GIDA Meets on Transfer of Property

The Grove Industrial Development Authority voted to table transferring property to the city at this week's meeting, and instructed city staff to provide a report on property owned, along with indebtedness, for the February meeting. Board member Bob Henkle reported that there is debt on two properties, the city has pledged assets on a loan, and the city use tax is pledged to the Civic Center.

The board also discussed a possible tenant for the Grove Industrial Park but decided more information was needed before a decision could be made. City Manager Bill Galletly said he felt it was not in Grove's best interest to build a building and lease it for 20 years for this particular tenant. The board agreed but requested more information on the tenant.