SM 07-10-75 - Laserfiche WebLink

Home Browse Search

SOUTH END REDEVELOPMENT COMMISSION SPECIA MEETING: July 10, 1975 Page 12. and...frankly, a lot of people in this room ... Allen Schrager and Allan Bloomquist...have probably a lot better input into what is needed than some people in Chicago, or the fact that whether or not we can rent it- -and that's the important thing- - or lease, or sell or whatever; that's the important thing, and we obviously feel there is a market over there for this type of office space or we wouldn't have gotten involved, and I know that Allen Schrager can support what I say, that we lose a lot of people to downtown because of those ingredients of single occupancy and parking. The Chair called on Mr. Allen Schrager, who responded, "Well, it's not along these lines. I wanted to ask two questions: It is my understanding that the HUD regulations do not permit a drive -in bank. Now, if that is correct, and the bid that the St. Joseph River Bend Development Group submitted was not a responsive bid, and if the land use was changed, it would have to be rebid, or a negotiated bid, am I correct or wrong? Mr. Butler, Commission Legal Counsel, responded, "No, it is not the same thing. We are discussing a specific question Allen with Mr. Jannotta [Real Estate Research Corporation] when he comes down next week, as to whether a drive -in bank or branch bank is restricted- -not by HUD now -- but by our land -use conditions for that particular property, which states, or provides an exception for strictly auto - oriented facilities. President Nimtz added, "What is an auto - oriented use? Is a restaurant an auto - oriented use? One we have been using here is a cemetery- - an auto - oriented use - -and that is a one -way trip!" Mr. Schrager further asked, "My other question was: Kevin, you stated that the people - -the principals involved - -were highly respectable people, and I am sure they are. Now, is that con- fidential, or is that open to the public ?" Mr. Butler said, "So far as we are concerned, we cannot disclose that. HUD does not require that the principals be revealed. Any principal who owns more than 10% of a particular business entity must be dis- closed." Mr. Schrager asked, "The three people that were dis- closed are the only ones that own 10% or more." Mr. Butler answered that he didn't know what percentage they own but that his understanding is that no one owns 10 %. There were three individuals disclosed but the source was not from us. Mr. James L. Marchelewicz, WNDU -TV Reporter, asked the following question of Mr. Taylor: "You mentioned you do have options with International. Is there a real possibility that the two of you can get together, and you could see a restaurant and a motel, and your development? You have a restaurant in yours." Mr. Taylor responded, "Let me answer that in this way. Certainly we are willing to work with International Constructors, in both the area of the restaurant and the area of the housing. The problem we have, we can't work with them in the area of the motel, because that land use is specifically prohibited. Mr. Marchelewicz said, "Yes, but if you could agree and ask for a land use change."