10-22-08 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL OCTOBER 22, 2008 Administrator noted that some of the things that need to be done to prepare the site for redevelopment include relocation of the existing storm water pond to make the site more developable, soil correction work, and the evaluation of the acquisition of some additional properties on the north side of Ryan Drive. The Administrator also indicated that Tax Increment Financing will likely come into play to offset some of these costs. The Administrator indicated that the site will qualify as a TIF District. He also noted that from initial contacts with the Watershed it appears that relocation of the pond would be allowed. Blesener noted the redevelopment that has been occuiz~ing in the general area including the remodel of the former Knox building, the proposed redevelopment of the former Levitz building by HOM Furniture, and the development of the union building. Blesener suggested that it makes sense to work with Fra-Dor on the future redevelopment of their site. Frank Frattalone, 3205 Centerville Road, indicated that he would like a 10 year re-issuance on his IUP, but understands the City's objectives in getting the area redeveloped. Frattalone pointed out that he has been doing development on the Fra-Dor site for the past 20 years, outlining the history of the demolition landfill permit he has for the site and work done to make the property a usable piece of property. Frattalone discussed the soil conditions in detail and suggested that smaller buildings on engineered floating slabs may be the most feasible development. He noted that there is 35 feet of fill on this site which would likely have to be dug out to support a large building. He also indicated that there may be the possibility of constructing two 40,000 square foot buildings on this site. Frattalone agreed that TIF may be a necessvy tool to get this property redeveloped. Frattalone indicated that this evening he had three possible redevelopment diagrams to present for his property. He indicated that while working toward readying the site for redevelopment, he would like to have his IUP extended. Frattalone indicated that he has been in discussions with the two property owners on the north side of Ryan Drive relative to his purchase of these lots. At this time, the property owners are open to discussing the potential sale. If the two properties are acquired, Frattalone indicated that he would take down the buildings and move Ryan Drive further north, thus making the Fra-Dor site larger and more attractive for redevelopment. Frattalone stated that he wanted to be clear that he has already been redeveloping the site. He pointed out that he has purchased the former Groundskeeper site to join with the Fra-Dor site and make a larger piece of property.