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9. Review of KDC OfferingAgenda - April b, 1998 AGENDA ITEM 9 - REVIEW OF KDC OFFERING/POSSIBLE ADJUSTMENTS BACKGROUND/CONSIDERATION: Upon passage of the offering option the Council approved at their special meeting, I asked Staff to review the options to determine if there is any inherent problems that would be created by the offering. I have enclosed a memo from Ross Plambeck with Staff analysis of the offering. As you will see, there are problems that we need to address prior to making an offering. RECOMMENDATION: It is clear that we need to clarify the offering documents/options that were approved at the meeting. We should not place ourselves into another scenario that: l: creates substandard, non -conforming lots, 2: requires us to re -advertise parcels, 3: does not allow flexibility to all interested developers, 4: "locks -out" potential developers. In terms of a Staff recommendation, just as we did at the special meeting, I must recommend the option that Mayor Boharski supported at the meeting. That option is listed as the first -0 option on the memo: Offer any and/or all City owned property witapecified packaging of the lots. ACTION REQUIRED: A motion clarifying your desired offering option is needed. 1VIEMO Date: April 2, 1998 To: Larry Gallagher, PECDD Director From: Ross Plambeck, Redevelopment Manager RE: Analysis of Offering Options for City Owned Property in Blocks 36 & 45 At the City Council's special meeting on March 25, 1998, four separate options were specified in the offering of City property. You requested me to do a comparative analysis of those different options and make recommendations on how the Offering Document could be structured to ensure the proposals submitted would meet the goals of properly redeveloping the site. It is likely that multiple proposals would be submitted with various combinations of the four different options. Comparing the different proposals will be difficult because several of the possible combinations would be in direct conflict with other proposals and not meet the specific option requirements identified in the Offering Document. In order to sort through the possible variations that may be submitted, I have created a table that compares the feasibility of all the combinations. The attached table contains 14 different possibilities. While not all of them are practical from the standpoint of what developers would likely submit, there is still a possibility the City could receive some of those conflicting proposals. Contained in the Council's motion is the statement: "with bids opened as quickly as the law allows." The current Offering options creates many likely scenarios of different proposals that if accepted by the Council would require re -offering the property and re -advertising for proposals. Option 3 in particular causes two problems: (1) the pairing of NFS Bldg with Lots 1 & 2, Block 36, would not permit the construction of a functional parking lot that would meet City codes (see attached analysis and site plans), and (2) if those lots are sold along with NFS Bldg., then the remainder of the %2 block is not part of any other Option, conflicts directly with Options 1 & 4, and would require another re -offering of City owned property. Irwin Davis & Co. has indicated in their March 16, 1998, letter to the City, an interest in submitting a revised offering to purchase the ST of Lot 7, and all of Lots 8 thru 14 of Block 36. The current four options do not allow any consideration of their current proposal, or the flexibility to evaluate it compared to other proposals. Recommendation In order to prepare an Offering Document that expedites the consideration of proposals and permits the Council to make decisions without re -advertising over and over, a clarification and simplification of the Offering Options should be considered: Offer any and/or all City owned property, with no specified packaging of the lots. Proposals would be evaluated and recommendations made to City Council on which proposals best meet the goals of the Offering Document in redeveloping the properties. 