Friday, March 9, 2007

St. Elmo Devonian News
Published: October 12, 2006

The President is Coming to St. Elmo
"This is an investment in the future of our town" stated Michael Springman after the city council voted unanimously to present a letter of intent to David and Peggy Campbell. The Campbells accepted the letter of intent and in return presented their letter of intent to the city. David Campbell stated that they had a good working relationship with the mayor and city council.
The city's letter of intent stated:
Dear Mr. and Mrs. Campbell:
The city council and others have been working hard to put together an incentive package for you to make St. Elmo the permanet home of the President Riverboat. For many it has been a huge undertaking. Sometimes we thought we had it all together and the next moment something changed. Now the time has finally come that the City of St. Elmo is willing and able toproduce the following incentive package for the project: The Tower Lake property that the city owns (37 acres). This does not include the boat dock area or parking lot. Also included is 1.83 acres located at the intersection of Tower Road and Interstate Drive commonly known as the Belsen property and theproperty consisting of 1.8 acres known as the Church of Christ property. This would be a totalacerage of 40.63. Other property may become available in the near future.
The city will provide water and sewer to the project. Also provided will be six years of water with no charge up to fifteen thousand dollars ($15,000) per year. Any usage over that will be assessed at the wholesale rate. There will be free sewr service for six years also. This would be a savings to you of $90,000 over the six year period.
The city will also provide parking lots and landscaping for the area. As stated in previous correspondence security will be provided as manpower dictates.
The city will work with and the public utility companies (electric, gas, phone, cable, etc.) to insure adequate services to the site.
We are sure that questions and glitches will arise as the project moves along, but with the great working relationship that we share already, we can handle whatever comes along.
We are as excited asyou are and look forward to a great future together.

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