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ari american redevelopersA DOWNTOWN CENTER FOR SALINA, KANSAS REPORT TO THE SALINA BUSINESS IMPROVEMENT DISTRICT #1 AND SALINA CITY CENTER, INC. AUGUST 10, 1984 ARI SUITE 174 6600 FRANCE AVENUE SOUTH EDINA, MN 55435 i i C S ICE On February 17, 1984, ARI entered into a Preliminary Development Agreement with the City of Salina. Kansas; Salina Business Improvement District #1; and Salina City Center, Inc., to investigate the possibility of and put forth a plan for the development of a sheltered shopping mall facility in conjunction with the further development of downtown Salina. Salina, Kansas, is facing the same question which many other cities in the midwest have had to deal with during the last twenty years. The rapid growth of suburban housing fueled by the development of interstate highways and automobile ownership created the opportunity to build large regional enclosed shopping centers in suburban areas. Most large metropolitan areas witnessed the movement of retailing to the suburbs during the decade'of the 1960s. Smaller midwestern communities did not experience the threat of suburban malls to their downtown retail centers until the 1970s. Salina, however, has just begun to deal with the kinds of issues involved in the construction of a suburban regional center. While Salina has seen retail development on the fringe of town, that develoment has not threatened main street retailing because the centers which have been built have not been filled with traditional ready-to-wear stores. Salina has not had a traditional department store anchoring a center along with a mass merchandiser resulting in the creation of a predominantly soft lines oriented shopping center outside of downtown. Now, however, Salina is faced with the possibility of the develoment of a major regional mall outside of the downtown area. If that development goes ahead, the face and character of downtown Salina will undergo a significant change during the next five to ten years. As a result of the threat from development on the outskirts of town, Salina City Center, Inc., and Salina Business Improvement District #1 were formed to determine what could be done to keep Downtown Salina viable. American Redevelopers, Inc, has examined the opportunities available to Downtown Salina and has reached a number of conclusions. First, sufficient market and market potential exists to develop a major regional shopping center in Salina, Kansas. There is, however, NO possibility of developing two retail centers and having both become economically viable. Second, in order for Salina to become a force in its market as it competes with other communities in Kansas for sales dollars more elements must be added to the community than just new retail square footage. Third, Salina CANNOT add the other necessary elements to attract customers and visitors by constructing its new retail center on the outskirts of town. Fourth, there exists at least one plan which ARI believes to be economically feasible which would allow the major retail center to be built downtown. Fiftfi, the development of the retail center downtown would make possible the expansion of other elements such as entertainment, hotels and restaurants needed to allow Salina to effectively compete in the Kansas market. Sixth, without strong and aggressive intervention on the part of the City of Salina, its citizens, and its merchants the retail center needed to serve as a catalyst for other development will not be built downtown, thus destroying the opportunity to add those other elements so important in making Salina a strong, viable commercial center. COMPETING IN THE MARKET In order to draw new customers to the Salina market and to retain the sales dollars of current trade area residents (many of which are currently finding their way to other towns and cities) it is necessary to create a certain level of retail "mass" and activity. What is needed in Salina is a true regional Fenter. Twenty-five years of history and experience with the shopping center industry has taught us that in order to be competitive the regional shopping center must have the following ingredients: a strong mass merchandiser (Penneys, Wards, Sears), at least one and preferably two traditional department stores, and small tenant square footage enough to add excitement and choice for the customer. In addition, the center must be tied together in such a manner as to allow and encourage the flow of customers from one place of business to another. Free and ample parking must be present, preferably on the same level as the center within easy walking distance (not more than 400 feet) of the major anchors within the center. Without any one of the elements mentioned above, the liklihood of developing a viable project is extremely remote. The modern shopping center is an interesting combination of elements all of which feed off one another and are very necessary to survive. The large anchor stores provide the advertising power and draw which attracts people to the center. The smaller shops pay the high rents necessary to allow the developer to subsidize the anchor stores. In essence, both elements feed off each other. Without the presence of both the anchors and the small shops, the development could not go forward. There is, however, more than just retail space necessary to make Salina competitive. There was a time when people T J would travel 200 miles just to shop. The escalation of fuel costs was the primary factor which forced many families to reconsider their shopping habits. Now, customers want to accomplish in one trip what they used to be willing to handle in three. Today, "one stop shopping" has become the by -word for the market place. One stop shopping