Herald Journal, Feb. 17, 2003
Rocky's in Waverly to change hands, be updated
By Lynda Jensen
The new owners of Rocky's Bar and Grill attended the Waverly City Council meeting to transfer licenses Tuesday.
Jim Walter and Selmer Olson requested for a strong liquor license to be used once the deal closes Friday, March 14.
Other licenses such as pull-tabs done by the Waverly Lions are expected to be transferred as well when the time comes.
The new business will be called Uptown Bar and Grill, Walter said. They plan to make a number of improvements to it, including painting the exterior, Walter said.
Walter asked about adding canvas awnings to the structure, as well as moving the dumpster to the west side. He was told to obtain a building permit for improvements.
Walter and Olson bought the business from Nicole Sinnott, who had a contract for deed arrangement with Jerry Jenkins for Rocky's.
Haggling over the last railroad lot
Two interested buyers offered proposals for the final railroad lot, located at lot one, block two in the Waverly Railroad Addition, according to the planning and zoning report.
The first proposal is from Doug DesMarais of Action Drywall for development of a shop and office.
The proposal includes a proposed purchase price for $17,000 with a requested time frame of 18 months. Water and sewer access fees are proposed to be waived as well as the storm sewer assessment.
The railroad committee made a counter offer to include a sale price equivalent of 90 percent of the list price, which calculates to $17,910. Water and sewer access fees of $5,000 would need to be paid along with the storm sewer assessment of $2,000. A time frame of 12 months was asked.
The other proposal was from Marquette Billboards, which included a purchase offer of $19,000. The proposal would include the display of a billboard with advertising.
This offer was rejected because the city wanted something that would house a new or existing business.
Jim Peterson of Lakes Area Realty, who sold the railroad lots, also asked about the future industrial park to be developed by Arcon Development.
A mini storage facility is interested in locating there, Peterson said.
This idea was turned down. Although the planning commission is interested in a commercial park, the the council and committee felt that a mini storage facility would not be suitable for it, according to the zoning report.