HomeMy WebLinkAbout1973-12-13 Minutes1
MINUTES OF A SPECIAL MEETING OF THE BOARD OF DIRECTORS
FEBRUARY 13., 1973
The Board of Directors of the City of Fayetteville, Arkansas met in special
session on Tuesday, February 13, 1973, in the Directors Room of the City
Administration Building at R:30 P.M.
Present: City Manager Donald L. Grimes; Purchasing, Personnel and Budget
Officer Sturman Mackey; Administrative Aide David McWethy; City Attorney David
Malone; City Clerk Helen Young; and Directors Orton, Purdy, Noland, Utley,
Murray, Carlson and Stanton.
Directors Absent: None.
Others Present: Representatives of the news media and members of the Industrial
Park Committee,
Notice of and consent to meeting of the Board of Directors had been distributed
to the Board members prior to the meeting.
The purpose of the meeting was to discuss with the Industrial Park Committee the
terms of a proposed agreement for sale of Industrial Park property.
Bill Brandon, Chairman of the Fayetteville Industrial Park Committee, announced
that an unnamed industry wishes to purchase 60.29 acres of Industrial Park
property (Tract K) at the price of $125,000. Mr. Brandon said, "We feel we
have an industry that this committee would like to welcome to Fayetteville."
Mr. Brandon said the contract for the sale of the property would be much like
any other except for the addition of two clauses - one, a pollution control
clause providing that the industry build and operate their facility in compliance
with all Federal, state and local regulations regarding air, water, waste
disposal and noise pollution; and second, a repurchase clause providing that
the City of Fayetteville would have first option to repurchase the property
at original cost plus interest should any of the land purchased become surplus.
Mr. Brandon added that the Industrial Park Committee voted unanimously to
recommend to the City Board of Directors that Tract K be sold to the unnamed
industry.
In answer to Director Murray's questions, Mr. Brandon said the industry is
stadding by at the present time ready to start work. The industry would begin
building the first of April and plans to have their first unit of operations
started this year, Mr. Brandon reported. Mr. Brandon explained, however, that
if the company decided not to locate in Fayetteville, the City of Fayetteville
would have the first option to repurchase the property at original price plus
interest, but that the City would not be forced to exercise that option.
In answer to Director Utley's questions, City Attorney Malone said that if the
industry decided not to build in Fayetteville and the City decided not to buy
the property back, the only control the City would have over the use of the
land would be through zoning regulations which prescribe I-2 uses for the land.
He added that pollution control regulations would apply to anyone who
purchased the property.
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As a result of discussion regarding the pollution control clause, City
Attorney Malone said the contract could state that the industry would
comply with Federal, state and local pollution control regulations as
enacted today and may be enacted in the future. Mr. Malone stated that
the matter is moot, though, since all are bound by the regulations
anyway.
Director Carlson asked for additional information such as financial
statements, labor policies and wage scales for the company. Mr. Brandon
assured Mrs. Carlson that full information will be made'available at the
next regular Board meeting when the contract for sale will be considered.
Director Carlson commented that she feels strongly that none of the
Industrial Park property should be sold in fee simple, but rather leased.
The City would continue to receive more revenue from the property if it
were leased rather than sold, Mrs. Carlson said.
Director Stanton moved the Board of Directors express intent to sell
Tract K in the Industrial Park to an unnamed industry at a price of
$125,000 subject to approval of the contract terms by the Board of Directors,
and further that the City Attorney be authorized to draft a contract for
the sale of said property and that said contract contain a first option
repurchase clause and appropriate pollution control clauses.
In answer to question asked by Mr. T. C. Carlson, Jr., City Attorney Malone
stated that a vote of intent is not binding as far as the sale of the
property. Mr. Brandon stated that he assumed each Board member would be
voting a moral commitment and that he was satisfied with only the moral
commitment at this time.
Director Orton seconded the motion made by Director Stanton. Upon roll
call vote the motion passed unanimously
Director Utley moved that the Chairman of the Fayetteville Industrial Park
Committee and the City Manager set a date reasonably soon after the
consummation of the sale of this property for a meeting between the City
Board of Directors and the Industrial Park Committee to discuss future
relationships between the two groups. Director Murray seconded the motion.
Upon roll call vote the motion passed unanimously.
. There being nofurther business, Director Utley moved the meeting be
adjourned. Director Noland seconded the motion which passed unanimously
whereupon Mayor Purdy declared the meeting adjourned.
ATTEST:
nc y�`l' #,
144
APPROVED:
Mayor
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