means that a family can shop for clothes, eat a meal, see a movie, and do their banking by only starting the car twice (once on the way, once on the way back). In addition to the concern to bring customers into Salina from outside the area to do their shopping, Salina must also begin to compete for the convention business and the relocation of business to its town if it is to compete with other communities in Kansas. The community has taken a dramatic step forward by constructing the Bicentennial Center to house major conventions and events. Unfortunately, there is no quality hotel in which convention visitors can stay, there is no transportation system from the motels on the fringe of town, there are few good restaurants within easy reach of the new convention center, and there is a lack of entertainment close to the facility. Communities which compete effectively for convention dollars all have several elements in common. Those elements are in close proximity to each other and include: 1. Good convention'meeting facility 2. Class "A" hotel rooms 3. Fine restaurants 4. Theatres, sports, entertainment 5. Retail shopping facilities. Unfortunately, Salina has only taken the first step by building its convention facility. Without providing the other amenities to occupy the time of the spouse of the visiting conventioneer and without providing fun and interesting experiences for the convention couple after meeting hours are over, Salina will be left with a fine facility which will stand empty most of the year. At the present time, Salina is a community which has not kept up with many of the other cities in Kansas. While it has taken a first step and developed the convention center, it desperately needs to add the other elements which would provide Salina with the opportunity to be competitive. While "mainstreet" retailing has remained viable in Salina, there is not enough updated retail square footage to compete with other towns in Kansas. Mainstreet has a mass merchandiser in J.C. Penney, but it is housed in a substandard facility without the ability to effectively display and merchandise its goods. Salina also has a traditional department store in Kline's. Kline's, however, suffers from the same kind of problems J.C. Penney does. There is no structure which pulls Kline's and J.C. Penney together and provides the kind of customer flow and amenities that today's customer has come to expect and even demand. Additionally, while some very strong merchants exist 4 downtown, the basic "retail mass" expect is not present. A regional as Salina should have about 50% of apparel. Salina lacks the number wear stores necessary to make it a WHAT SALINA LACKS which shoppers have come to center in a downtown such its space designated for of good women's ready -to - true shopping destination. In order to allow Salina to become competitive, the following elements must be added or redeveloped: retailk entertainment, restaurants and hotel. Retail: Salina must develop a retail center of regional shopping center proportion. It must have at least one mass merchant, one and preferably two traditional department store anchors, and additional small tenant space. Approximately five parking places for every 1000 square feet of retail space must be provided. The farthest parking place should not be much more than 400 feet from an entrance to the retail center. There should be no more than about 600 feet between retail anchors. The configuration and flow of the center should provide constant merchandise exposure and interest. The center must be fully enclosed and climatized. While some of the elements are present for the creation of a retail center, they do not relate to one another in any logical and consistent fashion. The small. tenant square footage in a downtown center (exclusive of restaurants) should be able to closely approximate the amount and proportion of space devoted to various merchandise categories in good 'shopping centers in other communities. The division of space by category should come close to that listed below: Category Apparel - Womens & Childrens Apparel - Mens Apparel - Mens & Womens Shoes Jewelry - Gifts Home Furnishings Service Shops Food Mens & Womens Accessories Drugs - Variety Hobby - Leisure Miscellaneous Percentage of Gross Leasable Area 27. 7 10.9 8.7 11.9 8.4 6.1 2.7 -�. 1 1.0 9.0 9.6 1.9 Entertainment: There is, with the exception of one theatre and the arts center, no real entertainment opportunities in downtown Salina. It is the classic example of a town which rolls its sidewalks up at 6 P.M. While the addition of a 5 shopping center will serve as entertainment for some, attention should also be paid to other elements. The downtown areas of viable, thriving cities across the country normally contain movie theatres, live theatre, night clubs, museums, art galleries, etc. In order to begin to bring entertainment back to downtown Salina, it is strongly suggested that as a part of any new retail center a four -screen movie complex: be added and that the restaurants mentioned below include live entertainment and music. While it is realized that the liquor laws Salina must deal with make it more difficult to establish the kind of night life necessary to attract people to town, it is possible to work within that framework and still provide entertainment for visitors and residents alike. Restaurants: Salina lacks good restaurants not only in the downtown area, but throughout the community. If convention business; visitors, and new shoppers are to be enticed into the community at least three new quality restaurants must be developed. Without the presence of additional restaurants in close proximity to retailing and hotels, Salina has no chance to significantly increase the number of