Loading...
Downtown Salina Developer • Salina Area Clamber or CommerceP O. BOX 596 . 115 WEST IRON • SALINA. KANSAS 67401 •TELEPHONE(913)827-9301 March 15, 1982 Board of City Commissioners CITY OF SALINA Salina , Kansas On January 25, the Task Force submitted to you a status report of its activities and objectives up until that time. This report included a com- mitment to report back to you with recommendations of a developer by today, March 15. The Task Force is hereby recommending the firm of Ken Tucker & Associates be selected as the developer for the downtown commercial center. Mr. Tucker has confirmed his interest in the Salina development by outlining his intentions in the attached memorandum. This preliminary feasibility study, which is detailed in the memorandum, would be conducted by Ken Tucker & Associates at their expense. Specifically, Ken Tucker & Associates agree to respond to the following concerns: (1 ) Determine the best site in the Central Business District for commercial and retail development; (2) Prepare a preliminary site and architectural design ; (3) Contact for purposes of soliciting responses from major prospective tenants ; (4) Financial pro forma detailing both the public and private costs. The result of this feasibility determination will be submitted to the City Commissioners , by April 19, 1982. A letter from Ken Tucker & Associates to the Task Force stated they were in a position to comply with the April 19, 1982 date of completing the feasibility study if they were immediately chosen as the developer. Prompt action by the Commission is necessary so that this time table can be adhered to. Flavel Simcox, Chairman Central City Development Task Force • SALINA AREA CHAMBER OF COMMERCE athasu .a.a3L ACCREDITED CHAMBER Of COrN.:ERCE Ken Tucker C7 Associates Marth'l5, 1982 Board of City Commissioners City of Salina 300 W. Ash. Salina, Kansas 67401 Gentlemen and Mrs. Graves: I am writing this letter as a proposed "Memorandum of Intent" between the City of Salina and Ken Tucker & Associates, Inc. If acceptable to the City of Salina, this Memorandum is to act as a temporary agree- ment between the respective parties for the development of a regional commercial center which is to be located within the redevelopment area, bounded on the west by Ninth Street, on the east by Front Street, on the north by the Missouri Pacific Railroad Tracks, and on the south by Prescott Avenue. Ken Tucker & Associates, Inc. desires to participate in a redevelop- ment within this area by developing, leasing; and managing a regional commercial center in general accordance with the Downtown Development Study prepared by Trkla, Pettigrew, Allen and Payne and in a manner that will be mutually acceptable. Ken Tucker & Associates, Inc. also desires to prepare, at its expense, site design concepts for the proposed regional commercial center; in- cluding public space, parking requirements, and building locations in cooperation with the City in accordance with the following agreements: A. DEVELOPER RESPONSIBILITIES 1. A preliminary site plan and conceptual architectural design depicting a commercial center in the designated area of an appropriate size suitable to the downtown environment. The site plan will show the location, configuration and size of the commercial space with ancillary public space, parking, connections to adjacent land uses , and the stipulating of specific land parcels to be assembled. 2. Contacts with owners and lessees of land parcels and buildings to be assembled using the Developer's best efforts in cooperation with the City to determine the availability of all such parcels and buildings. • To be continued ' 110 Arm Commercial Developers & Consultants REALTOR 4849 Golf Road • Suite 100 • Skokie, Illinois 60077 • Area Code 312/675-4500 I7 Board of City Commissioners March 15 , 1982 Page Two 3. Contacts with major tenant prospects using the Developer's best efforts to secure major tenant letters of intent to participate in the commercial project. 4. A financial proforma of the financial feasibility of the proposed commercial center. The proforma will include all capital costs including both public and private costs, the proposed source of funding both public and private costs, and in addition will include an operating income and expense proforma. B. CITY RESPONSIBILITIES 1. By agreeing to this Memorandum of Intent, the City hereby designates the Developer as the exclusive developer for the proposed commercial project as defined by this Memorandum. The City will not enter into .a development agreement with any other developer for a commercial center in the designated area supported by tax increment or other public funds during the life of this Memorandum. 2. The City will use its powers permitted under tax increment financing laws of the State of Kansas to the extent feasible and required under any financial plan mutually agreed upon by the City and the Developer to provide public improvements and parking to support the regional commercial project and to acquire and assemble parcels needed for, this program. Such parcels:. would be sold to the Developer on a mutually agreeable basis, which may include direct purchases from existing owners or from the City through condemnation. 3. The City will cooperate to the extent possible in seeking financial assistance from the Federal Government, utilizing tax increment financing, issuing industrial revenue bonds, and issuing or guaranteeing other revenue bonds as required to package successfully a commercial project and as mutually agreed in the financial plan. 4. The City will provide assistance and coordination, as desired and to the extent possible, in defining site plans, property ownership, and financial plans. The City will also provide assistance, as desired and pos- sible, in'the Developer's requests for all necessary permits, To be continued Board of City Commissioners March 15 , 1982 Page Three authorizations and other public approvals needed to develop the project. Such public approvals shall not be unreasonably withheld by the City. C. TIMEFRAME The Developer is to complete the items contained in Section A. (1) and (4) and deliver a report to the City no later than April 19, 1982. Th._s_a e =- relliiri"'h in-effert186-days "ter date of—�exe utio unless ex- t hy:-mutua-1 ctmitten agreebent pr"o del that this Memoor>d a y E to erminat dbyAither party upon_s4tten/ no j n��tion�t the other pa�r'ty; ho er, 'the itytmay/ no /i rmipa�e S_ec ion B.(1)/wtiiile t is Memo- ndum is in effect without the written resent of the -Developer, D. DEVELOPMENT CONTRACT Upon Developer submission and acceptance by the City of the site plan, conceptual design, and financial plan, the City and the Developer agree to negotiate a development contract for implementation of the pro- posed regional commercial project including specific party responsibilities, timeframe, funding and related items pursuant to project development and completion. E. OTHER PROVISIONS 1. This Memorandum of Intent shall be governed by the laws of the State of-,Kansas. 2. This Memorandum of Intent shall bind the heirs, successors and assigns of the parties and inure to the benefit of their heirs , successors and assigns. If the foregoing meets with your approval, please indicate your acceptance by signing a copy of this letter as indicated and return the same to me, whereby upon this letter will become our Memorandum- of Intent. Very truly yours, KEN TUCKER & ASSOCIATES, INC. enneth. . Tucker, President Date: To be continued Board of City Commissioners March 15 , 1982 Page Four ACCEPTED: Name: a • 6 ss,a• Title: 2j/ N,j Date: 3 /SY 6-':L Name: Title: Date: