The New Ulm City Council spent the majority of its meeting on Tuesday discussing a purchase agreement for city-owned property on the south edge of the downtown area. Eagle Development intends to redevelop the city parking lot property at the corner of 1st South and Minnesota Streets into a multi-family apartment building. City Manager Brian Gramentz says the sale is good for the city because it will provide more housing in the downtown area and generate property taxes eventually. The site is currently used for free parking year-round, and a Farmers Market in the summer. The property sold for $125,000, and the apartment project is scheduled to start in September. The City will help relocate the Monday evening Farmers Market. In other business Tuesday, the New Ulm City Council held the first reading of an ordinance amending City Code to allow alcoholic beverages to be sold during amateur athletic events at city-owned facilities and parks as long as all athletic participants are over 18. The council also called for bids on a proposed $2.8-million worth of Utility, Street and Alley improvement projects for this summer.