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Home My WebLink About1978/01/24 - ADMIN - Minutes - City Council - Joint1, 2. Call to Order Ro ll Call Also present Redevelopment MINUTES SPECIAL JOINT MEETING OF CITY COUNCIL AND HOUSING AND REDEVELOPMENT AUTHORITY January 24, 1978 A joint meeting of the Gity Council and the Housing and Redevelopment Authority was called to order by Mayor Stern at 7:00 p.m. The following roll call: Councilmen were present at Ronald Backes Rose Mary Griak Jerrold Martin Martha Elstrom Irving M. Stern The following HR.A Commissioners were present at roll call: .Joe1 Glotter Jane Tschida Dudley Moylan Tom Williams Roger Israel were the Ci�y Manager and Executive Director of the Housing and Authority• � �. Development Pro osals The ExecuCive Director was asked �o describe — the proposala received. The Executive Director prefaced his review of the individual proposals by stating that tlle review being presented is preliminary and that there ie a need for substantial addii:3ona1 information Co make a more thorough review incluciin� siCe pAgneedgforecertifiednfinancialact, public cost, and revenue or tax increment. statements was also mentioned. He al�o indica�ed that after the prel�minary review and addi�Cional inveatigation, a.future jointsalsting could be establis.hed for purposes of a more detailed review of the propo The Executive Director then dh�cr��sentationf which fo11ows below. After t p discussed and asked questivne on each of the that they were pre$ented. R.J. Rooney - Shopping CenCer ar�d Office br.�nging Che tatal devel.opment to the proposal.s in the order the Council and tk�e Authority pro�ects in the same sequence The Executive Director described the proposaJ. for Che 255,000 square £oot enclosed mall and the two separaCe of�ice and commercial build�.ngs 295,000 square £�et. 7.'he �x'oposed site is r S ecial City Council/Authoriry Minutes - January 'l4, 1978 P a total of the Park Center property which would contain `�sablelvalue�of the shopping 20 acres. He identified rhe appro;{imate asses . . Center as being 8.5 million shopping center developm�nt assis�ance with respect to necessary. dolla�rs• The developer has had experience in and may be seeking a land wrin�-dha mightubelc zny sLr�et or utility adjustme Mr. Rooney indic�ted thaC when he earlier discussed the possible project ��ith the Council, it was the understanding L-hat a supermarket might b e located on rhe south side o� F,xcelr�i�r Boulevard. However, if one is located on the north side of Excel:�ior F3oulevard, as proposed in the Ryan Construction project proposal, he would have to consider withdrawing the grocery store from tlis developinent and l�erhaps substitute it with something else. It was indicated that the relationship of these proposals should be clarified. In response L'o a question by Commissioner Moylan, Mr. Rooney indicated that sl�ould a residential project be considered instead of his office developme�lr �djacent tu Wolfe Park, that he woulcl be tlexible and receptive to making some adjustment in his plan. There was some discussion about f�asibility, he is ready to pursue development. Ryan Construction Byerly Supermarket and Mr. Rooney indicated that � - The Executive Director described the proposed 60,000 square foot supermarke� to be located near the water tower site � on approximately 7 1/2 acres. He �inf ormed the Authority and the Council � that the developer has had experience in shopping center and food store construction and that public assistance sought might consist of a write- down to approxirnately $2 per square foot and other minor adjustments. The estimated development value is 2.8 million dollars. A1 Schackman was present representing Ryan Construction, and he indicated that it would not absolutely be necessary to remove the water tower. In response to a question from Mayor Stern relative to parking, Mr. Schackman indicated that there might be some possibility of joint use of parking and that this could be pursued. Ryan Construction - The Executive Director explained that nothing Apartment Development specific had been presented. Informa�ion was made available in which the contractor has expressed interest in 100 to 200 units for the elderly near or adjacent to the Parkview Treatment Center on the west side of Wolfe Lake. This could possibly be a second phase of their development proposal. Mr. Schackman said that they have an interest in a development of approximately 100 or more units and that they might consider using MHFA financing. s SQecial City Council/A�thvrity Minutes - January 24, 1978 Stuart Constructian - 'The Executive Airector described a proposal Apartment Developmznt fvr up to 225 units of apartments and town- houses and t��o Uuilding complexes at 38th : Street between ?