conventions coming to town. It is therefore recommended that any new retail center include at least two of the needed new restaurants. Those restaurants should be located so that they are easily reached by hotel occupants', shoppers and movie goers. Hotel: Salina recently lost its only downtown hotel/motel. At present, conventikon visitors coming to Salina must stay an the outskirts of town and drive to the Bicentennial Center. While the motels in Salina are adequate, they are basically oriented to automobile travelers and truck traffic. Salina simply cannot offer the traveling business executive or the convention visitor the type of accommodations that other towns can. It is imperative that Downtown Salina develop a new hotel which relates to the other elements listed above. It is unrealistic to believe, however, that a first class hotel will come to Downtown Salina if the other elements (retail, restaurants, entertainment) are not present. SALINA AT THE CROSSROADS Salina is now faced with the kinds of alternatives which most midwestern towns dealt with ten years ago. It can allow the construction of a suburban shopping center and the resulting development patterns or it can proceed with the redevelopment of its downtown. ARI will not and cannot make Salina's decision for it. The Business Improvement District, Salina City Center, Inc., 6 the Salina City Commission and the citizens of the community should be aware, however, of the importance of the decision they are facing. The decision which has to be made is one which SHOULD NOT be left in the hands of outside developers and corporations. It should be pointed out that the consequences of the choice Salina has before it are great. One need look no further than LaCrosse, Wisconsin: Fargo, North Dakota; Grand Forks, North Dakota; St. Cloud, Minnesota; Duluth Minnesota; and Sioux Falls, South Dakota to understand the implications of the decision. If the suburban shopping center is built the following scenario can be expected. (It is assumed that J.C. Fenney would be an anchor in any suburban center and would close its downtown store.) Kline's Department Store would find it very difficult to remain profitable and would probably close. The small tenant apparel stores, particularly womens, would be forced to move to the suburban mall if they wished to survive. The major banks would all open branches in the vicinity of the new mall thus diluting their downtown business. The "roll-up the sidewalks at 6 F.M." syndrome would be further enforced. It is difficult to envision any further development of new financial institutions downtown. Without restaurants, entertainment,.etc., a major hotel cannot be interested in downtown. It is also doubtful that any new office projects will be developed. If Salina's decision is that a major suburban retail development should proceed, ARI will not proceed with any further work on the downtown project. If, on the other hand, Salina determines that it wishes to develop its regional shopping center downtown, ARI is convinced that the market exists, the interest on the part of retailers is great enough, and that, provided that the kind of financial plan included with this report can be put into effect, the development of a downtown center is feasible. If, therefore, Salina wishes to proceed to develop its center downtown we would enthusiastically proceed with such an effort. LAND Demolition - By City Site Work - By City CONSTRUCTION SALINA, KANSAS GBA 301,000 $1,000,000 Lower Level Shops 59,800 s.f. x 33- Upper 3Upper Level Shops 489200 s.f. x 34 Mall Kiosk 279000 s.f. x 30 J C Penney Expansion 20,000 s.f. x 33 Theatre 20,000 s.f. x 47 Mall Space 30,000 s.f. x 50 Dept Store #1 50,000 s.f, x 35 Dept Store #2 45,000 s.f. x 35 SOFT COSTS Architectural S Engineering Leasing Fees Developers Overhead Loan Points Construction Interest Closing C-3sts Contingency $400,000 380,000 330,000 292,000 875,000 70,000 280,000 August 17, 1984 $1,000,000 $1,973,000 1,639,000 810,000 660,000 940,000 1,500,000 1,750,000 1,575,000 310,847,000 $2,627,000 TOTAL ESTIMATED PROJECT COST $14,474,000 I i . L Ji.Ll ail 111 If 3 Tl PRELIMINARY DEVELOPMENT AGREEMENT THIS AGREEMENT is entered into on this / % y�y of February, 1984, by and between the City of.Salina, Kansas, a municipal corporation, hereinafter referred to as "City", Salina City Center, Inc., a Kansas corporation, hereinafter called "Center", and American Redevelopers, Inc., a Minnesota corporation, hereinafter called "American", and Orrin A. Ericson, an individual who is President of American. WITNESS WHEREAS, the governing body of the City of Salina, by resolution adopted by its Board of Commissioners and signed by its Mayor on July 22, 1983, established Salina Business Improvement District #1 pursuant to the provisions of K.S.A. 12-1781 through 12-1793, inclusive; and WHEREAS, the boundaries of the Salina Business Improve- ment District #1 are set forth on.a map attached hereto and marked "Exhibit A"; and WHEREAS, City proposes to enter into this agreement for the purpose of providing the.services authorized by K.S.A. 12-1784(d) and its share of the contract price shall be payable solely from its annual levy of business improvement service fees authorized by K.S.A. 12-1791 which are held in the special fund provided for by K.S.A. 12-1792; and WHEREAS, the City believes that it is in the best interest of its citizens to revitalize, enhance, and further develop its downtown business district by encouraging the ,-upgrading of existing stores and buildings and by bringing about the development of facilities that will attract major department stores and nationally recognized retailers so as to provide the citizens of Salina and the surrounding trade area with a broad selection of