FUNDING BY SINGLE TAX CORPORATION
Larry Thomas of the Single Tax Corporation told the city council that organization plans to provide funding for a sidewalk down Morphy Ave. from Greeno to Thompson Hall Rd. as its next project.
Thomas: "We think we'll be able to do it ... a lot of lots (land) out there ... soon to be residential units ... ."
WAL MART SIDEWALK DELAYED
Earlier, Public Works Director Fidler said only one company submitted a bid recently for the proposed 1,600' east Fairhope Ave. sidewalk (from Idlewild to Hwy 181) -- and was directed by the mayor/council to repeat the process to encourage more participation.
The STC is providing funding as well.
NEW ROAD TURNED OVER TO CITY
Thomas also officially turned over the "deed" for the completed Troyer-Boothe Rd. to the city for continuing maintenance.
Thomas said the new road was already helping to keep traffic in the area off of Greeno Rd. -- especially the school buses.
Originally formed in the late 1800's as a demonstration of Henry George's 'single tax theory', the STC has evolved over the years into a 501(c)4 tax-exempt, social welfare organization, funded by land rent charged to its lessees.
In 2011, the corporation showed net income of $536,474, with assets of $6,344,148.
Roughly half of the land within city is owned by the Corporation.