PROCEEDINGS OF THE STURGIS CITY COUNCIL – NOVEMBER 21, 2007

 

The Common Council of the City of Sturgis met in recessed session on Wednesday, November 21, 2007 at 7:30 a.m. at the City Hall.  Present:  Mayor Maury LaRue, Alderpersons Steve Anders (by phone) , Mark Chaplin, Tom Ferguson, David Hersrud, Jamie McVay, Sherry Scudder, Bernadette Usera (by phone).  Absent: Roger Call

 

Ferguson introduced the following written resolution and moved its adoption:

 

RESOLUTION 2007 - 32

A RESOLUTION TO CONVEY REAL PROPERTY TO WEST RIVER FOUNDATION

 

            WHEREAS the City of Sturgis is the owner of real property which is described as follows:

 

Lots 49, 50 and 51 in Block 4 of Ft. Meade Addition to the City of Sturgis, Meade County, South Dakota

 

            WHEREAS pursuant to S.D.C.L. 6-5-2 the City has the power to convey real property to non-profit corporations for public purposes and said property has not been held for public use; and

 

            WHEREAS West River Foundation is classified as a 501(c)(3) non-profit organization by the Internal Revenue Service; and

 

            WHEREAS West River Foundation will build a new group home and lease the same to Black Hills Special Services Cooperative South Dakota, a non-profit organization, and such group home shall be used for public purposes and accommodation and shall meet the needs of the developmentally disabled people who will reside in the home.

 

            NOW THEREFORE be it resolved that the Mayor of the City of Sturgis, Maury LaRue, is hereby authorized to execute a deed conveying from the City of Sturgis to West River Foundation the real property above described.

 

            Dated this 21st  day of November, 2007.

 

Chaplin duly seconded the motion for the adoption of the foregoing resolution.  All those present voted in favor of and the resolution was declared passed & adopted.

 

Chaplin introduced the following written resolution and moved its adoption:

 

RESOLUTION 2007 - 33

A RESOLUTION authorizing a loan from the Sturgis Industrial Expansion Corporation Revolving Fund

 

            Whereas, the City of Sturgis established by Ordinance the Sturgis Industrial Expansion Corporation Revolving Fund (SIECRF) for the purpose of making loans for the promotion of the City, and

 

            Whereas, the SIECRF Committee established under said Ordinance did make a recommendation to the Common Council of the City of Sturgis that a loan be made to PJ Industries, Inc. in the amount of $50,000.00 from SIECRF, now therefore

 

Be it resolved that the Common Council of the City of Sturgis does hereby authorize the lending of the sum of $50,000.00 from SIECRF to PJ Industries, Inc.  Said loan is to be secured by a security interest in personal property including a bullet loading machine.  Said loan is to be for a five year term with interest at a rate of 5% per annum with sixty equal monthly payments in the approximate amount of $973.56.

 

Dated this 21st day of November, 2007.

 

McVay duly seconded the motion for the adoption of the foregoing resolution.  All those present voted in favor of and the resolution was declared passed & adopted.

 

Motion by Hersrud, seconded by Anders, that the council will authorize the City attorney to supervise the settlement with Galena on the past due note from the SIEC Revolving Loan Fund.

 

Motion by Chaplin, seconded by Ferguson, and carried to amend the preceding motion to read as follows: authorize the City attorney to supervise the settlement with Galena on the past due note from the SIEC Revolving Loan Fund. for an amount not less than $25,000.00.

 

 

Motion by Hersrud, seconded by Chaplin, and carried to adjourn the meeting at 8:15 pm.

 

 

ATTEST: ___________________________ APPROVED: ______________________________

               Fay Bueno, Finance Officer                                   Maury LaRue, Mayor