03-04-98 Council Workshop Minutes

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MINUTES CITY COUNCIL MARCI~ 4, 1998 times the appraised value of the property. Lendway indicated that this is about half of what they paid for the property. Lendway reported that Tierney's Liquors is willing to remodel their building. Lendway reported that Tierney's Liquors does not want to move and does not want to lease. Lendway indicated that when Gary Collyard was talking with property owners, he asked for input fi•om the propeRy owners. Lendway was concerned that the Council has indicated that they could not guarantee that Tierney's would be relocated on Rice Street frontage. Fahey replied that he said the City could not guarantee that Tierney's would be relocated on a separate pad. Lendway felt that his business would not survive if it were not located on Rice Street. Location is everything. Lendway expressed concern about not being able to have input on this issue. Fahey pointed out that the Guerin's want to sell their property as does The Venetian Inn and Ultimate Golf. The majority of the Rice Street property owners in the redevelopment area are willing to sell. Fahey stated that if the theater wants to locate south of Little Canada Road, the City will have to work with the effected property owners. However, individual pads for the liquor store and pawnshop would not provide the density that is needed to make the entire redevelopment project work. Fahey indicated that ifthe only option Tierney's is agreeable to is to be located on its own pad, the City needs to know that. Lendway indicated that he realizes the City must do something. However, without Rice Street frontage, Tierney's is dead. Lendway also pointed out that Tierney's cannot afford to be out of business for any extended period of time. The City Administrator pointed out that there is a provision in the development agreement outline that states that businesses being relocated wouid have to be in their new facility within 48 hours of closing the door at their existing location. Fahey pointed out that it was only a month a~o that the south site became viable and pointed out that tbe City does not have a signed development agreement at this point. Fahey indicated that the redevelopment project needs a magnate, and that the City wants to minimize the impact that redevelopment will have on the existing businesses. Lendway again expressed concern about being fairly compensated for his business as well as the location existing businesses might be relocated to.