HANNIBAL, Mo. -- The Hannibal City Council on Tuesday remedied an error in a property description contained in a resolution to lease the old St. Elizabeth Hospital to investors.
In December, the council approved a resolution to provide investors of the former St. Elizabeth Hospital with the lease on the property so that the investors could obtain federal tax credits to reduce the overall cost of redeveloping the building into senior apartments.
City Manager Jeff LaGarce said at the time that the investors, Hill Tide Partners and Belmont Development Co., would fully own the property in 2018, so the lease would end once they took ownership.
However, "while preparing their application for low-income housing tax credits to the Missouri Housing Development Commission, the investors discovered that one sentence in (two) legal descriptions had been omitted -- the exact same sentence for each," LaGarce explained Tuesday. "We do not know the cause of this error, nor did we make this error. But it does need to be fixed."
The missing sentence describes some of the platted lots that are part of the property.
"It's important we get all of the pieces in there," City Attorney James Lemon said.
Councilmen unanimously passed a resolution to include the missing sentence in the lease and the accompanying Assignment of Grant and Land Use Option.
Also Tuesday, councilmen discussed with city Finance Director Karen Burditt the possibility of updating the city's financial software to link all of the different city departments and entities to make financial transactions and accounting easier. Burditt described the current software as an "outdated accounting system."
"What's holding the city back from doing so is the cost," LaGarce said, estimating it at $150,000.
The discussion about the financial software came about as Burditt was seeking council approval for the city's mandatory annual audit. The council agreed to have Wade Stables PC perform the audit for $42,600.
"If we were to update our financial system, the cost of the audit would go down," Burditt noted.
• The council approved an ordinance amending the chapter on public consumption to allow businesses on Broadway between the Mississippi River and 10th Street to serve liquor outdoors.
• The council did a first reading of a Hannibal Board of Public Works ordinance to enter into an agreement with the Missouri Highways and Transportation Commission for lighting and maintenance of street lights on U.S. 61 between West Ely Road and Route MM. The BPW is about to complete the street light installation, and the Missouri Department of Transportation has requested that the agreement be signed to ensure that the BPW maintains the lights once installed.
• The council gave a first reading to an ordinance to rezone 10 acres of land just north of Mayapple Lane from industrial to one- and two-family residential. Resident Clinton Conrad is buying the property to build a new house for his family and requested the rezoning.