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Redevelopment agency approves three Magnesium Street purchases to expand downtown parking
Summary
The Henderson Redevelopment Agency unanimously approved purchase-and-sale agreements for properties at 38, 42 and 46 Magnesium Street to demolish older structures and expand downtown parking; the board conducted public hearings for each item but heard no public comment.
The Henderson Redevelopment Agency voted unanimously to approve purchase-and-sale agreements for three properties on Magnesium Street as part of a downtown parking expansion plan.
Agency director Anthony Malloy told the board the items are related and funded in part by tax-exempt bonds issued in November 2023. "The North End Of Water Street has become increasingly popular in recent years," Malloy said, adding that the agency plans to demolish existing older structures, expand the site into a parking lot and position one parcel for future development. Malloy said the purchase price for 38 Magnesium Street is $495,000; purchase prices for 42 and 46 Magnesium Street were not specified in the transcript.
The Mayor opened public hearings for each purchase item; in every instance Valdez reported there were no speakers in the public-hearing queue and the hearings were closed without public testimony. The board then moved and voted to approve each agreement. The transcript records the motions as carried "with all members voting in favor;" specific vote tallies and individual member votes are not recorded in the provided transcript.
Board member Seebach praised the agency's work on parking, saying she had heard previously that improvements to Water Street would be "a great problem to have" and that she supported increasing capacity for people who live, work and visit downtown Henderson. Malloy said staff has begun outreach to property owners at the south end of Water Street to gauge interest in possible acquisitions.
The Mayor closed the meeting after a final public-comment period with no speakers and stated the regular meeting would start at 4 p.m.
Votes at a glance: - Agenda acceptance: motion recorded as made by member Larson; outcome: approved (all members recorded as voting in favor; tallies not specified). - Minutes (09/16/2025): mover recorded in transcript as the speaker who said "I'll move"; outcome: approved (all members recorded as voting in favor; tallies not specified). - 38 Magnesium Street (purchase and sale agreement): mover recorded in transcript; outcome: approved. Purchase price stated as $495,000; further terms not specified. - 42 Magnesium Street (purchase and sale agreement): outcome: approved; purchase price and escrow details not specified in the transcript. - 46 Magnesium Street (purchase and sale agreement): outcome: approved; purchase price and escrow details not specified in the transcript.
Next steps: Staff will proceed with acquisition, demolition and site preparation as described by the agency director; the transcript does not specify implementation timelines or funding breakdowns beyond referencing tax-exempt bonds issued in November 2023.
