At tonights council session, the Council voted to introduce a resolution that would create a committee to explore purchasing the 110 Compromise Street property (formerly known as the Fawcetts property). This resolution was not on the agenda, but the Council voted to amend the agenda to consider it. There will be a public hearing and committee consideration, so you will have opportunities to voice your thoughts on the resolution. The purpose of the committee would be to determine if the purchase price would make it feasible to give the City some options, like temporary additional parking during the necessary reconstruction of the Hillman garage and to reconfigure the area including the adjacent 2 city owned lots before the sale of all or a portion of the property to a developer. The committee may determine that the asking price is too high, that other costs involved are too high, that the funding is not available, and many other possibilities.
Posted on: Tue, 28 Jan 2014 02:23:03 +0000
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