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Park Theatre, police station to get more discussion Tuesday
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A McMinnville Building and Grounds Committee meeting will be held Tuesday night to discuss Park Theatre renovation and a new facility for McMinnville Police Department.Officials requested information on bonds and interest rates to finance a $1.8 million Park Theatre renovation during their meeting Aug. 9. That information will be available Tuesday night.“I think we received the information today,” said city administrator David Rutherford on Friday. “It will be presented to officials Tuesday night.”Until the information is given to board members, Rutherford would not release any specific facts.In past meetings, the city has estimated annual debt service on 20-year bonds to be $120,000 a year, while Park Theatre Group members anticipated debt service payments to be $102,000.When it comes to the police department, Building and Grounds Committee members requested the city’s legal counsel to review the lease agreement between Regions Bank and the city on Aug. 9.“Before we spend $1.5 million on another building, I think we could consider moving our tenants out of the building,” said Alderman Rick Barnes.Currently, Regions Bank is housed on the first floor of city hall.