City sells former Wal-Mart building to S-5!
by Dolores Hamilton
The former Wal-Mart building, purchased in 2009 by the city for $200,000, has been sold to S-5! Manufacturing L.L.C. for $575,000.
The sale was approved with a unanimous vote of the city council Monday night. In the agreement the city will give S-5! a $125,000 incentive to add and retain five jobs to the 10 the company has already agreed to, leaving a cash sale of $450,000.
S-5!, an aluminum extrusion company, leased the city-owned building at 500 W. Highway in November, 2011 to locate their business until a new 23,000 square foot building could be constructed in the city’s industrial park.
When asked why S-5! changed its plans to build, Iowa Park Economic Development Director David Owen explained that with the overall state of the economy, the company was concerned about making a sizeable investment at this time and decided not to build. Instead they approached the city about buying the building they are in. “At the end of the day, what’s important is keeping jobs,” Owen said.
In other business, the council approved the 2012 racial profiling report presented by Iowa Park Police Chief Robert Johnson.
The annual report, required by state law, lists traffic stops made by the department throughout the year in which a citation is issued and to arrests resulting from those traffic stops.
A resolution was passed that endorses legislative action that the Steering Committee of Cities Served by Oncor feels would be beneficial for municipalities.
The city manager was authorized to execute a lease agreement with Pinnacle Network Solutions for antenna space on the Emerald St. water tower. The lease will bring in an additional $200 per month in Water/Sewer Fund revenue.
A public appearance by Colt West of Crane-West Marketing to present concepts for a new city logo was rescheduled because of illness.
The oath of office was administered to reserve police officer Jeff Lisec by City Secretary Janice Newman.