1. PURCHASE OFFER: The Indianola Country Club submitted an offer to purchase the former sewer plant land on Country Club Road this week. The highlights follows:
• Price: The purchase price shall be $70,000 with $5,000 payable at closing.
• Term: Not to exceed 10 years
• Interest rate: 0% for years 1-3, 4% for years 4 and 5 with the final four years accruing at 6%. The interest accrues only on the unpaid balance for years 4 through 10.
• Prepayment: The ICC will have the option to prepay at any time during the contract without being assessed a penalty.
• Payments will commence September 15th, 2010 and be remitted annually in even installments until paid in full.
• Closing date: On or before March 15th, 2010.
• Insurance: City to be a named insured on ICC policy with a limit not less than $2,000,000. ICC will provide a hold-harmless clause for all liability arising from ICC's use/occupation of the property.
• ICC will not erect a tall fencing system on the property.
• Lights will not be utilized with the exception of a security light for the ball and pop machine.
• Evergreen type trees will be planted along County Club Road to contain errant shots.
• Both parties will be responsible for their respective portion of the costs associated with the closing of the contract.
The purchase has been discussed by Kevin Halterman (represents ICC) and myself. Given the fact that the old sewer plant foundation is still there and a sewer main runs diagonal across the property, the price is equitable in my opinion. The ICC plans to use it as a driving range (see packet) that would have tee boxes on the northwest corner and greens on the southeast corner. There “may” be concerns as to golf balls hit onto Country Club Road but the proposed layout should limit that.
The offer will be placed on the January 11 committee agenda for discussion.
2. JANUARY COMMITTEE AGENDA: The January 11 agenda “tentatively” includes the following:
• Discuss community LED sign funding options
• Discuss electric franchise fee
• Review Infiltration/Inflow Phase 1, 2 and 3 progress
• Discuss shared sewer service policy
• Discuss sidewalks and waivers
• Discuss Park Dedication Ordinance
• Discuss building options on north side of the square
Quite a long agenda and some items can be delayed until February per elected official preference. Pete will be chair and Richardson vice chair.
3. INDIANOLA SPORTS ASSOCIATION: The Indianola Sports Association operates the adult softball fields/concession stand at Pickard Park. They are planning to install irrigation and concrete around the back of the backstops on all four fields at Pickard for about $150,000 and have negotiated a loan. However, the bank will not loan ISA the money unless the city co-signs. I asked Finance Director Laurie Hebl to review ISA’s financials to ensure the payments can be made.
The item will be brought to council in January or February.
4. CONCRETE PLANT: Chuck Burgin, John Hoyman and I discussed the concrete plant rezoning request with Ivan Webber regarding our Comp Plan Update (shows industrial zoning) that will take place in the next several months. It was Ivan’s recommendation to deny the request until the Update is complete. Chuck Burgin will ask Snyder to review the concrete plant’s zoning and make a recommendation the city can consider as part of a rezoning request later this year.
Chuck and I discussed the concept with Larry Barr and Edina White and they are considering their options.
5. DC TRIP: Myles Kappelman reports Simpson will not attend the February Washington DC trip this year do to staff issues. That will leave the city, IDA and Myles is checking with WCEDC.
