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Planning Commission Regular.Meeting Minutes March 17, 1998 • Page 4 1 Mr. Warner noted this would be an effective tool for the community but will take time to 2 complete and time is of an essence to Krause/Anderson and to Robodyne. He stated he felt that 3 Robodyne would fit well in this area and the community. They will update the building and will 4 be a good neighbor. 5 Commissioner Gondorchin stated he was disappointed that there were no plans available for 6 review this evening. He expressed that he did not want this body of land to become landlocked 7 when it could become part of an overall theme development as a result of the pending Land Use 8 Master Plan. He asked if Mr. Alvite was considering constructing a new building. -9 Mr. Warner stated Mr. Alvite had no interest in constructing a new building. He has been 10 offered a 51,000 square foot building at Bandana Square in Energy Park with tremendous 11 financing but the Town/Country building has a much better rate structure on a per square footage 12 basis. The Town/Country offer will allow Mr. Alvite to keep his finances in hand and invest 13 them in the building and then at the end of five years provide an opportunity to renew the lease 14 or purchase the building. 15 Commissioner Gondorchin questioned how much of the building Mr. Alvite would occupy. Mr. Warner stated Robodyne would utilize 20,000 to 25,000 square feet initially. He would be given 90 days to get the facility built out for his use. He would pay the utility costs upon 18 occupancy. He would pay the operating costs on the vacant area until he is ready to utilize the 19 space or finds another use for the space. Mr. Alvite believes he will require the additional space 20 within five years. 21 Commissioner Gondorchin asked if Mr. Alvite plans to lease out the vacant space and noted 22 there could be multiple tenants in this building. 23 Mr. Warner stated he did not know of another use which could utilize the remaining 6,000 square 24 feet. Robodyne is growing at an incredible rate and will require the space within a short period 25 of time. Mr. Warner apologized for not providing a preliminary plan. He stated he had only 26 learned of this meeting two days ago and would provide a plan at a future meeting. 27 Commissioner Gondorchin complimented Mr. Warner on a thorough and informative 28 presentation. He asked what conditions compelled Krause/Anderson to want to redevelop the 29 property in this manner. 30 Mr. Warner stated that last year Krause/Anderson sold three properties of the 60 shopping 31 centers that they own. They want to pick up another project to develop. Commissioner Gondorchin asked if a retail development at this site is attractive to 16 Krause/Anderson.