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Wednesday, May 25, 2016

Village seeks asset swap with Daggett Development

Thursday, December 13, 2001

Cherokee Village may acquire land for an industrial park if action by the city council at its Dec. 3 meeting results in an agreement between the city and Daggett Development Corp., to "swap" assets.The council authorized Alderman Charles Bartlett to continue negotiations with Eben Daggett for ownership of 36 acres adjacent to Eastern Ozarks Regional Health System on Hospital Road. This is the land that was offered to Ozarka College to entice it to build its Sharp County campus in Cherokee Village. The college decided to locate elsewhere.The city is considering trading current and future income from Daggett's lease for the part of City Hall presently used by a local church. Daggett leases the area for $18,540 per year. No price for the trade has been set, but Bartlett was authorized to obtain an appraisal and title search.The initial use of part of the property by the city will be to provide secure storage facilities for its road equipment.In other action at the meeting, the Council, after its third reading, passed an ordinance to reestablish ward boundaries as required by changing population counts from the 2000 census. A map of the new boundaries is posted in City Hall.Before the meeting, the council held a public hearing on the proposed budget for 2002. Most of the audience questions concerned city allocations to assist the Suburban Improvement District in road maintenance.Concerning the purchase of road equipment by the city, Alderman Ray Torbit said, "We are leasing our equipment back to SID. They have nothing in their budget for new equipment." Money in the city budget for roads is also used to buy road surface material for use by the SID road department. Mayor Marjorie Rogers and various aldermen reiterated that state turnback funds from gasoline taxes must be used on road projects and cannot be part of the general fund.Passage of the budget ordinance will be on the agenda for the Dec. 17 council meeting. The budget forecasts total revenues of $776,990, expenditures of $669,235 and unallocated funds of $107,755.Included in the budget are funds to provide extended hours at City Hall for 2002. The hours would be from 9 a.m. to 3 p.m. Monday through Friday. Currently the office closes at 1 p.m.



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