August 16, 2017 Edition
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Progress made on
The Hoxie City Council received an update on the Commerce Street development from Mayor Lanny Tinker at the Aug. 8 meeting.
Tinker said there is a balance of about $230,000 in the reuse fund. Still to come out of that is $44,000 to pay outstanding bills and advertise the property.
He went on to explain there have been a couple of unforeseen expenses, one of which is adding mesh to a sloped ditch to prevent collapse. Another additional expense may come if it is required for the power lines to be run partially underground. Tinker said the original route planned will not be usable but he's not sure what the new route will require.
During the planning and zoning committee meeting held right before the council meeting, Tinker took the committee to walk through the property and review what work is still needed.
When the work on the property is near completion, targeted marketing to hotels, motels, restaurants and other businesses looking at high traffic areas will begin. Tinker said the process is going a little slower than originally thought but he wants to make sure everything is right before pursuing marketing.
Terry Ryan with Ryan Real Estate was at the planning and zoning meeting. "This is the most valuable piece of commercial property in the county by far," Ryan said. He added that traffic counts are only going to go up in this area.
Tinker said he is going to form a marketing committee for the Commerce Street property to include Ryan, who has already been involved in some of the preliminary advertising made.
Also at the council meeting:
the council approved the opening of an account to be used only for payments on a recent backhoe purchase.
Tinker said a special meeting will be called to discuss street repair.
The council was given a resolution to review supporting federal and state legislation to ensure proper assessment and collection of sales tax from internet/online sales. Tinker said he understands there are pros and cons to how this is being proposed and recommended the council do some research.
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