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South Bead Redevelopment Commission <br />Special Meeting - June 12, 1980 <br />6. NEW BUSINESS <br />b. Mr. Robinson: I am not talking about <br />he neighborhood, I am talking about <br />our neighbor. Do you feel they have <br />ecreased the value ofthe property <br />that Mossberg owns? <br />. Szarwark: Certainly. <br />. Cira: I can see why you are that <br />chnical, because if you are going <br />be purchasing some additional <br />operty, but you are not, you are <br />st going to utilize the property <br />at you presently own. What are <br />u going to use for parking if you <br />e going to build on your parking lot? <br />Mr. Szarwark: We have directly behind <br />ossberg some additional real estate <br />which has been rented out. The lease <br />xpires in December of this year, and <br />at that point in time the lease will <br />not be renewed and that land is already <br />suitable for parking space, as a matter <br />of fact, it is paved. I believe there <br />is a fence surrounding the lot also. <br />It is just a question of repairing <br />he fence and using that as property. <br />There is also a parcel of land across <br />he street. It is vacant. And it <br />will be leased for parking while the <br />building is being built. <br />Mr. Cira: What is the cost of your <br />planned project? <br />Mr. Szarwark: It is $750,000, exactly. <br />Mr. Cira: Over ten years what will that <br />save in taxes? <br />Mr. Szarwark: $12,500 a year approximately. <br />Mr. Butler: That, of course, would be <br />the average. <br />Mr. Ellison: That information is purely <br />illustrative. As I see it the Commission's <br />job is not to determine public benefits <br />directly. As I understand it, it is <br />8 <br />i <br />