|
Regular Council Meeting
<br />2-17-03
<br />Page 4 of 20
<br />as a very strategic piece of property to acquire. Again, Issue One application requires that when
<br />you purchase land, it is going to be dedicated as stream restoration purpose; there is some rough
<br />land on the front and on the back, as well as the stream-bed itself-when we walked back in
<br />there before and we talked about it before, really, it is a beautiful area; it is a beautiful park-like
<br />setting. And we think that as this S.O.M. widening develops, pieces of property like this are
<br />ones that we want to be able to retain in the Village's portfolio. So these are the two big
<br />acquisitions, Zako--the agreement in principle is that we purchase it by September of this year;
<br />with Dr. Falkner, the commitment is that we will be able to pay this out over 3-year increments.
<br />And each year, assuming that Issue One dollars are made available, that project is continued.
<br />We will break this up into 3 separate applications to try and get some--recoup it that way. And
<br />ultimately, with the crossing that we have here, this is where we have the south underpass, this
<br />will again be strategic for purposes of S.O.M. widening and the park system development, so I
<br />wanted to point those out and again I would ask, if we can, at a special meeting, so you can get
<br />more material in your packets and then we can look at this. Our deadline for filing, I think, is the
<br />end of the month. That at least gives us several days lead time to do that. And the resolution
<br />simply to be authorized to go ahead and make the Issue One application. Phil, I don't know if
<br />there is anything else to add---
<br />Mr. Brett said right now I sent out a draft of a resolution that only includes the first two projects.
<br />And, again we thought with a little more time, we could try and create applications for the 2
<br />other projects and try and leverage local dollars with state dollars.
<br />
<br />Mayor Rinker said and the only other thing I want to highlight to everyone, just because these ,
<br />things are starting to gel, now that Spring is in the air, we've had discussions and we've alluded
<br />to this in the past with Skoda and Minotti, the brief history there: several years ago, they had
<br />approached us before they joined up with CBIZ, when they were Skoda, Minotti and Reeves, and
<br />then SMR, which is essentially a financial services firm, and they own this property (Mayor
<br />Rinker indicated on the map - 6685 Beta Drive) the back portion of which everyone recognized
<br />as the Racquet Club, which has a ground lease with Skoda, Minotti, so that runs with the
<br />property, it's the front southerly portion that fronts on Beta, they are looking to come forward to
<br />the Village, finally, they are proposing a roughly 20,000 square foot, 2-story building to add on.
<br />They want to expand. SMR had looked at this a number of years ago and approached us and
<br />there was discussion then about-even they wanted to look at these 3 properties on the
<br />frontage-which made a very sensitive discussion indeed. They ended up not going forward
<br />with those plans, they joined up with CBIZ, CBIZ moved to Independence, and I'm not sure
<br />what the arrangements were within the business, but the partnership that is Skoda, Minotti now;
<br />the entity that it is now, the principals broke off from CBIZ and returned to this site of November
<br />of 2001, they had roughly 40 employees at that time. This is all white collar work. They are up
<br />to 200 employees today and they still are growing. This was the same kind of curve that they
<br />were on several years ago. The nature of the business appears to be one that is very healthy.
<br />This is a business we've been unabashedly wooing, and especially with some of the other things
<br />that we are seeing, and then we have one issue that is already pending; it is kind of polar
<br />opposites when you look at the other property that is under consideration for how that ;
<br />development history-the direction which that is pointed, it's gratifying to see something like '
<br />Skoda Minotti looking. The key here though is that they are going to be looking for parking
|