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R2000-109 AUTHORIZING EXECUTION OF AGREEMENT
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R2000-109 AUTHORIZING AGREEMENT
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R2000-109 AUTHORIZING EXECUTION OF AGREEMENT
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3/30/2016 2:48:46 PM
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3/30/2016 2:48:39 PM
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Resolution/Ordinance
Res Ord Num
R2000-109
Res Ord Title
AUTHORIZING EXECUTION OF AGREEMENT - REAL ESTATE INVESTORS OF DECATUR, L.L.C.
Approved Date
7/17/2000
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, � • , � � 2 <br /> To verify our commitment to this transaction, some of <br /> the improvements that my clients are going to perform in- <br /> clude : <br /> l . Resurface West Parking Lot creating 250 parking <br /> spaces; <br /> 2 . Resurface South Area behind Center adding approxi- <br /> mately 100 tenant parking spaces; <br /> 3 . Remodel or remove two structures on the Northeast <br /> section of the plat to encourage new retail; <br /> 4 . Re-seal entire parking area and re-stripe; <br /> 5 . Install a new sign and rename Center, Fairview Park <br /> Plaza; <br /> 5 . Landscape Center to create a new fresh si�reetscape; <br /> 7 . Re-roof all shingle roof areas with new metal roof- <br /> ing; <br /> 8 . Replace all concrete walks with stamped brick con- <br /> crete; <br /> 9 . Increase lighting in all areas as needed; and <br /> 10 . Remodel and re-roof approximately 100, 000 sq. <br /> ft . of space, which would include new mechanical, <br /> plumbing and interiors . <br /> Enclosed are some photos of the condition of the Cen- <br /> ter . <br /> My clients only wish to improve this retail facility, <br /> bring more traffic with more retail sales and at the same <br /> time increase the value of this Center that will increase <br /> the value of the surrounding area . <br /> Their improvements will guarantee at least two addi- � <br /> tional National Retail tenants . It is unlikely that <br /> they would ever consider the Center without these im- <br /> provements . They have letters of intent for over 60, 000 <br /> sq. ft . of space contingent upon completion of these im- <br /> provements . <br /> In addition, my clients intend to use any funding re- <br /> ceived from the City for 134 E . Main Building for reno- <br /> vation that will put them in compliance with Life and <br /> Safety Improvements, The Americans for Disabilities Act, <br /> and Local Code and Ordinances required for office space <br /> use on the upper floors and the proposed restaurant on <br /> the first floor. This six-story structure currently is <br /> in violation of all these codes . Many developers have <br /> passed on this property because of the extensive renova- <br /> tions necessary to bring it to code, particularly the <br />
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