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RICHFIELD WANTS TO BUY, RAZE BUILDING

SHARE RICHFIELD WANTS TO BUY, RAZE BUILDING

The Richfield City Council has offered to buy a building in the downtown business district that would be razed to make room for a redevelopment project with a new parking lot on the west side of Main Street.

The amount of the offer to buy the former Bradshaw Auto Parts building near Main and Center streets was not disclosed. The business went bankrupt, and the building is owned by First Interstate Bank in Salt Lake City.The council has also approved the addition of two flashing lights at a school crossing at Fifth North and Main, and authorized spending $55,000 to build an addition to the city's shop building.

Councilman Paul Lyman was appointed to present the offer to purchase the Bradshaw Building to the owner, and the council is awaiting a reply. He was also directed to work toward securing financing for the redevelopment project through the Utah Community Impact Board. The council will seek a grant or low-interest loan.

Mayor Sue Marie Young said the city should be entitled to get a grant rather than a loan because CIB grant recipients in Sevier County are much fewer than those in other counties in proportion to the amount received from mineral leases. She noted the state has received $16,412,490 in mineral lease revenues from 1985 to 1989 on lands located in the county.

Grants in Sevier County during that period amounted to $1,531,614 or 1.9 percent of the state's total, the mayor added.

The city's shop building is located at 300 South and 100 East streets where the addition will be built with funds that were budgeted for the computer system. Indebtedness for the system has been paid.

The lighting at the school crossing will be installed by Utah Power and Light Co. with the city paying for the electricity that is used.