09-09-98 Council Minutes - Laserfiche WebLink

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MiNUT'~S CITY COUNCIL S~PT~M6GR 9, (9)8 Fal~ey asl<ed wh~t Cinemarl<'s feelin~ was ~bouC tl~e proposal as we]I as the ten~nts. Moarn replied th~t Cinemarl< has seen the plans ~nd are O.IC. with the conce~t. Moarn reporred tl~at he has priced out the buifdin; and the costs seem reason~ble. Nloarn desa ibed the limestone and stucco exterior 1s well ~s indicated that he is proposing to use a l001<-11ii<e slate. Pedersen asl<ed if the proposal encom~~assed the Guerin/B~idgeC Power property only. Moarn replied tl~~t it included the bani< property as well. Fahey asI<ed The Venetian [nn if their ~lans to reiocate ii~to this building would be contin~ent upon the theater project proceedin~. Joe Vitale replied that they were. Uniess The Venetian Inn is acquired for redevelopment purposes, they have no need to relocate. Fahey pointed out that given the City's experience with Cinemar(<, it would not seem lil<ely that Che st~tus ot'Yhe the~iter project will be lrnown by November. [[owevc;r, the City is willin~ to do its plrt to get the project finalized. Moarn indicated thet the title comp~ny will need to be asl<ed their commitment to t~he project should Che theater not proceed. This company is eun~ei~tly loc~ted in three locations and wo~iid lil<e to eo~~solidate into one. Morela~~ asi<ed iPthe title company co~iid extend their lelse. Moarn replied that he believes they c~in. Morelan asl<ed Mr. Vifale wh~t The Venetian wt~u(d do if the City acquired its property. Nir. Vitale replied th~t the restlurant would then relocate. T'he VeneYian reloc~tion is ~~ot totally dependent on the YheaYer project. However, they would h~ve to sell their current site in order to ~~elocate. rahey stated th~t i('the the~ter prqject does noc proceed, he did not see the Ciry movin~ forward on ¢hs redevelo~ment of the south site at this tiine. ViYale indic~ted th~t "fhe Veneti~n is not interested in movin~ to tl~e north site if nothin~ happens on the south. Pedersen pointed o~it that The Venetian does noC need to relocate to the north site in order (or a project to proceed on that p~rcel.