02-15-95 Council Workshop Minutes

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MINUTES CITY COUNCIL FEBRUARY 15, 1995 industrial/warehouse area that is accessible, but not retail space. LaValle did not believe the bingo hall would survive in an industrial park without being close to retail. Collyard stated that he has some strategies that he would be discussing with the City. Fahey pointed out that as the retail is developed, the developer will have to make decisions about who the best tenants are for the project. LaValle pointed out that the bingo hall would not need its rent to be subsidized. Collyard stated that he is dealing with Gene Fasciana on some property at Jackson and Little Canada Road. This would be a possible location for the bingo hall. DeLonais asked if Collyard had a lease with the bank. Collyard replied that he had a letter of intent. Fahey asked at what point does the Council approve or disapprove of the various concepts being worked on. Fahey suggested that the City needs some outside input on the feasibility of cottages, for example, and whether or not the eastern portion of the Market Place Shopping Center property is a dead area. Fahey felt that before the Council signs off on the concept it should have information from someone representing the City which says that the cottages are a good development and make sense for the City, and that the hotel concept makes sense. Fahey stated that he did not want to end up with another Market Place Shopping Center 25 years from now. Collyard stated that sometimes the developer isn't as recognizable until he brings in his troops. Collyard felt that when the City finds out who is backing him, it will realize there are outside sources helping to make the project the right one. If the cottages do not cut it, they will not be there. Collyard stated that he has the best subdeveloper he could find, and that subdeveloper is very recognizable. Collyard reported that he has backers who are in the national arena. 6