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COW OF REQTJEST FOR COUNCIL CONSIDERATION Agenda Section: 14. P EW RT Report Number:95-1476TIS AGENDA SESSION DATE October 2, 1995 Report Date: DISPOSITION Item Description: Discussion of Update Highway 10 Redevelopment p nt Activities Administrator's Review/Recommendation: - No comments to supplement this report - Comments attached. ry(attach supplement sheets as necessary.) alatiMARL The following is an update on several properties along Highway 10 that are being 2625 Hi hwa 10 Blue House near Hardees ; considered for redevelopment. I have offered the owner, John Hildreth, $125,000 in cash for thero ert , about the offer and has not given me an answer. I left a message on his machine today and will be requesting his answer by Friday. I should have more information for ou byp p y Mr. Hildreth wanted some time to think Y the work session. I spoke to Mike Denny of Griffin Realty, one of three of the developers I called rear property. Mike said that the property is ideal for a gas station but realizing that this would not may work for an office building but he would need to do further research regarding the best use for the leases prior to pursuing the project. He did say that a commercial use is definitely be our desire he said it would be to the City's the roe toct purchaseHeid the property, and as a developerhewaytwouldced and that it would developerst throughthformaladvrequest for qualifications.aroI am still waitingket all way ao proceed to s v r that it p p y, clear the site and market three lots to several Ryan Companies. for comments from Opus Corporation and IVacant Lots next to Blue House) At my request, Spring Lake Park Realty had an appraisal done on the propertywhich $80,000. (See letter attached). I am not sure if this was an internal appraisal or an official appraisal. Therefore, will be requesting a copy of the appraisal and hope to have somethingprior they said came back at p for to Monday evening. 2975 Hi hwa 10 Auto Central ; I wasnot able to reach the Mullins, owner of the property, prior to the packet. Hope Monday evening, to have more information prior to K-Gas Site: I spoke to the owner of the K-Gas Site to request that he remove the fence and consider This will allow for easier marketing of the site. He needs to discuss this with the general will get back to me. In addition, the EDA may want to consider purchasingoption demolishing the building. 9 al manaoperty rty the property and of the site. The asking price of the property is$175,000 but the owner would settle for$135 000. $135,000.