02-24-10 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL FEBRUARY 24, 2010 MARCO- Rice Street with the relocation of Viking Drive. This parcel is 18,160 TH36/RICE/ square feet in size and is adjacent to property owned by R. J. Marco. VIKING DRIVE R. J. Marco is contemplating the development of a 5,000 square foot PROPERTY retail building on this site, while combining it with some adjacent property. The Administrator reported that R. J. Marco is offering $5.50 per square foot for the property which is $100,000. The Administrator indicated that the County has the value of the Land estimated at $6.34 per square foot using an average of the values of land making up this parcel. The Administrator noted that the City did project land sales associated with the relocation of Viking Drive and the ultimate redevelopment of the area. The price proposed is within the parameters the City contemplated. He noted, however, other than the County's estimate, no other analysis has been done to determine the appropriateness of the offer. The City Administrator reviewed the proposed purchase agreement and indicated that the word "Seller" under RECITALS B. should be changed to "Buyer". Also under CONTINGENT OBLIGATION the date "April 1, 2010" should be changed to "June 1, 2010". The Administrator also noted that the proposed development of this site may not require zoning approvals; however, architectural review will be necessary. Ryan Politz, R. J. Marco, appeared before the Council and reviewed the development concept they are proposing for the site, a 5,500 square foot retail center. He reported that they have a Subway as an interested tenant. There would be two additional retail spaces, but have not finalized tenants for those spaces. Politz reported that they are working on acquiring some adjacent property to combine with the City lot. Politz felt it is very likely that they will be able to obtain that additional land. The City Administrator noted that the purchase agreement is contingent on R. J. Marco being able to acquire the adjacent site. Montour asked if parking requirements will be met. Politz reported that the site plan meets the City's parking requirements. The Administrator again noted that architectural review will be necessary. The development will have to meet the City's Architectural Guidelines for General Business properties along Rice Street. The Administrator suggested that the Council provide some input on the proposed site plan. Montour asked if awnings are allowed under the Architectural Guidelines. The City Administrator thought that they were. Keis suggested that architectural elements be added so that the structure does not look like a typical strip mall. Montour expressed concern about Tenants that would 10