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Other Developments <br /> Brighton Village <br /> Fernelius reported that the City had a meeting with Kraus-Anderson and a hotel developer last <br /> week. The hotel developer is planning a 90 to 95 room extended stay hotel which would sit on <br /> two acres of the site that they would purchase from Kraus-Anderson. The hotel wants tax <br /> increment assistance, which is an issue since the whole site is already under a tax increment <br /> district. Kraus-Anderson has stated that they are no longer interested in the tax increment <br /> district, however the hotel has not indicated how they would use the money, and another meeting <br /> has been set up for next week to discuss a more specific plan. <br /> Stang inquired if the hotel owner has additional hotels in the area. Fernelius replied that the <br /> owner has six other hotels and one extended stay hotel. Kaufhold inquired if the City could push <br /> the realignment of the road. Fernelius replied that a realignment of the road has not been on the <br /> plans that the City has looked at. The City has been telling Kraus-Anderson that is wants a <br /> comprehensive plan for the entire site, not just the hotel. <br /> Flahave inquired how the neighbors in the area feel about the hotel coming in. Fernelius replied <br /> that for the most part the neighbors are happy that something is being done with the site. <br /> However, several neighbors have been complaining about the demo pile that has been left on the <br /> site. Kraus-Anderson has agreed to an immediate cleanup of the debris and remove the existing <br /> pads. <br /> Delaune asked if the bank will be included in the redevelopment. Fernelius replied that the bank <br /> will not be included. Stang asked if Champps would be going forward with their planned <br /> expansion. Fulton replied that since Kraus-Anderson purchased Champps, revenues have fallen <br /> short of what was predicted and the expansion has been put on hold. <br /> Marv's Transmission Property <br /> Fernelius reported that a development agreement is in negotiations to redevelop Marv's <br /> Transmission into a small office building. The building will be subdivided into separate <br /> condominium suites and sold to professional office users. <br /> Taylor Property <br /> Fernelius announced that a developer is interested in this site for a corporate office. The building <br /> would be roughly 40,000 square feet. The developer has discovered a large debris pile on the <br /> site and is interested in receiving a tax increment assistance to help with the cleanup. <br /> Other Updates <br /> City Manger Recruitment Process <br /> Larson reported that ten firms have submitted proposals. Council will be looking at each one <br /> and then select three firms to interview next week. A firm should be selected by the end of the <br /> month. The Council is hoping to have a new City Manager in place by October or November of <br /> this year. <br /> Page 4 of 5 <br />