Minutes 08/25/1998 - Laserfiche WebLink

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TUESDAY, AUGUST 25, 1998 Council Members also took this opportunity to express their sympathy to the families of Council Members Haskell and Dallas, as well as City Attorney David Worthy, in response to recent tradgedies. 135 Council Member Dallas noted that the Sportsmans Club Annum Labor Day Cook Out would be held at Baldwin Park on Labor Day, September 7, 1998, from 12:30 to 5:30 PM, and invited all to attend. Mr. Dallas also commented on the fact that motorists were continuing to enter Massey Street going the wrong way, and creating a traffic hazard. City Manager Earl Reynolds, Jr., advised Council that a very productive meeting with members of the local banking community had been held on August 24th to discuss a coordinated effort to make home ownership in the Moss/Barton Project area more affordable for qualified individuals. Mr. Reynolds stated that the primary element of this effort was participation from the local banks in an application to the Federal Home Loan Program Bank Fund. Other areas of involvement proposed for the banks included assistance in model home financing, staffing assistance for the on-site program office, a revolving loan program fund for both construction and long term financing for homes to be built, and a down payment assistance program. Mr. Reynolds characterized the meeting as having been very successful, and that virtually every bank and savings and loan operation in the City had been present. Council Member Haskell asked what the response to the proposal had been, and Mr. Reynolds replied that the group had elected Mr. Jim Johnson of Piedmont Trust Bank to call the next meeting of the group to carry the effort forward. Tom Harned, Assistant to the City Manager for Development, announced that the old water tank at the former site of the American Furniture plant, now owned by Pulaski Furniture, was scheduled for demolition and removal just after Labor Day. Mr. Harned stated that he had received a letter