1987-01-13 - Laserfiche WebLink

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I I I Council Meeting Minutes January 13, 1987 Council Business, continued Gunderman asked if there would be any kind of a walkway from store-to-store under an enclosure; Parkhill explained the design shows a covered walkway but noted it has not yet been decided if it will be fully enclosed, indicating the tenants don't always feel the enclosure is worth the added cost. Parkhill added some centers have doors that swing up for three seasons and remain down in the winter; that is under discussion and final intent will be included in the final plans. In response to Williams's question, Parkhill stated T. J. Max would be an example of a discount retailer of soft goods. In response to Gunderman's question of acquisition of existing properties, Locke stated we have attempted to be generous in terms of cost of acquiring the properties: (1) the amount to be paid for the land; (2) cost of fixtures in the buildings that would not be movable but not part of the property cost per se; and (3) relocation assistance is fairly tightly defined by federal regulations. Although the City has tried to be not too generous, it has also tried to be not too conservative. Locke further indicated that estimates had been done by Jack Bagley, a relocation specialist. Benke asked how this Agreement is structured, if any bonus incre- ment applies toward reducing the city's exposure versus as things develop; and if it is a maximum that can be reduced. Locke responded any additional development above the mlnlmum is additional tax dollars to the city which will go toward picking up more costs of the project; there is no discount on the land for putting more on it. If either the cost is lower or the value is higher, the city benefits; does not expect the cost to be higher as the city has attempted to be on the high side. Brandt asked when the market analysis would be finished; Parkhill indicated the analysis will be done by Retail Sales Systems, Inc., the recognized authority; they take into consideration present, under construction, and, to the best of their ability, centers in the planning stage. In the event the developer does not go with a grocer, the soft goods people usually do their own study because their product is unique among themselves. Knowing the final architectural plan will be finalized once the uses of the center have been established, Williams asked if an architectural style had yet been determined. Parkhill indicated the style would be dependent on the primary tenant and they would also try to accommodate a few of the major tenants; however, he indicated there will be glass and brick. Parkhill further noted the building would have a mansard roof with the overhang and would not be a period piece. Page Thirteen