviously 70 00:05:43,120 --> 00:05:50,479 far too long. You heard my updates through um over the last several months. 71 00:05:47,680 --> 00:05:54,080 So, um but yes, I think they they certainly I think that's they are 72 00:05:52,160 --> 00:06:00,080 subleasasing part of that property down there. We know that. So, 73 00:05:55,840 --> 00:06:03,919 » yeah. Um, from a legal standpoint, uh, should council have to vote on 74 00:06:02,240 --> 00:06:09,080 something like that? >> Not if it's in the 75 00:06:04,880 --> 00:06:09,080 » Not if it's in the lease. Yeah. 76 00:06:09,520 --> 00:06:12,520 » Okay. 77 00:06:12,639 --> 00:06:20,319 » Thanks, Frank. Oh, this is might be a random question, but I just I realized 78 00:06:17,680 --> 00:06:26,720 it when I was reading the thing here. Why is 79 00:06:23,360 --> 00:06:32,560 the Burrow of Columbia's address >> that's a mistake 80 00:06:28,240 --> 00:06:36,080 » 1200 corporate boulevard in Lancaster >> is a mistake I will get that needs to be 81 00:06:35,440 --> 00:06:40,240 changed yes >> I was like there's probably a reason but 82 00:06:37,840 --> 00:06:45,680 I don't know what it was >> there is not a good reason I don't know 83 00:06:42,560 --> 00:06:50,560 how that got in there yeah >> um but yeah we I'll get that if you want 84 00:06:47,840 --> 00:06:55,960 to make your motion with that Yeah. Yeah. I did not catch that. 85 00:06:56,240 --> 00:07:03,840 » I saw I'm like EC CDC. 86 00:07:01,840 --> 00:07:09,680 » Yeah, that was I think that was the old address for the CDC and it got put up. 87 00:07:06,720 --> 00:07:14,080 That's my fault. I will. >> All right. Good. 88 00:07:12,639 --> 00:07:17,280 » Sorry. I thought there was like some other 89 00:07:14,400 --> 00:07:20,599 » No, there's not. That should be 30. I wanted to know. 90 00:07:22,880 --> 00:07:29,919 » Any other questions or comments? >> Can I get a motion? 91 00:07:28,000 --> 00:07:33,960 » I'll make a You go ahead. >> Make a motion to 92 00:07:35,599 --> 00:07:45,039 » All right. Can I make a motion to uh agree to the contract with the address 93 00:07:43,520 --> 00:07:51,759 change >> and 94 00:07:46,240 --> 00:07:54,879 » the addition of exhibit A and yes >> a second. 95 00:07:53,440 --> 00:08:00,240 » Oh, I thought you were motion. >> So move. 96 00:07:56,639 --> 00:08:05,599 Okay. So, I have a motion by Councilman Byer, second by Council Cooper 97 00:08:04,000 --> 00:08:12,240 » to uh 98 00:08:08,319 --> 00:08:20,000 agree for the sale of 430 South Front Street between CEDC and the Burrow 99 00:08:16,240 --> 00:08:25,400 with the addition of the address change and 100 00:08:21,840 --> 00:08:25,400 uh Arb. 101 00:08:26,080 --> 00:08:36,039 Any other questions, comments? All in favor say I. 102 00:08:33,039 --> 00:08:36,039 » I. 103 00:08:41,200 --> 00:08:48,360 » At this time, we like to adjourn for executive session to discuss a personnel 104 00:08:45,360 --> 00:08:48,360 matter.