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South Ben0edevelopment Commission <br />Regular Me ting - January 10, 1986 <br />6. NEW BUSINESS (Cont!) <br />c. c:ontinuea... <br />pointed out the project site on an aerial <br />photograph. The existing south building is <br />planned for demolition. The north building <br />consists of approximately 54,000 square feet. <br />The plan is to develop a mixed -use condominium <br />project which would include residential, <br />cormercial and retail. The retail and <br />copraercial portions would be on the first <br />floor, along with secure inside parking for <br />the owners of the residential condominiums. <br />The residential condominiums will be located <br />on the top two floors. The parking code <br />requirements are being met. Presently all the <br />conraercial and retail space is tentatively <br />conmitted. He anticipates that there will be <br />approximately six condominiums committed <br />within the next 60 days. Construction bids <br />ar being accepted for the first floor <br />conmercial, retail and parking sections. Bids <br />for the residential condominiums will be taken <br />wi in approximately ten days. Construction <br />is anticipated to begin with 30 -45 days. <br />Mr. Hunt noted that the staff gave a favorable <br />recommendation for the application for real <br />property tax deduction based on the project <br />being located within a redevelopment target <br />Mr James Miller, attorney for the petitioner, <br />lained that the taxing of the condominiums <br />wi 1 be assessed as individual parcels. <br />Upon a motion made by Mr. Piasecki, seconded <br />by Ms. Auburn and unanimously carried, the <br />Co ssion approved Resolution No. 763 <br />approving an application for real property tax <br />d. Ccnmission a roval requested for a Contract <br />for Consulting Services with Albert Fout <br />Dr vided to the Bureau of Housinq. <br />Ms Holston explained that this is a renewal <br />of Mr. Fout's contract from 1985 providing <br />se ices for preparing cost books, Rental <br />Re lab assistance, and preparing general <br />conditions and standards. The hourly wage <br />r ins at the 1985 amount of $7.98 with a not <br />to exceed amount of $10,000. <br />-7- <br />COMMISSION APPROVED <br />RESOLUTION NO. 763 APPROVING <br />AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION <br />