TROY — With no public comments or comments from council members, council unanimously approved to purchase the Huelskamp Farm, adjacent to the Paul G. Duke Park, for $1.5 million, along with other business items, on Monday.
Council approved the purchase as an emergency due to closing of the sale within 60 days.
The home and barns may potentially house the city’s park department’s equipment and office area in the future.
City service and safety director Patrick Titterington said the city anticipates to pay nearly $350,000 for the property it will retain after grants and excess land sales. Titterington said the city has several verbal and/or written grants will assist in the city’s purchase of the property.The property will more than double the size of Duke Park, which is the city’s main recreation sports facility on Piqua-Troy Road. The city will seek a one year bond anticipation note, which is a short-term note which carries a lower interest rate than a conventional bank loan, but a little higher than a long term bond would charge.
Council also approved the following agenda items:
— Enterprise Zone Agreement No. 36, ARC Abrasives and ZA60, LLC
— Facility Encroachment Agreement w/CSX for McKaig Improvement, Phase II
— Telecommunications contract w/Frontier Communications of America, $240,000 for its first year
— Agreement w/ Troy Main Street, Taste of Troy event & notwithstanding to sell beer and wine during its event on Sept. 19
— Reappropriation Ordinance of the Technology Fund for the Frontier Communications resolution
For more information, visit www.troyohio.gov.
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