glp; inside local
Council to get update on Main Street program
By Philip Moulden
Tupelo’s Downtown/Main Street Partnership has generated almost $31 million in construction and netted more than 400 new jobs over the past five years, partnership officials say.
A report on the program is expected to highlight today’s City Council meeting, where council members will face a light agenda. The council will meet at 6 p.m. at the City Hall Annex on Court Street.
The Downtown/Main Street program shows a net gain of 124 business starts, expansions, or relocations, with 101 buildings rehabilitated or renovated between Jan. 1, 1991 and Dec. 31, 1995, program manager Debbie Stauffer said. Five new buildings have been constructed.
In all, more than $12.1 million in private financing and $18.8 million in public financing were involved.
In other action, the council will also hear a report from the Community 2000 Task Force on Juvenile Crime and consider a tax exemption request by Tupelo Foam Sales Inc.
Members will also be asked to consider seeking bids for liability insurance proposals. City leaders want to determine whether “full insurance” through a private firm would prove more economical than the city’s current self-insurance system.
“Hopefully with your approval to solicit bids for a fully insured program and a careful evaluation of our current self-insured plan, we will be able to secure the best possible coverage for the city of Tupelo,” Finance Director Lynn Norris said in a memo to the mayor and council.
The question is on the study agenda and the council won’t likely decide whether to seek bids until its first meeting in April.