10-09-89 Human Resources & Economic Development

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Human Resources and Economic Development Committee October 9, 1989 Page 3 Council Member Luecke briefly summarized the current position. He noted that the Mole Hole operation would be moved to the Opelika Building. There is interest to lease approximately 14, 000 square feet with a need for two additional leases to pay for the exterior improvements needed. Tuck pointing was necessary and replacement of the first floor windows was proposed for the Spring of 1990, as well as completion of masonary work. Mr. Boyer stressed that he needed "gap financing" . Following much discussion, Council Member Luecke questioned the Council Attorney whether the proposed $335,000 line item entitled acquisition fund could be deleted from Bill No. 85- 89. He was advised that it could. Ann Kolata stated that there must be a firm commitment with regard to time tables. Council Member Slavinskas asked whether funds were available for loans for this type of project. He noted that Mr. Boyer has a strong desire and enthusiasm for the development of the property. He stated that he preferred the private sector to do such development as oppossed to the government. He stressed that the parties should be brought together for a continuing educational process and suggested that a six- month to one year extension be considered. Council Member Voorde questioned whether the commission has a goal for the north building. He noted that everyone agrees that the south building should be demolished. Ann Kolata stated that the building would be placed for sale if acquired. It was noted that it is a "A-3" Zoning Area. She stated that the private sector would dictate the overall use within the A-3 classification. Council Member Soderberg stated that he was not in favor of putting the building on the acquisition list earlier. He stated that Mr. Boyer should be able to develop his own property, and stressed that he does not like the economic development becoming the landlord. He also stated that he was oppossed to an additional $15, 000 being used for the Seitz Park. Ann Kolata noted that the extension and the proposed $15, 000 appropriation would be to allow public parking. Following further discussion, Council Member Voorde made a motion seconded by Council Member Zakrzewski that Bill No. 85-89 be amended in the title by replacing the $350,000 with $15, 000 and to delete line item "UR89-003 Acquisition Fund $335, 000" and to replace the total to a figure of $15, 000. The motion passed.