MT. VERNON — The city has located 100 acres for a new industrial park, and will be discussing an option on the property during its meeting Monday.
“It’s located immediately south of Neon Sign,” said City Manager Ron Neibert. “If we exercise the option to purchase and build the industrial park, we will have to build roads to the area.”
The city has been actively searching for a site to become a new industrial park for the past few years, knowing the Rolland W. Lewis Industrial Park is almost full.
“If the council approves the option, then we will begin applying for grants from the Federal Economic Development Administration and possibly (the Illinois Department of Transportation),” Neibert continued. “We are not paying anything for the option. ... If the grants go through, we can exercise the option at that time.”
The option is for 100 acres, owned by Barnard Farms and BHM Farms. If the city exercises the option to purchase, the price would be $1.75 million, with $1.5 million paid at the time the option is exercised, and then $50,000 per year for five years.
“There is $5 million allocated in the budget for acquisition and building the industrial park,” Neibert said.
In other business, the council will:
n Receive bid results for the demolition of dangerous and dilapidated structures;
n Hear a request to reallocate funds for the 2013-14 budget;
n Hold a second reading on the tax levy;
n Discuss a conditional sign permit for 1550 Main Street for St. Mary Catholic Church; and
n Discuss a resolution approving an agreement for the construction of a road between Star Investment Group, the city and Good Samaritan Regional Health Center.
The council will meet 7 p.m. Monday at the Rolland W. Lewis Community Building at Veterans Park.