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RM 05-02-80
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RM 05-02-80
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11/5/2012 4:18:54 PM
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South Bond Redevelopment Commission <br />Regular Meeting - May 2, 1980 <br />6. NEWIBUSINESS <br />c. (continued... <br />Mr. Butler: Well, actually the <br />original figure of the fixtures was <br />considerably higher, probably in the <br />amount of $80,000 or $90,000 and <br />$31,000 plus depreciation. The display <br />bulkheads (display units generally), <br />checkout counters are also immovable <br />fixtures. <br />Mr. Cira: You can move checkout counters. <br />Mr. Butler: Yes, but these are <br />fixed. They are referred as immovable <br />fixtures because they are fixed to the <br />,property (to the improvements). The <br />carpeting, built in light, built in <br />prescription drug shelving, drinking <br />fountain and items as such. The movable <br />store fixtures (things that can be <br />moved) the greeting card rack, <br />surveillance cameras, security mirror, <br />etc. <br />Mr. Robinson: On these properties, not <br />particularly about this lease, whenever <br />they get ready to clear the land, is there <br />any type of negotiation for salvage or <br />anything? <br />Mr. Butler: Generally, that has been a <br />factor in the demolition bidder's bids. <br />In a couple of instances the department <br />has made arrangements for sale of some of <br />the fixtures. That was true in the Office <br />Engineers Property. <br />Ms. Auburn: It is my understanding that <br />there is an open end lease with a 30 -day <br />or 90 -day notification on it. <br />Mr. Butler: Well, they have extended it <br />to five years but with the 30 -90 day <br />notice. <br />W. Nimtz: Any questions from the public? <br />M <br />
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