�atchez and Princeton. One portion of the site would be 117 units, semi-luxury, �-story apartment building� with 8 Cownhouses. The second building complex would consist of 100 units for the elderly. The total site area is about 4.5 acres. The estimated develop- ment cost would be about 8 million dollars. The development could commence • in the spring of 1979. The devel��per has had experience in commercial and apartment development. Presumably, public acquisition, relocation, and street vacations plus some land write-down would be required. Stuart Nolan, representing Stuart Corporation, was present and discussed his interest in housing and possiUle financing techniques that might be available. He indicated he felt there was a good market and that they would be interested in pursuing a variety of mortgage possibilities including possible use of industrial revenue bonds or notes. Stuart Construction - Commercial has not yet been identified. 'Che Executive Director indicated that the developer is interested in approximately a 50,000 to 100,000 square foot mini-mall somewhere in the area but a sp ecific site Stuart Nolan indicated that he has an �interest in a mini-mall b�lt perhaps would defer if the other two commercial proposals were to be constructed. He indicated that he has looked at the east end of Miracle Mile as offezing some possibilities. Mr. Glotter �3sked about how the square footage was determined. Mr. Nolan indicated that it was based on his observations more than being based on any scientific approach. Diversified Equities - Apartment Construction 'rhe Executive Director indicated that the developer has indicated an interest in .L00 to 145 dwelling units designated for elderly occupancy and that a site in and around the Parkview Treatment Center�reete LHeealsoldrovidedgthe CouncilpS the site on the north side of 38t1i S P and the Authority with some of th� conditions the developer included in his proposal. Jon Dickerson, representing Diversified Equ�ities, indicated his interest in the Miracle Mile area and its suitable3mated�tax,es from1developmenC�pMr1nDick- In a response to a question on the est erson indicated approximately $40,OOU to $70,000 could be generated depending upon the nwnber of units and the type of financing. United National - The Executive Director indicated that a telegram was received earlier in the day Erom Richard Naiman, Vice-President of United National Corporation of New York, indicat��onshand utiliz�ngithe comprehensive project encompassin�; multiple tun� � Special City Council/Authority Minuties - January 24, 1978 entire portion of the site scheduled for unificoncem�einitihe uses. The company woul.d propose to present a P and related near future. 3. Proposed Zoning Change The Executive Director informed the �o p� Authority and the Council of the status of the proposed zoning change, indicating that the Planning Commiasion, at its previous Wednesday meeting, had recommended approval of changing the Excelsior Boulevard Redevelopment area to PUD zoning end that this matter wi11 be tihe subject of a public hearing on February 6, 1978. The proposed PUD zoning has been spoken of in earlier reports and is felt suitab'le and desirable for purposes of encouraging and stimulating the type o� development contained in tihe Illustratiive P1an and in the Urban Renewal Plan, �oals, and objectives. Phil Eder, Co-Chairman of the Excelsior Boulevard Advisory Committee, informed the Council and AuChority of tihe CommitCee's interest in getting involved in the review of tihe proposal.s as they are f urther developed and suggestied that the Committee meet prior to the Council and Authority's next meetin$ for coneideration of the proposals. 4. Interchange and Highway 5. Adjournment AttesC: of 36th 100 Street An update wae given tio the Counci�, and the Au�horitiy relative �o the City b eing a 1,ead agency on this pro3ect. The being no further business, the mee �ng adjournecl ati 8:30 p.m. •��L�Y�� f�• �ecording � saasvuullr 5ecretiary Irv�ng M Mav r -4!T � Stern