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CC PACKET 07121988
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CC PACKET 07121988
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12/30/2015 4:31:02 PM
Creation date
12/30/2015 4:30:38 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 07121988
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5 <br /> • 1 similar opposition from the Councilmembers during the conversations <br /> 2 which followed Commissioner Madden's report. <br /> 3 The general consensus was that the mural would do nothing to correct <br /> 4 existing signage problems in the center and that it would be better <br /> 5 to defer any action on the center until after the center owner's <br /> 6 representative, Joe DiSanto had met with Councilmembers and Commis- <br /> 7 sioners later this summer.. <br /> 8 Councilmembers told Mr. Johnson they were not failing to recognize <br /> 9 the improvements which the managers had already made in the area, <br /> 10 including the uniform painting above the storefronts and the black- <br /> 11 topping of the parking lots nor the fact that .better communication <br /> 12 between the City and the owners had resulted from changes in person- <br /> 13 nel in both the owners' New York representative and the Eberhardt <br /> 14 Company. However, the perception continued that much more had to be <br /> 15 done to keep the center from deteriorating to the point where it <br /> 16 matched the condition of the shopping area adjacent to theirs on the <br /> 17 southwest. <br /> 18 Mr. Johnson responded by saying: <br /> 19 *the mural which could be paid from center cash flow monies, <br /> 20 had only been requested as a means of dressing up the back of the <br /> 21 center, which was exposed to Kenzie Terrace traffic and the view <br /> • 22 from the City fire station; <br /> 23 *the managers have requested the City help towards getting some <br /> 24 sort of financing within the 5% to 8% interest range. to pay for <br /> 25 uniform signage which would cost from $150 , 000.00 to $200,000 . 00 and <br /> 26 could never be saved from the cash flows; <br /> 27 *it's not realistic for the City to expect the owners to put a <br /> 28 million or two dollars into a center for which property values and/or <br /> 29 rents could never be expected to be raised to levels which would <br /> 30 cover that type of expenditure; <br /> 31 *the owners rather resented the fact that the City had failed <br /> 32 to give any sort of recognition of the money they had already spent <br /> 33 in the last year towards improving the center or the fact that the <br /> 34 type. of signage had been upgraded for each new store which went into <br /> 35 the center in the last few years. <br /> 36 The response to these remarks was: <br /> 37 *that the City welcomed better communications with both the <br /> 38 owners and the Eberhardt company after so many years of getting no <br /> 39 response to either letters or calls; <br /> 40 *the Council did recognize improvements were starting_ to be <br /> 41 made but were concerned they wouldn't go any farther; <br />
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