03-08-95 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL MARCH 8, 1995 Collyard suggested that rather than refund the $7,500, the money be put toward the cost of the consulting group. Collyard reported that The Venetian Development Corporation would like to contribute these dollars toward the study so that they might have first crack at the project. Collyard suggested that the consulting group look at what The Venetian Development Group. If for some reason their development team doesn't meet the criteria, then they will say they gave their best effort. Collyard felt that they could put together the best project the City has ever seen, that will identify the City and be a long-term project that will enhance the City. Fahey stated that he supported the refunding of the deposit. Fahey pointed out that he is relatively new to the Council, and in January had asked the Council to wait and see what The Venetian Development Corporation could produce. Fahey stated that he did not give Collyard's comments much credibility in terms of statements that he has made about tying up various pieces of property only to find that this is not the case. Fahey pointed out that the City has a major tenant wondering why the City is participating in a project that is enticing tenants from their building. Fahey pointed out that the City is reluctant to remove the Market Place Shopping Center, and is not sure it is a good idea to do so. There is also question about whether or not senior cottages make sense. Fahey felt it time the City take control of the planning for redevelopment of Rice Street. As a result of that planning, Fahey stated that he would not be surprised if it is recommended that the Market Place Shopping Center stay where it is. There may be room in that area for an additional senior high-rise. Fahey pointed out that there is nothing that would preclude Mr. Collyard from continuing to act in his capacity on behalf of The Venetian Inn. However, Fahey stated that he was not comfortable with Collyard's representing the City as its chief developer. Fahey stated that from his standpoint, hiring the consultant group to prepare the development guide was the right decision. The City wants to assist The Venetian Inn and the Market Place Shopping Center and end up with a good redevelopment project along Rice Street. Fahey stated that he would feel comfortable knowing that people representing the City's interests 16