10-14-87 Council Minutes - Laserfiche WebLink

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PIINUTES City Council October• 14, 1987 Center•ville they r•eceived a r•easonable r•etur•n on their• investment. However~, Road Par~k Butler felt that the City should consider that the whole ar~ea is Pr•oposal capable of suppor~ting office and light-industr•ial development (Cont.l which would gener~ate about $1.5 million in taxes and as much as $150,000 dir•ectly to the City each year•. Rather• than the expense of a par~k, the City could be der•iving the benefit of $150,000 in taxes fr~om the pr•operty. Butler• suggested that ther~e may be mor~e mar•ginal pr•oper~ty in the City with a pr•ice tag of $2,000 to $3,000 per• acr~e that would be suitable to the development of a recr•eational facility. However~, Butler• stated that his fir~m would do whatever• it could to cooper~ate with the City. Butler• also pointed out that r~efer~ence was made to the $80,000 per• acr•e that he was asking for~ his proper•ty, and pointed out that a proper~ty is wor~th what someone was willing to pay for it. Butler• r•epor•ted that he has fi r•ms that ar~e i nter•ested. i n 1 ocati ng i n this ar•ea, however•, AIC has other• sites available besides the Center•ville Road ar•ea. Butler• suggested that per•haps the City could still establish a por~tion of the tax base in the Center•ville Road ar•ea and swap some land for~ the mor•e mar•ginal land on the nor•th. However•, Butler• stated that he would not stand in the way of the City's par~k pr~oposal. Mark Lendway, past pr•esident of the Recreation Asosciation, stated that he wanted to pr•eser•ve subur•ban living in Little Canada. Lend~~ay noted that if the Center~ville Road ar•ea is not developed as a par~k, it will develop industr~ially. Lendway was in favor• of the pr~oposal. Rod Kleiss r•epor•ted that he r•ecently moved to Little Canada because of the quality of life in the ar•ea. Kleiss r•epor~ted that his childr~en have become involved in the City's recr•eation program and this has helped them integr~ate into the community. Kleiss felt the pr•oposal would fur~ther~ enhance the quality of life in the City and agr•eed with Lendway that the City will see industr~ial development on the site if the proper~ty i s not acqui v~ed for• a par•k. Fr•ank Fr•attalone, son of Dave Fr•attalone, one of the pr~oper•ty owner•s of the Centerville Road property, reported that his father is in favor of the pr~oject and would like to see his agr•icultur•al land pr•eser•ved in par•k land. Fr•attalone stated that his father~ is willing to negotiate wi th the Ci ty on hi s pr~oper•ty. Mr•s. Bibeau, another• pr•oper•ty owner• of the subject pr•oper•ty, r~equested that i f she sel l her~ pr~oper~ty to the Ci ty, her~ house be excl uded fr•om the sale as she has willed her• house to an heir•. S1 im Fr•attal one, pr•oper•ty owner• on Center~vi l le Road, asked i f the Ci ty would be pur•chasing homes along with the par•k land, pointing out that his homes ar•e for• sale and felt they would decr~ease in value being located across the str•eet fr•om the par•king lot for~ the pr•oposed par~k. Page -7-