[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.