1981 REG MTG MIN JUL 7 - Laserfiche WebLink

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7 Moved by Councilwoman Cisneros, seconded by Councilman Rehrer, to terminate the public hearing. Unanimous vote. Moved by Councilman Hayes, seconded by Councilman Rehrer, to accept the Annual Weed Abatement Program as 100% Complete, authorize recording of the Notice of Completion and approve Resolution No. 4130. Unanimous vote. RESOLUTION NO. 4130 - RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON CONFIRMING THE REPORT OF THE STREET SUPERINTENDENT ON COST OF ABATING NUISANCE. CORRESPONDENCE: Library Project Keeney & Son Mayor Gonzales reported the City Council received a Letter from Keeney & Son requesting time on tonight's agenda for presentation of their Library Proposal. Mr. Bob Keeney reported that he had mailed his proposal to each of the Council Members and Mr. Trevino, therefore, he would be brief in his presentation. Mr. Keeney said his proposal is an alternative to the one under consideration by the City Council and consists of the following: Leasing of their Building currently under construction in Redevelopment Project I. The building contains 12,372 square feet; the lease base cost would be $850,000 at 111-2 interest; the lease would be a 10 year lease; and at the end of the ten year lease the City could purchase the building for $3.00; there would be no prepayment penalty if the City decided to buy out the lease, it would just be the unamortized portion of their loan against the building; there would be no adjustment in the lease cost for inflation; the least cost would be a fixed rate. Mr. Keeney stated they also have two alternates for the City's consideration: 1. That Keeney accept the current Library site as a partial reduction of the lease base cost. Keeney's feeling is that the land is not viable to the City for a Library, but could be used for future expansion of City Hall. 2. That Keeney accept the approximate -1.64 acres of property that the current City Yard occupies and use that as a partial reduction of the lease price. Mr. Keeney said he would really like to discuss the second alternate as they feel that this alternate would provide an advantage to the City of retaining the present Library site for future City expansion, it would save approximately $103,000 over the ten year period, if the City decided to lease the extra space out, considering the 9,000 vs 12,000 sq feet and at the end of the ten years the City would have a 12,000 sq. ft. building vs a 9,000 sq. ft. building. Mr. Keeney stated he feels they could develop the City Yard property into a Senior Citizens Center with the Library across the street. City Manager Trevino reported that John E. Brown and he had reviewed the Keeney & Son proposal today and had found the following: 1. The location of use may not be conducive to surrounding commercial use. 2. The building was designed for office use vs Library use. 3. Lack of Handicap access to the second floor. 4. The City would realize little or no tax revenues while the building is in public ownership. 5. Difficulty in finding tenants and if no tenants are found, then the cost advantage is not realized. 6. There could be a compatibility problem in tenant use vs library use. Mr. Trevino said the City would have to find a tenant that is compatible with a library use. Mr. Keeney asked for the opportunity to answer the six points outlined by Mr. Trevino. Mr. Keeney then proceeded by giving his ideas as a developer, on the various points outlined by Mr. Trevino as possible problems. Mr. Keeney concluded that he does not see any of the points as subjects that cannot be worked out to everyone's satisfaction. JUL 7 1981