Dublin purchased land for a new park on Bright Road this week.

Dublin purchased land for a new park on Bright Road this week.

During a Monday meeting, Dublin City Council members unanimously approved the $1.5-million purchase of 21 acres at 4279 Bright Road, also known as the Holder property.

Parks and open space director Fred Hahn told council members the land deal has been in the works for 17 years.

"This is exciting," he said. "You will see a wonderful outcome."

According to Hahn the land has been used for agriculture for the past 100 years, but holds history for the city. "ÉThe property includes the Holder-Wright Works, an ancient man-made landform that has critical archaeological importance, a feature the city desires to preserve," the staff report given to council said. "Additionally, the Billingsley Creek ravine traverses the property and is a location of importance for its scenic and natural beauty."

According to the purchase agreement, Dublin can reconstruct the mounds and must make an effort to preserve a nearly 100-year-old house on the property.

Hahn said the park will be planned next year, but it will be passive space and include educational elements.

Washington Township contributed $460,000 to the land purchase.

"I think it will be a very unique piece of property," council member Cathy Boring said.

Council members also approved an economic development agreement that will bring a company that makes custom restaurant equipment to Dublin.

Sertek president Tim Schiff told council members the business is a start up company that was started in January and specializes in stainless steel equipment.

"Our biggest customers are the quick-serve restaurants," Schiff said, citing Rally's and Steak N Shake as customers.

Council approved an economic development agreement with Sertek that will give the company a four-year, 18 percent performance incentive on income tax withholdings collected, which is capped at $32,500.

In return, Sertek will locate at a Shier Rings Road facility and create 60 jobs during the four-year agreement.

According to the staff report, Dublin expects to collect $114,800 in withholdings over the term of the agreement and will pay Sertek $25,200.

Council also approved goals for 2010-11 during Monday's meeting.

Interim city manager Marsha Grigsby said Terry Foegler compiled the list before his resignation.

Goals for Dublin include increased communication with the business community to optimize Dublin's business environment, the development of a 21st-century learning community for life-long learning and the completion of the Bridge Street corridor plan.

City council will meet at 6 p.m. Monday, Oct. 4, for a study session on the Bridge Street Corridor plan, which outlines possible future development and redevelopment in Dublin's core. The Bridge Street corridor runs along state Route 161 from Sawmill Road to the U.S. 33 and I-270 interchange.