The Rock Island City Council will be asked tonight to approve agreements totaling $243,000 to close the leases of three businesses at Watch Tower Plaza as part of the project to bring Walmart to the site.
The city has been buying properties at Watch Tower on 11th Street so they can be demolished to make way for a proposed Walmart Supercenter.
At tonight's city council meeting, aldermen will be asked to approve buying out the leases of three tenants at the old shopping center.
City officials have reached a $75,000 agreement with Jean's Platinum Stylez Beauty Supply to terminate the business's lease at 2365 11th St. The owners of Gyibassuk's Stores, an Asian grocery at Watch Tower, have agreed to a $58,000 lease buyout.
The owner of Jaded Gypsy Tattoo has accepted the city's lease buyout proposal of $110,000, which includes assistance to help the business move to 217 8th St., Rock Island.
The city has a line of credit for up to $15 million to buy properties and demolish buildings at Watch Tower. So far, the city has spent about $6.5 million on property purchases and lease buyouts and has agreements with most of the 17 businesses at Watch Tower.
Once the city has control of all the property parcels at the site it needs, demolition work will be done. Walmart has agreed to buy the site from the city for $4.5 million.
Tonight's council meeting begins at 6:45 p.m. at city hall, 1528 3rd Ave. Complete agendas can be found at rigov.org.
Today is Thursday, March 6, the 65th day of 2014. There are 300 days left in the year. 1864 -- 150 years ago: All who are matrimonially inclined should remember that, if they desire the fact of their exit from the state of single blessedness to be recorded in The Argus, the notice must be accompanied by the sum of $1. 1889 -- 125 years ago: Robert Hudson was elected noble grand of Rock Island, Lodge No. 1, Old Fellows. 1914 -- 100 years ago: The Rev. F.T. Bergstrom was elected president of the Swedish National Association, which is composed of the different Swedish congregations and societies of Rock Island and Moline. 1939 -- 75 years ago: Contractors were moving equipment to the site of the new Rock Island-Davenport bridge today prior to the start of construction, which will take about 15 months. 1964 -- 50 years ago: A letter of intent will be sent from the Rock Island City Council to the housing authority indicating plans to revise the zoning ordinance to provide for a special zoning classification of housing for the aged. 1989 -- 25 years ago: Two businesses -- Aldi Grocery and Subway Sandwiches -- will open in East Moline's Ridgewood Shopping Center this year.