Ace Hardware And Home To Take Place Of Old Shopko

Ace Hardware And Home To Take Place Of Old Shopko
Luke Virgil, Mike McManigal, Steve LeGrand, and BJ Woehler discussing the Ace Hardware and Home Project with Council

WAYNE – The Wayne City Council gathered on Tuesday evening for a regularly scheduled meeting. The agenda had 11 items and the meeting lasted roughly an hour and fifteen minutes with seven of the eight members of Council present.

The first item on the agenda was an action on recommendation from the LB840 Revolving Loan Fund Review Committee on an application to Wayne’s Economic Development Program by Ace Hardware and Home for the amount of $200,000 to be used for start up costs. Investors of the project were present at the meeting to speak to Council and answer questions. Steve LeGrand, BJ Woehler, and Mike McManigal are a few of the investors for the project and in their application for the loan requested the loan at a zero percent interest rate for fifteen years. LeGrand is the current CEO of Sand Creek Post and Beam in Wayne and also owns an Ace Hardware store in Blair, NE. The trio spoke to Council and strongly believe that this will be a great fit for the community of Wayne but need the loan for start up costs on the “Home” side of the endeavor. Ace Hardware would require a certain amount of space in the old Shopko building but the investment team would be able to tailor additional inventory to cater to the needs of the community and would plan on using approximately 7,000-10,000 square feet of the facility for that purpose. The Revolving Loan Fund Review Committee suggested that Council approve a zero percent interest rate for the first five years but then make it a two-percent interest rate for the remaining ten years of the loan. With lots of deliberation Council was skeptical about awarding the zero-percent loan but ultimately motioned and passed the application unanimously.

A couple of items on the agenda had to deal with the Christmas on Main Celebration and the Annual Parade of Lights on Thursday, November 21st. This is a yearly custom and tradition held on Wayne’s Main Street and with no changes from last year this action and resolution passed prohibiting parking on Main Street in the 200 block from 5:30-8 p.m. on that day.

Another resolution that Council discussed was reaffirming JEO Consulting Group, Inc as the project engineer for the “Transmission Water Main from North Well Field to City Limits Project”. This resolution passed 7-0.

The final item on the agenda was a resolution authorizing the sale of a lot located on the corner of 10th and Main Street to Ed and Lee Brogie for the amount of $200. This resolution was altered to be published for bids so the sale was not authorized and bids can be made on the plot of city property.

The next regularly scheduled City Council meeting will be held on October 16th from the Council Chambers in City Hall.