HomeMy WebLinkAbout08-25-1982 Council Meeting Minutes 294
A Special meeting of the Canton City Council was held on August 25th,
1982 in Council Chambers.
PURPOSE OF THE MEETING: TO CONSIDER A CERTAIN "LETTER OF INTENT" AND
TO TAKE OFFICIAL ACTION.
Victor and Barbara Mason are wanting to start a wood working shop. He
owns acreage in Bernadotte. Mayor Edwards asked that they bring their
business to the City of Canton and in the tax increment area.
A resolution was presented with the attachment of Exhibit A which reads
as follows: BAR-V-Enterprises, a partnership, makes this proposal to the
City of Canton with the intent of locating new business within the Central
Business District/Tax Increment Area:
1 . In consideration of the City's assistance as herein,.- set forth,
BAR-V-Enterprises proposes:
a. To locate a wood products workshop and retail store in
the building commonly known as the "Hadsall " building, 65 South Main
Street, Canton, Illinois, and agree to refurbish the building, inside
and out, at an estimated expenditure of $20,000.00 to $40,000.00, with
the bulk of such expenditure to be applied to refurbishing the roof and
exterior of the building. In the event of the failure of the business,
all improvemnets shall become the property of the City, and BAR-V-Enterprises,
its successors and assigns shall have no claim against the City by reason
of such improvemnets.
b. The City will sell the Hadsall building to BAR-V-Enterprises
pursuant to a contract for sale of the real property and improvements.
Certain of the itiams to be covered by said contract are as follows:
1 . The purchase price is $1 .00.
2. The improvements and repairs to be made are to
be set forth in detail . The outside improvements
shall be completed by January 1 , 1983. The business
is to be open by April 1 , 1983.
3. If BAR-V-Enterprises resells the real property
and improvements within five (5) years from the
date of closing, BAR-V-Enterprises will pay the
City the now current fair market value of the
property, which amount is to be set forth in the
contract. The amount is to be evidenced in a
note and mortgage.
4. BAR-V-Enterprises guarantees the payment of
general real estate taxes. It agrees that it
will not protest the taxes in a minimum amount
to be set forth in the contract.
5. BAR-V-Enterprises agrees to comply with all re-
levant codes of the City such as zoning, building,
and health codes.
6. In the event that BAR-V-Enterprises changes its
use of the building to one which is not in accord-
ance with now current codes, or defaults in payment
of the real estate property taxes, or is found to
be in violation of City codes, or permits liens to
attach to the premises which are not appropriately
contested or paid, and said violations are not
corrected within ninety (90) days, or the premises
are left vacant for a period of ninety (90) days,
the real estate and improvements shall revert to
the City without any cost to the City. An escrow
295
CONTINUED August 25th, 1982
will be established in which a warranty deed to
the City is held. This provision will apply for
a period of five years.
7. If the BAR-V-Enterprises complies with the provisions
of the contract for aperiod of five (5) years, the
note and mortgage set forth inparagraph 3 will be
forgiven.
8. No materialman' s mechanics or other laborers lien
shall be attached to the premises. BAR-V-Enterprises
agrees to pay all utilities on the premises during
the term of said contract, saving the City whole
and harmless therefrom.
9. Such otherprovisions are mutually acceptable to
the parties.
"Q
BAR-V-ENTERPRISES,
Q BY: Victor E. Mason
BY: Barbara A. Mason
Mayor Edwards commented about the business and how it will save the City
for the cost of demolition of the building, and save in the cost of redoing
the wall . Those two alone are a $40,000.00 savings, plus it puts the business
back on the tax rolls, and the city will benefit by jobs.
Mayor Edwards reported that he had called in DCCA, they in turned called in
the SMA.
Victor Mason gave a brief outline of his planned business, 90-95% of the
merchandise will be retail .
Jim Malmgren City Attorney stated that the city does not have the option to
sell to the most favorable person in town without offering to sell to others,
so a legal notice will be published twice for any counter proposal .
Jim didn't feel there would be any problems with the now current downtown
plan. The area is zoned B-3 business classification.
RESOLUTION - APPROVING A "LETTER OF INTENT" MADE BY BAR-V-ENTERPRISES.
Read in its entirety. Motion by Alderman Kovachevich, second by Alderman
Larsen, the resolution be approved. Discussion. Alderman Sarff commented
that this business would be great for this community and supported ilt whole
heartly. Roll call . AYES: Aldermen Horr, Larsen, Carl , Grant, Sarff,
Savill , Hammond, Kovachevich, Mayor Edwards. NAYS: None. Motion Carried.
9 ayes 0 nays 0 absent. Resolution being #959.
ADJOURNMENT: Motion by Alderman Kovachevich, second by Alderman Hammond to
adjourn. Voice vote, motion carried. Council adjourned at 7:30 P.M.
0,�
TY CLERK
APPROVED.
MAYOR