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MINUTES <br />CITY COUNCIL <br />SEPTEMBER 23, t998 <br />*PROCI,AIMING OCTOI3ER S THROUGH 11, 1998 AS CITIES <br />WEEK WITHIN THE CITY OF I,ITTI.E CANADA <br />The foregoing resolution was duly seconded by Fahey. <br />Ayes (5) Morelan, Fahey, Pedersen, Scalze, LaValle. <br />Nays (0). Resolution declared adopted. <br />RiCE STREET/ Mayor Fahey reviewed the letter received from Kim Wise of Cinemark <br />LTTTLE indicating that it was his goal to have a finalized Lease Agreement and <br />CANADA ROAD Development Agreement by the end of September. Given this timeline, <br />REDEVELOP- Fahey indicated to Chris Moarn that it was highiy unlikely his project <br />MENT AREA would be able to proceed in November. <br />Chris Moarn reported that he is discussin~ space plans with CI Title. A <br />lot of what CI Title will do depends on what happens with the theater <br />proposal and whether there is a restaurant on the first floor ofthe buildin~. <br />Moarn stated that he understands the situation and hopes the Cinemark <br />proposal moves forward. Moarn hoped that he would be able to break <br />ground on a project north of Little Canada Road in the spring. <br />Morelan asked if the City was sure that Cinemark had contacted the <br />surveyoer. The Administrator replied that he has confirmed this. <br />Pat Dalton, 30-year Roseville resident, and ] 5-year Little Canada business <br />owner, indicated that he is willing to pay $21 per square foot to move into <br />Little Canada because if the redevelopment project comes together that <br />level of rent will be worth it. Dalton indicated that he is committed to a <br />20,000 square foot space, and was disappointed that the Cinemark project <br />is not moving along faster. Dalton indicated that if the City has an anchor <br />tenant like a theater, the rest of the redevelopment will proceed easily. <br />LaValle asked if Dalton would commit to the space even if the theater <br />project did not proceed. Dalton indicated that while it would make a <br />difference, retail would be more affected than would his business. Dalton <br />stated that he has confidence in the people in Little Canada. Dalton felt <br />that redevelopment must start somewhere, and having an anchor tenant <br />was the answer. <br />Fahey thanked Dalton for his interest in the City. <br />6 <br />