quality retail goods and services; and WHEREAS, during the summer and fall of 1983 members of the Board of Advisors of Salina Business Improvement District #1 and the Board of Directors of Salina City Center, Inc. visited a number of midwestern cities of comparable size and circumstance with varying types of downtown redevelopment projects and, as a result of that investigation, concluded that the development format followed in Mankato, Minnesota was most suitable to the circumstances prevailing in the City of Salina and Orrin A. Ericson served as developer of the Mankato, Minnesota downtown project; and WHEREAS, at a joint meeting on the afternoon of Friday, February.10, 1984, the Board of Advisors of Salina Business Improvement District #1 and the Board of Directors of Salina City Center, Inc. concluded .a prolonged and extensive search and investigation as to an appropriate developer to be engaged in furtherance of the above objectives by unanimously adopting a resolution recommending that the City of Salina enter into a preliminary development agreement with American and Ericson; and WHEREAS, the parties hereto recognize and agree that the next required step of the development process for downtown Salina is the preparation of a financially feasible compre- hensive downtown development plan or "proposal"; and -2- WHEREAS, the parties recognize and agree that their mutual effort and cooperation will be required in the develop- ment and preparation -of the Proposal, all in accordance with the terms, conditions, and undertaking hereinafter provided; NOW, THEREFORE, in consideration of the mutual promises, covenants, agreements and undertaking hereinafter provided, the parties hereby agree as.follows: 1. Exclusive Development Until August 10, 1984, and during such subsequent. extensions of time as are granted according to the terms stated herein, American is hereby granted the.exclusive right to propose and develop a plan for the further develop- ment of the downtown area described generally in Exhibit A attached hereto and specifically incorporating a sheltered shopping mall facility centered on Santa Fe Avenue. 2. Obligation of American and Ericson During said period, American and Ericson shall, at their own expense,,gather, develop and analyze all informa- tion necessary to assess and determine the financial feasi- bility of developing a major retail complex in the downtown area. It is agreed that such analysis shall include, but not be limited to: A. Necessary Data: 1. Architectural and engineering concepts; 2. Elevations; 3. Traffic projections; A. Parking requirements; 5. Utility capacities; -3- e 6. Major department store interest; 7. Leasing potential; and 8. Available financing. It is further understood and agreed that based on the foregoing data American and Ericson shall, on or before August 10, 1984, formulate and present a proposal which shall include and address the following items, to -wit: B. Basic Project Design, which shall include the following: 1. Preliminary Site Plan (including the location, type, size and scale of any proposed new uses) 2. Location of Parking 3. Traffic Patterns 4. Preliminary Design and Character 5. Public Improvements (identify and locate) 6. Development Phasing, if applicable. C. Pro forma and Initial Review of Financial Assumptions and Sources, which shall include: 1. Indicated Levels of Public Assistance and Required Public Improvements 2. Critical Financial Assumptions 3. Availability of Private Funds D. Site Acquisition and Conveyance Strategy E. Utility Access F. Proposed ownership Structure G. Proposed Flow Chart and Preliminary Timetable Lead- ing to Construction H. Proposed Organizational Structure for Integrating Private and Public Sector Responsibilities I. Responsibilities of the Parties -4- i During the term of this agreement American shall meet and confer not less than monthly with members of the Board of Advisors of Salina Business Improvement District #1 and Board of Directors of Salina City Center, Inc. and disclose and transmit all of the above information then available providing sufficient copies of all plans, archi- tectural sketches and development concepts. It is further agreed that the City and Center shall have property rights in such data and copies similar to that of American and Ericson. City and Center agree to cooperate with American and Ericson in the development.and implementation of the plan to make available all existing data related to property acquisition needs, condemnation schedules, and the availability of private and public.financing, current and future utility needs and capacities, the cost of any utility relocation that may be required, available traffic studies and demographics of the City.of Salina and the surrounding trade area. 3. Development Costs American has determined that the cost to,perform the work undertaken in Paragraph 2 will exceed One Hundred Thousand Dollars ($100,000.00). City, by and through Salina Business Improvement District.#1, and Center have agreed to jointly fund payment of Forty Thousand Dollars ($40,000.00) to American, Twenty Thousand Dollars ($20,000.00) of which is payable upon the execution of this Agreement, the balance to be paid in equal.installments of Five Thousand Dollars -5- . .j ($5,000.00) payable on March 26, May 10, June 25, and August 10, 1984. All parties are aware that the City of Salina has no obligation as to the $40,000 payment other than from funds available in the special fund established pursuant to K.S.A. 12-1792 and which it obtains as a result of special assessments imposed upon and collected from the Salina Business Improvement District #1 pursuant to K.S.A. 12-1791. The $40,000 payment to American shall be refunded to the City and the Center in the same proportion as paid by them at the time American obtains permanent financing for the project. No funds in addition to the $40,000 payment shall be requested by American even in the event an extension of time is requested and provided hereunder. 