push new projects in Holly Springs
By SUE WATSON
The Marshall County Industrial
Development Authority (IDA) and the City of Holly Springs are pressing
to close a sale on a vacant industrial building and have their thinking
caps on with respect to planning for industrial park sites in and around
the city and elsewhere.
Moves to try to open the West Valley
Street pool and a half million dollar tourism grant to map plots in
the cemetery also were nudged forward a bit at the May 15 board of aldermen
IDA executive director Bill Renick listed
items to be completed for the city to get a capitalization loan (CAP)
from Mississippi Development Authority to purchase the Wenco building
at the Holly Springs Industrial Park. If the deal goes through as planned
in mid-June, the city will have two buildings - the American Plastic
Toys (Lund) building and the Wenco building - financed with CAP loans.
With this financing the city enters lease-purchase agreements with the
industrial partner, thereby filling up these existing buildings with
new industries. That means more jobs for people in the city and Marshall
Renick said the lessee pays the monthly
note on the CAP loan and after the loan is paid off, the industrial
partner owns the building.
Local government can receive one CAP
loan a year from MDA, Renick said. A CAP loan for $1 million, closed
in December 2006, opened the way for the city and IDA to offer the American
Plastic Toys building to Lund Precision Group. Lund, which is moving
its U.S. headquarters to Holly Springs, hopes to be in full operation
this summer, Renick has said. The company manufactures replacement parts
for the agriculture industry.
He said the purchase of the Wenco building
from Jeld-Wen corporation hinges on finalizing the sales agreement with
the Wenco owner, executing a lease-purchase agreement with Cash In Transit,
the industrial partner, and conclusion of several property appraisals,
a survey and an environmental study.
Renick briefed the board on several other
large industrial prospects IDA is angling for and emphasized the need
for cooperation to land some of these big projects.
“We cannot do this without
y’all,” he said. “Hopefully that’s what you’ve
got us here for.”
In other business, the board of aldermen:
- heard an inquiry from Gary Hickman with Bank of Holly Springs.
He said the bank is planning to renovate the downtown bank inside
and wants to tear down the old print shop and antique shop on Van
Dorn and the old board room building behind the bank and a wood frame
house behind the bank. The space is needed for more parking, Hickman
Alderman Tim Liddy, who serves on the Historic Preservation Committee,
cautioned that the city planning commission and preservation need
to agree with the bank on what will replace the old buildings, even
though they are located on the fringe of the historic preservation
Hickman said the bank’s project is on the planning board
with a set budget but it could take several years to finish the
Alderman Nancy Hutchens noted that the moratorium on any new construction
or demolition has already expired.
And Alderman Russell Johnson said the buildings the bank wants
to demolish are not historic landmarks.
“So what’s the big deal?” he asked.
- authorized B.J. Thomas to hold youth fellowship events in the parking
lot behind City Hall during the summer.
Thomas said the program, “Taking It to the
Streets,” will provide singing and motivational speaking in the
evenings. The events are open to the community, but dates have not been
set, he said.
The board advised that event insurance would have to be provided.
Heritage Apostolic Church is sponsoring the series.
approved a motion for a special exception to allow Mississippi
Black Wall Street in Holly Springs to sell beer at an outdoor event.
Conditional exception was granted provided the operator gets a beer
license, special event liability insurance coverage and purchases
a transient vendor’s license.
accepted a proposal administering a half million dollar cemetery
restoration grant. The grant would map all plots in the old and
new sections of HillCrest Cemetery and provide a data base on site
for tourists to find plots by name of the deceased using computers.
- received a report from the mayor on prospects for opening the pool
on West Valley this season.
Two insurance quotes were provided and the mayor said advertising
had turned up only one lifeguard certified by Red Cross. Two more
certified life guards are needed to reopen the pool.
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