Sheldon, Iowa — Development in Sheldon’s Runger Addition continues, with the sale of two more lots announced at the Sheldon City Council meeting Tuesday. Sheldon Development Director Curt Strouth reported that Southwest Wholesale is purchasing lots ten and eleven, located just North of their existing property in the Runger Addition. Southwest Wholesale will pay $25,369.50 for the lots with a ten year minimum assessment of sixty thousand dollars. They also plan to erect a 2400 square foot spec building on one of the lots. This property will generate $1,836.00 annually in property taxes.
In other action, the Council approved the Preliminary Official Statement with regard to the $3.4-million General Obligation Capital Loan Notes that will be used to help fund the new events center. City Manager Scott Wynja explained that this is just one more step in the loan process. He said the City has been notified that it has an A-Plus bond rating, which is a good sign of where the city stands financially. The rates and terms of the bond will come later, and it is expected that they will close on the bonds in the first part of July.
The Council also affirmed the appointment of Erin Brown to the Library Board and agreed to increase the payment to Wolff, Whorley, Dehoogh and Schreurs to $200 per hour for their legal services. There has been no fee increase since it was set at $185 per hour in 2013.
Several safety related concerns were heard during the Council Comments period. Councilman Brad Hindt brought up concerns from citizens who would like to see some kind of signage along West 7th Street, warning motorists about ‘Children At Play’. Council members said they’ll survey the situation to see if they feel it requires action.
Councilman Pete Hamill called everyone’s attention to a bike ride that will take place May 21st. The ride will follow the recreational trails, but will also include Country Club Road and 16th Street. Hamill reported that Sioux County has now placed ‘Share the Road’ signs on certain roadways and wondered if O’Brien County would be willing to do something similar.
It was also reported that the Sheldon Police Department is aware of speeding vehicles on East 6th Street from Washington Avenue to Country Club Road. The public should be aware that officers will act to enforce the speed limit on 6th Street as a public safety measure.
The City Council went into closed session to discuss the purchase of property, and took no action following that closed session.