4. Extension of Time If, in the sole judgment and discretion of City and based upon the recommendation of the Board of Advisors,. American and Ericson have made substantial progress by August 10, 1984, the City may extend this agreement for the interval of time recommended by said Board of Advisors. 5. Termination Unless extended pursuant to the provisions of Paragraph 4 above, this agreement shall lapse August 10, 1984. If at any time American and Ericson are not making satisfactory progress in the performance of tasks described. in Paragraph 2 herein, then City may terminate this agreement by sending written notice 30 days in advance of the termina- tion date. Upon such termination, all obligations of the parties shall be dissolved in a manner similar to the August 10, 1984 lapse of this agreement. 6. Comprehensive Development Agreement Upon final approval of a financially feasible comprehensive downtown development plan that is acceptable to City and to American, and which does not contravene any of the laws of the state of Kansas or ordinances of the City of Salina, City and American shall, in good faith, negotiate and attempt to agree and commit as to actual development. While this agreement shall not require any party to enter into a comprehensive development agreement, all parties shall use their best efforts to negotiate such an agreement in good faith. Further, City recognizes that such a develop- ment plan may require property acquisition, condemnation, demolition, tax increment financing, bond issues, sales tax financing, and the sale or lease of land to American and Ericson. It is further agreed and understood by the parties hereto that the City has the full, final and complete authority to accept or reject the comprehensive downtown development plan or."Proposal" prepared and submitted by American and Ericson, or any proposed development agreement made or submitted to the City pursuant thereto, in which event neither American nor Ericson shall have or make any claims or bring any action against -the City, the Salina Business Improvement District #1 or Salina City Center, Inc. because of such rejection of the proposal or failure of the City to enter into a development agreement. -7- 7. Status of the Parties It is expressly understood that the parties are not engaged in a joint venture, partnership or any other form of business relationship arising out of, or by virtue of, this agreement, and that none of the.parties shall be responsible for the conduct, warranties, guaranties, acts, errors, omissions, debts, obligations or undertakings of any kind or nature by any of the other parties hereto with respect to the development, or attempted development and preparation of a Proposal. 8. Governing Laws This agreement shall be governed by the law of the State of Kansas and shall be binding upon the parties hereto, their successors and assigns. IN WITNESS WHEREOF, the parties hereto have executed the foregoing agreement the day and year first above written. Attest: City 'Clerk Attest: ecretary Attest: Secretary CITY OF SALINA, KANSAS, A Municipal Corporation, By c &OV4,4) JolpBurgess, May SALINA BUSINESS IMPROVEMENT DIS y l 4P0,2airman, hn Board o Advisors SAL I CENT R, INC. 2 y ohn P s„Pies dent cm Attest: 2C--� -Secretary STATE OF KANSAS COUNTY OF SALINE AMERICAN REDEVELOPERS, INC. By_t yc Orrin A. Ericson, President rrin A. Ericson as an Individual ACKNOWLEDGMENT ss. BE IT REMEMBERED, That on this /'7"t day of February, 1984, before me, the undersigned, a Notary Public in and for the County and State aforesaid, came John Burgess, Mayor and 13-4., L -1,g a et s o. J , City Clerk of the City of Salina, Kansas, a.municipal corporation duly organized and existing under and by.virtue of the laws of the State of Kansas, who are personally known to me to be such officials, and who are personally known to me to be the same persons who executed, as such officials, the within instrument of writing on behalf of said City, and such persons duly acknowledged the execution of the same to be the act and deed of said City. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal the day and year last above written. =X I ee. E ASWff Comigti Reeree Notary Public My appointment expires: ACKNOWLEDGMENT STATE OF KANSAS ) ss. COUNTY OF SALINE ) BE IT REMEMBERED, That on this 17 day of February, 1984, before me, the.undersigned, a Notary Public in and for the County and State aforesaid, came John W. Poos, Chairman and pjadEaL-Y t,. lCo�E,., Secretary of the Board of Advisors of Salina Business Improvement District #1, who are personally known to me to be such officials, and who are personally known to me to be the same persons who executed as such officials, the within instrument of writing on behalf of said Board of Advisors, and such persons duly acknowledgedthe execution of the same to be the act and deed of said Board of Advisors. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my.official seal the day and year last above writt V. H A p� •..,� ••. O unrADV �-I- My appointment expires: �, /6 8,5 = s PUBLIC CORPORATE ACKNOWLEDGMENT ,��'' y•'••••••••'•••• p4i4f"7o At Rn^`n, STATE OF KANSAS ) 'Evil ss. COUNTY OF SALINE ) BE IT REMEMBERED, That on this day of February, 1984, before me, the undersigned, a Notary Public in and for the County and State aforesaid, came John W. Poos, President, and �3�oEz�y /�oNZ€,,, Secretary of Salina City Center, Inc., a corporation duly organized, incorporated, and existing under and by virtue of the State of Kansas, who are personally known to me to be such officers, and who are personally known to me to be the same persons who executed, as such officers, the within instrument of writing on behalf of said corporation, and such persons duly acknowledged the execution of the same to be the act and deed of said corpora- tion. