04-14-99 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL APRIL 14, 1999 REQUEST FOR Mr. Perry Linn appeared before the Council requesting City assistance CITY TO in assembling property on Rice Street so he can develop a tire store/ ASSEMBLE office/retail complex. Linn indicated that the first step would be to obtain PROPERTY - appraisals on the property. If the appraisal amounts are such that he would PERRY LINN be interested in pursuing the site; the next step would be to draft a development agreement relative to the terms and conditions of his acquisition of the property. The City Administrator recommended that appraisals be obtained on the properties in question, 2600, 2616, and 2620 Rice Street. Once that information is determined, Mr. Linn will be able to determine the financial feasibility of his project. If it proves to be feasible, a development agreement would be drafted outlining the terms and conditions of the City's assemblin~ the site. The Administrator noted that Mr. Linn is requesting City assistance in assembling the sites through the possible use of eminent domain, but is requesting no financial assistance in developin~ the property. The Administrator also noted that the Linn proposal would redevelop an area that has been a long-standing area of concern. Mr. Jay Reiling, Wild North Properties, LLC, expressed concern with the possibility of the City providin~ assistance to assemble parcels for Mr. Linn's development. Fahey pointed out Mr. Linn has indicated that he has been unable to reach agreement with the property owners for the purchase of these sites. Fahey also noted that at the time Wild North Properties purchased 2600 Rice Street, they were informed ofthe City's interest in assembling 2600, 2616, and 2620 Rice Street for redevelopment. Reilin~ reported that he and Charles Drake have been working toward the redevelopment of their property. Reiling felt it was important to state that it was not necessary for the City to condemn this land in order to get the site redeveloped. He and Drake were willing to do that themselves. Reiling presented Yhe Council with dia~rams showing how they intend to redevelop 2600 Rice Street. Fahey asked if these diagrams have been presented to City staff prior to this meeting. Reiling indicated that they have been presented to the City Pianner. Scalze noted that the redevelopment plan submitted by Reiling proposes four buildin~s on one piece of property. Reiling described their redevelopment plans, and commented that he would propose to combine the three properties and redevelop them with a