Minutes 08/25/1987 - Laserfiche WebLink

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;6 TUESDAY, AUGUST 25, 1987 estimated cost of which Mr. Brown reported as $128,210.00, of which the City would finance $97,210.00 and Mr. Bastien would finance $31,000.00, all of which would meet or exceed the standards of the Appalachian League, of which the proposed Martinsville team would be a member. After discussing the proposal with Mr. Bastien, who was present at this meeting, and upon motions, duly seconded and unanimously carried, Council took the following actions on this matter: A. Accepted City Manager Brown's report and recommendations thereon, with funding of the City's share (of $97,210.00) to come from (1) a donation of $10,000.00 presented at this meeting by check from Martinsville Community Recreation Association, Inc., represented by Messrs. Raymond W. Loman and Barron Frith (and Herbert O. Hughes, Director of the City's Recreation Department), (2) the sum of $42,000.00 available in funds held by the City's Recreation Department, and (3) $45,210.00 from the City's General Fund, all subject to the obtaining and exercising by Mr. Bastien of the franchise sought and his providing the City with professional baseball, beginning with the forthcoming 1988 ,season; B. Agreed to sub-lease English Field to Mr. Bastien for the aforesaid purpose and to negotiate with no other person(s) or organization(s) for the purpose of bringing professional baseball to Martinsville, unless Mr. Bastien fails to obtain and exercise the proposed franchise to bring professional baseball to Martinsville, beginning with the 1988 season; and C. Agreed to invite contributions (to help defray the City's "start-up" net cost, i.e., for improvements to English Field) from the general public as well as an additional contribution from the Comnlunity Recreation Association. In presenting a statement of fund balances (of the City) as of June 30, 1987, (using a cash basis method), City l1anager Brown apprised Council of the fact that a line truck for the City's Electric Department, for which funds were provided in the City's 1986-87 budget in the amount of $120,000.00, purchased by contract (but not by purchase order) during the 1986-87 fiscal year, has been delivered, with Mr. Brown proposing that a like sum of $120,000.00 provided in the City's 1987-88 budget, for a bucket truck for the Electric Department, be used to pay for the line truck and (that), when the bucket truck--already on order--is delivered in early 1988, Council appropriate the sum of $120,000.00 from the