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal the day and year last above written. H AD ---���'�F�-" ( Y� ••''• ••• .per Notary Public id NOTARY% Wn0 6, e My appointment expires: ll = i PUBLIC . %. CORPORATE ACKNOWLEDGMENT �� •• STATE OF J1J`l� — ) ,,•,•••'�..uu rtma•`•,,,,. ). ss. COUNTY OF ) BE IT REMEMBERED, That on this day of February, 1984, before me, the undersigned, a Notary Public in and for the County and State aforesaid, came Orrin A. Ericson, President, and , Secretary, of American Redevelopers, Inc., a corporation duly organized., incorporated, and existing under and by virtue of the State -10- of r—1 , who are personally known to me to be such officers, and who are personally known to me to be the same persons who executed; as such officers, the within instrument of writing on behalf of said corporation, and such persons duly acknowledged the execution of the same to be the act and deed of said corporation. IN TESTIMONY WHEREOF, I affixed my official seal the LI /r MICH°EL J f/p NHENY PUPIN MENNEPiN M My appointment expires: have hereunto set my hand and day and year last above written. zz Not%rly Pu INDIVIDUAL ACKNOWLEDGMENT STATE OF F ) %�� COUNTY OF / J m"%/�� ) ss. BE IT REMEMBERED, That on this day of February, 1964, before me, the undersigned, a Notary Public in and for the County and State aforesaid, came Orrin A. Ericson, who is personally known to me to be the same person who executed the within instrument of writing and such person duly acknowledged the execution of the same. IN WITNESS WHEREOF, affixed my seal, the day [Vooxk MICHAEL WTARY PUBLIC - YOR1800:A HENNEPII COUNTII My Commission ExPim Mu. 28. low My appointment expires: I have hereunto set my hand and and year last above written. Notary Pub c -11- L PRELIMINARY DEVELOPMENT THIS AGREEMENT is entered into on this day of February, 1984, by and between the City of Salina, Kansas, a municipal corporation, hereinafter referred to as -"City", Salina City Center, Inc., a Kansas corporation, hereinafter called "Center", and American Redevelopers, Inc., a Minnesota corporation, hereinafter called "American", and Orrin A. Ericson, an individual who is President of American. WITNESS WHEREAS, the governing body of the City of Salina, by resolution adopted by its Board of Commissioners and signed by its Mayor on July 22; 1983, established Salina Business Improvement District #1 pursuant to the provisions of K.S.A. 12-1781 through 12-1793, inclusive; and WHEREAS, the boundaries of the Salina Business Improve- ment District #1 are set forth on a map attached hereto and marked "Exhibit A"; and WHEREAS, City proposes to enter into this agreement for the purpose of providing the services authorized by K.S.A. 12-1784(d) and its share of the contract price shall be payable solely from its annual levy of business improvement service fees authorized by K.S.A. 12-1791 which are held in the special fund provided for by K.S.A. 12-1792; and WHEREAS, the City believes that it is in the best interest of its citizens to revitalize, enhance, and further develop its downtown business district by encouraging the upgrading of existing stores and buildings and by bringing about the development of facilities that will attract major department stores and nationally recognized retailers so as to provide the citizens'of Salina and the surrounding trade area with a broad selection of quality retail goods and. services; and WHEREAS, during the summer and fall of 1983 members of the Board of Advisors of Salina Business Improvement District #1 and the Board of Directors of Salina City Center, Inc. visited a number of midwestern cities of comparable size and circumstance with varying types of downtown redevelopment projects and, as a result of that investigation, concluded that the development format followed in Mankato, Minnesota was most suitable to the circumstances prevailing in the City of Salina and Orrin A. Ericson served as developer of the Mankato, Minnesota downtown project; and WHEREAS, at a joint meeting on the afternoon of Friday, February 10, 1984, the Board of Advisors of Salina Business Improvement District #1 and the Board of Directors of Salina City Center, Inc. concluded a prolonged and extensive search and investigation as to an appropriate developer to be engaged in furtherance of the above objectives by unanimously adopting a resolution recommending that the City of Salina enter into a preliminary development agreement with American and Ericson; and WHEREAS, the parties hereto recognize and agree that the next required step of the development process for downtown Salina is the preparation of a financially feasible compre- hensive downtown development plan or "proposal"; and -2- i WHEREAS, the parties recognize and agree that their mutual effort and cooperation will be required in the develop- ment and preparation of the Proposal, all in accordance with the terms, conditions, and undertaking hereinafter provided; NOW, THEREFORE, in consideration of the mutual promises, covenants, agreements and undertaking hereinafter provided, the parties hereby agree as follows: 1. Exclusive Development Until August 10, 1984, and during such subsequent extensions of time as are granted according to the terms stated herein, American is hereby granted the exclusive right to propose and develop a plan for the further develop- ment of the downtown area described generally in Exhibit A attached hereto and specifically incorporating a sheltered shopping mall facility centered on Santa Fe Avenue. 