By Barbara Brown

The City of Stacy agreed to a three-year contract with Greystone Construction to manage and develop the Stacy Ponds Business Park.

After a lengthy discussion at the Tuesday Aug. 24 regular meeting, the council voted to contract with Greystoneís Jeff Hensel for a two-part development plan.

The first part, dubbed Phase I, would entail a preliminary design of the park, a budget for the overall project and securing new tenants.

Currently, the cityís new park has one tenant, Hans Hagen Homes. The home builder expects to break ground on their project in the next two weeks.

In the Phase I part of the plan, Greystone would help the city with the development of the park but would not require that new tenants use Greystone Construction to erect buildings or for site development.

The second part of the plan is a three-year contract with Greystone to market the Stacy Ponds Business Park to businesses looking to move or establish their operations.

The council also heard from member John Daher who said that after a Tuesday morning meeting with the countyís Economic Development Authority the EDA agreed to take over one-half of the cityís Environmental Protection Agency loan on improvements at the Stacy ponds until the business park would be established.

The debt service on that loan is about $40,000 a year. The EDA would be paid back by the city as land in the Stacy Ponds Business Park is sold.

In other council business, City Attorney Peter Grundhoefer supplied the council with a copy of the filing summons and court date regarding an injunction against businessman Mel Aslakson who possibly is leasing a building he owns to a business that does not comply with the conditional use permit on the property.

Grundhoefer said he would continue to pursue settling the situation outside of court.

City Engineer Chuck Schwartz presented a preliminary idea on how to renovate the Stacy Bar and Liquor municipal liquor store. The council has been talking seriously for about a year about the possibility of building a new liquor store and bar.

The current building is old and maintenance problems are becoming increasingly more frequent.

The council decided not to renovate the building and asked Schwartz to return at a later council meeting with a plan to build a new bar.
Also at the meeting, the council approved the plat for the Kings Court townhouse development.

The developersí agreements for Kings Court, Foxtail Woods, Royal Meadows and the Forest Boulevard utility expansion project will be reviewed at the next council meeting.

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