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C=TY OF S T . ANTHONY <br /> C=TY C OUN C 2 L S P E.0=AL_ <br /> MEET=N G M 2 NUTS S <br /> AU GU S T 1 , 3- 988 <br /> 1 The meeting was called to order by Mayor Sundland at 7:00 P.M. <br /> 2 Present.: Sundland, Marks, Ranallo, Makowske, Enrooth. <br /> 3 Also present: David Childs, City Manager <br /> 4 Joe DiSanto, Executive Vice President, Victoria <br /> 5 Management Corp. ; New York <br /> 6 Rod Johnson, David Bergstrom, and Betty Ewens of <br /> 7 Eberhardt Company <br /> 8 Mr. DiSanto stated that he represented the owners of the St. Anthony <br /> 9 Shopping Center and was present to discuss the future of the center with <br /> 10 the City Council . <br /> 1 Ranallo stated that he had to leave early, but was pleased that Mr. <br /> 2 DiSanto came to the Council and he felt that it was important that the <br /> 13 shopping center get turned around. <br /> 14 Mr. DiSanto stated that: <br /> 15 *he had become involved with the center in August of 1987; <br /> 16 *former managers were not asset managers (he is a certified property <br /> 17 manager) ; <br /> 18 *communication between owners representatives and the City was very <br /> 19 poor previously and he sensed a need for improvement of this <br /> 20 communication and was taking steps to do so; <br /> 21 *the owners have spent $117,000 to upgrade the center in the last 12 <br /> 22 months - all from the cash flow of the center. <br /> 23 He stated that his marching orders from the owners were: <br /> 24 *commit his time and attention to the center; <br /> 25 *commit all the cash flow back into center repairs. Because of the <br /> 26 low current rental rates, therefore, repairs will be made on a timed <br /> 27 basis; <br /> �8 *to try to obtain financing to upgrade the center. <br />