The Hillsboro City Council met on Tuesday, Aug. 20 where they approved an agreement for the city to take over the bowling alley. “As we have discussed since spring, Hillsboro Development Corporation wants the city to take over ownership of the bowling alley to ensure that the operations continue. In the agreement the city would receive the bowling alley, all the equipment and existing bank accounts for the sum of $1. There are no outstanding liabilities against the property or operation. The value of the accounts is likely to be more than $20,000 which will be used to support operations at the alley. The city will pay the closing costs and cost of any inspections. There are no stipulations on the use of the alley applied to the sale,” said Hillsboro City Administrator Matt Stiles. Stiles explained that the intention is to keep the bowling alley as a separate unit from the normal city funds.
Source: Hillsboro Free Press
