File #: 11-A-219    Version: Name:
Type: Deputation Status: Received
File created: 6/9/2011 In control: City Council
On agenda: 6/13/2011 Final action: 6/13/2011
Title: WILLIAM MOORE CONCERNING MOTION 11-G-180 - ALLANDALE STATION LANDS - OPTIONS FOR THE FUTURE SALE AND DEVELOPMENT OF THE COMMERCIAL PORTION William Moore of the Mandaville Group Inc. provided a deputation concerning motion 11-G-180 regarding the Allandale Station Lands - Options for the Future Sale and Development of the Commercial Portion. He commented that he feels that a balanced development of the property for Commercial and other uses that will not overpower the Train Station is appropriate. Mr. Moore explained that the City continued extensive consultation and encouraged the Correct Group to continue to move forward with their proposal once the YMCA withdrew from the project. He suggested that the Correct Group proposal contains a viable and balanced mix of the allowable Commercial uses. Mr. Moore indicated that he feels that only two things are left to consider, changing the plan or extracting more value by expanding the commercial uses. He commented that the site was appra...
Attachments: 1. Deputation - Correct Group 110613.pdf

Title

WILLIAM MOORE CONCERNING MOTION 11-G-180 - ALLANDALE STATION LANDS - OPTIONS FOR THE FUTURE SALE AND DEVELOPMENT OF THE COMMERCIAL PORTION

 

William Moore of the Mandaville Group Inc. provided a deputation concerning motion 11-G-180 regarding the Allandale Station Lands - Options for the Future Sale and Development of the Commercial Portion.  He commented that he feels that a balanced development of the property for Commercial and other uses that will not overpower the Train Station is appropriate.  Mr. Moore explained that the City continued extensive consultation and encouraged the Correct Group to continue to move forward with their proposal once the YMCA withdrew from the project.  He suggested that the Correct Group proposal contains a viable and balanced mix of the allowable Commercial uses.  Mr. Moore indicated that he feels that only two things are left to consider, changing the plan or extracting more value by expanding the commercial uses.  He commented that the site was appraised in August, 2010 for $3.0 million and he believes that the appraisal was flawed.  Mr. Moore stated that he feels without proposing changes to the existing site restrictions, the Correct Group has already offered more than the appraised value.  He noted that by completion, it is estimated that the Development Charges paid to the City will exceed $5.0 million and the Correct Group’s project will generate more than $1.0 million per year in property taxes.  Mr. Moore outlined his views concerning the potential consequences of throwing out all of the work done to date and starting over again.  He stated that he supports the Correct Group’s original strategy for the development of the site.

 

Members of City Council asked several questions related to the deputation.