2. Obligation of American and Ericson During said period, American and Ericson shall, at their own expense, gather, develop and analyze all informa- tion necessary to assess and determine the financial feasi- bility of developing a major retail complex in the downtown area. It is agreed that such analysis shall include, but not be limited to: A. Necessary Data: 1. Architectural and engineering concepts; 2. Elevations; 3. Traffic projections; 4. Parking requirements; 5. Utility capacities; -3- I 6. Major department store interest; 7. Leasing potential; and 8. Available financing. It is further understood and agreed that based on the foregoing data American and Ericson shall, on or before August 10, 1984, formulate and present a proposal which shall include and address the following items, to -wit: B. Basic Project Design, which shall include the following: 1. Preliminary Site Plan (including the location, type, size and scale of any proposed new uses) 2. Location of Parking 3. Traffic Patterns 4. Preliminary Design and Character 5. Public Improvements (identify and locate) 6. Development Phasing, if applicable. C. Pro forma and Initial Review of Financial Assumptions and Sources, which shall include: 1. Indicated Levels of Public Assistance and Required Public Improvements 2. Critical Financial Assumptions 3. Availability of Private Funds D. Site Acquisition and Conveyance Strategy E. Utility Access F. Proposed Ownership Structure G. Proposed Flow Chart and Preliminary Timetable Lead- ing to Construction H. Proposed Organizational Structure for Integrating Private and Public Sector Responsibilities I. Responsibilities of the Parties -4- During the term of this agreement American shall meet and confer not less than monthly with members of the Board of Advisors of Salina Business Improvement District #1 and Board of Directors of Salina City Center, Inc. and disclose and transmit all of the above information then available providing sufficient copies of all plans, archi- tectural sketches and development concepts. It is further agreed that the City and Center shall have property rights in such data and copies similar to that of American and Ericson. City and Center agree to cooperate with American and Ericson in the development and implementation of the plan to make available all existing data related to property acquisition needs, condemnation schedules, and the availability of private and public financing, current and future utility needs and capacities, the cost of any utility relocation that may be required, available traffic studies and demographics of the City of Salina and the surrounding trade area. 3. Development Costs American has determined that the cost to perform the work undertaken in Paragraph 2 will exceed One Hundred Thousand Dollars ($100,000;.00). City, by and through Salina Business Improvement District #1, and Center have agreed to jointly fund payment of Forty Thousand Dollars ($40,000.00) to American, Twenty Thousand Dollars ($20,000.00) of which is payable upon the execution of this Agreement, the balance to be paid in equal installments of Five Thousand Dollars -5- 0 ($5,000.00) payable on March 26, May 10, June 25, and August 10, 1984. All parties are aware that the City of Salina has no obligation as to the $40,000 payment other than from funds available in the special fund established pursuant to K.S.A. 12-1792 and which it obtains as a result of special assessments.imposed upon and collected from the Salina Business Improvement District #1 pursuant to K.S.A. 12-1791. The $40,000 payment to American shall be refunded to the City and the Center in the same proportion as paid by them at the time American obtains permanent financing for the project. No funds in addition to the $40,000 payment shall be requested by American even in the event an extension of time is requested and provided hereunder. 4. Extension of Time If, in the sole judgment and discretion.of City and based upon the recommendation of the Board of Advisors, American and Ericson have made substantial progress by August 10, 1984, the City may extend this agreement for the interval of time recommended by said Board.of Advisors. 5. Termination Unless extended pursuant to the provisions of Paragraph 4 above, this agreement shall lapse August 10, 1984. If at any time American and Ericson are not making satisfactory progress in the performance of tasks described in Paragraph 2 herein, then City may terminate this agreement by sending written notice 30 days in advance of the termina- tion date. Upon such termination, all obligations of the Qfl parties shall be dissolved in a manner similar to the August.10, 1984 lapse of this agreement. 6. Comprehensive Development Agreement Upon final approval of a financially feasible comprehensive downtown development plan that is acceptable to City and to American, and which does not contravene any of the laws of the state of Kansas or ordinances of the City of Salina, City and American shall, in good faith, negotiate and attempt to agree and commit as to actual development. While this agreement shall not require any party to enter into a comprehensive development agreement, all parties shall use their best efforts to negotiate such an agreement in good faith. Further, City recognizes that such a develop- ment plan may require property acquisition, condemnation, demolition, tax increment financing, bond issues, sales tax financing, and the sale or lease of land to American and Ericson. It is further agreed and understood by the parties hereto that the City has the full, final and complete authority to accept or reject the comprehensive downtown development plan or "Proposal" prepared and submitted by