Sale Of Piva Building, Progress Parkway Property Approved By Board

Like the budget work session that preceded it, the regular Ste. Genevieve Board of Aldermen meeting last Thursday had some contentious moments.

The meeting saw new property tax rates approved, several ordinances approved — including the sale of the Piva building — and a 40-minute report by city administrator Martin Toma.

PROPERTY TAX RATES APPROVED

A short public hearing was held — without any citizens commenting — to set city property tax rates.

The tax rate was set at $1.0009 per $100 of assessed valuation, up from $0.7316 in 2018, but that includes the additional $0.2693 in the property tax for public safety that was approved by voters in April.

The tax levy also includes $0.4812 for general revenue, $0.0480 for cemetery, $0.0773 for band, and $0.1251 for parks and recreation. Those tax rates all are unchanged from 2018.

PIVA SALE APPROVED

One of the ordinances passed on first and second reading was the sale of the building that Piva Windows Group North America has been leasing from the city.

Piva bought the building at 5 Trautman Industrial Court for $1,136,819, less $536,819 in rental payment credit. The cash due at closing is $600,000.

The lease had been in effect since January 2015 and has brought in about $135,000 a year.

SEVERAL BILLS PASSED: PROGRESS LOT SOLD

Several ordinances were approved, with a couple bringing some additional discussion.

The board approved two readings of an ordinance to sell a 2.16-acre tract of city land on Progress Parkway, east of River Rapids Waterpark, to  Ryan and Jessica Huck for $50,000.

See complete story in the August 28 edition of the Herald.