02-25-98 Council Workshop Minutes

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MINUTES CITY COUNCIL FEBRUARY 25, 1998 Fahey updated those present on where the City is in the redevelopment process. The City Administrator suggested that the Development Agreement would contain the appropriate guarantees so that the City can begin acquiring property and know our obli~;ations will be covered. Wise has estimated a 60 to 90 process to finalize the Development Agreement. Fahey stated that the City needs to know if the 9.8-acre site will work. The Administrator reported that Wise's initiai reaction is that it will work, however, his preference is that the Winter's property be included. The Administrator pointed out that Cinemark will also need to sign off on the proposal. Morelan asked why First Bank Drive was proposed to be eliminated. The City Administrator pointed out that this would add developable land into the project. Fahey pointed out that the shopping center wants to align Market Place Drive with County Road C-2, which would move Market Place Drive further to the south. The Administrator pointed out that Market Place Drive would be located just north of the DeLonais property. First Bank Drive is located just to the south of the DeLonais property. Morelan was concerned that traffic circulation would be a problem if First Bank Drive is eliminated. The Administrator pointed out that under Option C, First Bank would be eliminated. This eliminates the drive- through usage that requires circulation around the site. However, traffic circulation for any proposed development would have to be studied. Fahey suggested that Michael Schroeder look at the area and prepare some dia~rams and layouts showin~ development potential. Fahey su~gested that if the City presents Cinemark with some diagrams, this may move the process along faster. Once a layout is agreed to, Fahey suggested that the City could talk to affected property owners and begin acquiring property. The Administrator pointed out that Cinemark wants the City to define the site, and then they will begin work on site drawin~s. Fahey felt the City should give Cinemark a site drawing as well, and sug~ested that a draft of a development agreement be submitted to Cinemark by Friday. The Administrator suggested that he have Michael Schroeder look at Option C to determine if the site can work from an urban desi~n standpoint. The Administrator suggested that anything beyond that would be an exercise in futility since the City does not know how Wise wants to