American and Ericson, or any proposed development agreement made or submitted to the City pursuant thereto, in which event neither American nor Ericson shall have or make any claims or bring any action against the City, the Salina Business Improvement District #1 or Salina City Center, Inc. because of such rejection of the proposal or failure of the City to enter into a development agreement. -7- 7. Status of the Parties It is expressly understood that the parties are not engaged in a joint venture, partnership or any other form of business relationship arising out of, or by virtue of, this agreement, and that none of the parties shall be responsible for the conduct, warranties, guaranties, acts, errors, omissions, debts, obligations or undertakings of any kind or nature by any of the other parties hereto with respect to the development, or attempted development and preparation of a Proposal. 8. Governing Laws This agreement shall be governed by the law of the State of Kansas and shall be binding upon the parties hereto, their successors and assigns. IN WITNESS WHEREOF, the parties hereto have executed the foregoing agreement the day and year first above written. Attest: Gttti�Or�/ City Clerk Attest: -Se�� ".&za:4 Secretary Attest: I"-. J—�L Z� — Secretary CITY OF SALINA, KANSAS, A Municipal Corporation, By JLj &Zi J n Burgess, 'Ma(pr SALINA BUSINESS IMPROVEMENT DISTRICT By Gr'z� Jo POCKS airman, Board of Advisors Attest: AMERICAN REDEVELOPERS, INC. BY SQ Se r ary Orrin A. Ericson, President Orrin A. Ericson as. an Individual ACKNOWLEDGMENT STATE OF KANSAS ss. COUNTY OF SALINE BE IT REMEMBERED, That on this 17 'A day.of February, 1984, before me, the undersigned, a Notary Public in and for the County and State aforesaid, came John Burgess, Mayor and D, 1„ 04&/tlsoni , City Clerk of the City of Salina, Kansas, a municipal corporation duly organized and existing under and by virtue of the laws of the State of Kansas, who are personally known to me to be such officials, and who are personally known to me to be the same persons who executed, as such officials, the within instrument of writing on behalf of said City, and such persons duly acknowledged the execution of the same to be the act and deed of said City. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal the day and year last above written. .•w �a• M. E ASS07T soon' County, Kansas My Mat tap Apra 2 1884 My appointment expires: /I m,drAr ACKNOWLEDGMENT STATE OF KANSAS ) ss. COUNTY OF SALINE ) BE IT REMEMBERED, That on this / 7 day of February, 1984, before me, the undersigned, a Notary Public in and for the County and State aforesaid, came John W. Poos, Chairman and 8EJE2LY 7. 2,y 2F- + , Secretary of the Board of Advisors Salina Business Improvement District #1, who are personally known to me to be such officials, and who are personally known to me to be the same persons who executed MOM as such officials, the within instrument of writing on behalf of said Board of Advisors, and such persons duly acknowledged the execution of the same to be the act and deed of said Board of Advisors. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal the day and year last above written. My appointment expires: f8S CORPORATE ACKNOWLEDGMENT STATE OF KANSAS ss. COUNTY OF SALINE %Wsoilu•ra,, HAt) �;.......... 01,: r •. C' 'NOTARY''; PUL -LCC BE IT REMEMBERED, That on this 17 day of February, 1984, before me, the undersigned, a Notary Public in and for the County and State aforesaid, came John W. Poos, President, and j5EuC_gL y Z. /fie ✓zE.r+ , Secretary of Salina City Center, Inc., a corporation duly organized, incorporated, and existing under and by virtue of the State of Kansas, who are personally known to me to be such officers, and who are personally known to me to be the same persons who executed, as such officers, the within instrument of writing on behalf of said corporation, and such persons duly acknowledged the execution of the same to be the act and deed of said corpora- tion. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal the day and year last above written. HAp Notary Public'; •• C' coF NOTARY % My appointment expires: ll /&/ PU13LIC ' CORPORATE ACKNOWLEDGMENT '. ,.•• STATE OFof 1K ss. COUNTY OF BE IT REMEMBERED, That on this day of February, 1984, before me, the undersigned, a Notary Public in and for the County and State aforesaid, came Orrin A. Ericson, President, and _'��, Nz��. , Secretary, of American Redevelopers, Inc., a corporation duly organized, incorporated, and existing under and by virtue of the State -10- of , who are personally known to me to be such officers, and who are personally known to me to be the same persons who executed, as such officers, the within instrument of writing on behalf of said corporation, and such persons duly acknowledged the execution of the same to be the act and deed of said corporation. IN TESTIMONY WHEREOF, I affixed my official seal the WIN— MICHAEL J. BOO MPARY PUBLIC — ep►p$WTA HEPINEPIN COUNTY My Can mission Eaplre! M61-211. 1280 NNNMI•io ,. of My appointment expires: have hereunto set my hand and day and year last above written. E00.���i • INDIVIDUAL ACKNOWLEDGMENT STATE OF L, ) COUNTY OF r/�+e�a ) BE IT REMEMBERED, That on this i� day of February, 1984, before me, the undersigned, a Notary Public in and for the County and State aforesaid, came Orrin A. Ericson, who is personally known to me to be the same person who executed the within instrument of writing.and such person duly acknowledged the execution of the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my seal, the day and year last above written. MICHAEL J. OW 1� .. NOTARY PUBLIC eYYSodfA HENNEPIN COINITY I' My Gc ^rnlsslon EaP Mtl.20, woe Notary ZPub, ie QeC.f�HNi•r�.�,: sa My appointment expires: -11- IHHLHHHHL