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Council approves $1.1 million purchase of former All Star Vending building for city storage
Summary
Council authorized buying the former All Star Vending property at 3443 Military Street for $1,100,000 as a strategic storage and materials-handling facility; staff described it as a 'strategic hold' to consolidate leased warehouse costs and offset approximately $35,000 per year in storage expenses.
Council approved a motion to purchase the former All Star Vending building and property at 3443 Military Street for $1,100,000 to serve as a storage and materials-handling facility. The city manager said the site is strategically located in South Park's development corridor and will consolidate warehousing currently leased across the city; staff emphasized the purchase was intended as a strategic hold with the aim of offsetting roughly $35,000 a year the city now pays in leased storage costs.
The manager said the Smith family was selling the property at a discounted rate compared with replacement cost and that the EDA would market portions of the parcel for potential sublease or sale in the future. Council discussed funding sources (land purchase fund, general fund and chargebacks to departments) and approved the purchase by roll call.
