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MINUTES <br />CITY COUNCIL <br />FEBRUARY 15, 1995 <br />24-year old building for the good of the City. Fahey <br />stated that he would like a higher comfortable level <br />and someone with some experience representing the City <br />saying that this is a qood project. <br />Scalze felt that the cottages interfere with the flow <br />of the project. Scalze was also concerned about the <br />location of the hotel. <br />Collyard pointed out that the hotel is a two-story <br />structure, therefore, will have profile from Rice <br />Street. <br />Fahey asked if the hotel would have banquet facilities. <br />Collyard replied that it would. The Venetian Inn would <br />operate the restaurant in the hotel as well as the <br />banquet facilities. <br />Scalze asked how the theater would compare with the <br />Roseville 4. <br />Collyard replied that the theater would be larger and <br />more upscale than the Roseville 4. The theater would <br />be a national chain that would get first-run movies in <br />their second week of release and would charge a dollar <br />less admission than the first-run theaters. <br />Fahey asked the City Planner his opinion on the senior <br />cottages. <br />The Planner stated that he believed that senior housing <br />in that location was a good fit with the Gateway <br />Project concept. However, the cottage concept has had <br />problems in other locations, and the Planner would <br />recommend that this concept be scrutinized by the <br />Council. A significant amount of subsidy would be <br />required for the cottages, and it appears that when the <br />subsidy runs out, rents would sky-rocket. <br />Fahey asked if a senior project similar to Presbyterian <br />Homes would be better. <br />The Planner replied that that is a different product. <br />The Planner also pointed out that there are different <br />ways to finance senior projects. <br />Fahey asked if the cottages would be guaranteed as <br />9 <br />