2. Offer all City owned property as one offering, with no splitting up of any parcels from the whole. 3. If the four options are left as is, and a proposal for Option 3 is submitted by an investor and accepted by the City, then a re -advertisement of the remainder of property would be required. Adopting recommendation 1 and/or 2 would eliminate that conflict. 4. If Option 3 remains as an alternative, then an additional 14 feet from Lot 3 should be included to create a functional parking lot with a 64 foot lot width. 5. If the four options are left as is, it is conceivable that all of the City owned property in Blocks 36 & 45 could be sold except for the NFS Bldg. Recommendation 1 and/or 2 would eliminate that conflict. Sale of City Owned Property on Blocks 36 & 45 Feasibility Analysis of Various Options to be Offered (analysis assumes Option 3 has been revised to provide a 64 foot wide parking lot) Option Lots Sq. Ft. Feasibility Comments I I thru 12, Blk. 36 63,000 limited Leaves NFS Bldg. out of the 13 & 14, Blk. 36 offering option altogether and no 1 thru 4, Blk. 45 parking. 2 NFS Bldg 10,500 limited Only offers NFS Bldg. and parking 15 & 16, Blk. 36 lot. 3 NFS Bldg. 12,460 limited and Dedicating the NE lots for parking 1, 2, & N14' of 3 conflicting for NFS contradicts Options 1 & 4. 4 1 thru 12, Blk. 36 70,000 limited Leaves NFS Bldg. out of the 13 thru 16, Blk. 36 offering option altogether and no 1 thru 4, Wk. 45 parking. 1 & 2 1 thru 12, Blk. 36 73,500 OK Combined offer sells all of City 13 & 14, Blk. 36 owned land i thru 4, Blk. 45 NFS B1d2 15 & 16, Blk. 36 1 & 3 1 dim 12. Wk. 36 limited and Dedicating the NE lots for parking 13 & 14, Blk. 36 conflicting for NFS contradicts Option 1 and I thru 4, Blk. 45 ? leaves Lots 15 & 16 out of the offering altogether. NFS Bldg. 1.2,&N14'of3 1 & 4 1 thru 12. Blk. 36 limited and Leaves NFS Bldg. out of the 13 & 14, Blk. 36 duplicates land offering option altogether and no I thru 4, Blk. 45 N/A offered parking. 1 thru 12. Blk. 36 13 thru 16, Blk. 36 1 thru 4, Blk. 45 2 & 3 NFS Bldg duplicates and Not a viable offering option. 15 & 16, Blk. 36 N/A contradictory NFS Blde. 1,2,&N14'of3 2 & 4 NFS Bld` 73,500 OK? Duplicates the sale of Lots 15 & 15 & 16, Blk. 36 16, but disposes of all City owned land I thru 12. Blk. 36 13 thru 16. Blk. 36 1 thru 4, Blk. 45 Option Lots Sq. Ft. Feasibility Comments 3 & 4 NFS Bldg. limited and Dedicating the NE lots for parking 1, 2, & N14' of 3 contrad ,-tory for NFS contradicts Option 4 I thru 12, Blk. 36 13 thru 16, Blk. 36 1 thru 4, Blk. 45 1, 2, & 3 1 thru 12, Blk. 36 contradictory Duplicates the sale of NFS Bldg. 13 & 14, Blk. 36 and dupBcates and dedicating NE lots to NFS 1 thru 4, Blk. 45 ? contradicts Option 1 NFS Bldg 15 & 16, Blk. 36 NFS Bldg. 1,2,&N14'of3 1, 2, & 4 1 thru 12, Blk. 36 Duplicates the sale of Lots 1 thru 13 & 14, Blk. 36 14, Blk. 36, Lots 1 thru 4, Blk. 45 1 thru 4, Blk. 45 ? N/A NFS Bldg 15 & 16, Blk. 36 1 thru 12, Blk. 36 13 thru 16, Blk. 36 1 thru 4, Blk. 45 1, 3 & 4 1 thru 12, Blk. 36 Duplicates the sale of Lots I thru 13 & 14, Blk. 36 14, Blk. 36, Lots I thru 4, Blk. 45, 1 thru 4, Blk. 45 N/A and contradicts Options 1 & 4. NFS Bldg. 1,2,&N14'of3 1 thru 12, Blk. 36 13 thru 16, Blk. 36 1 thru 4, Blk. 45 2,3 & 4 NFS Bldg Duplicates the sale of NFS Bldg, 15 & 16, Blk. 36 Lots 15 & 16, Blk. 36, and ? N/A conflicts with Option 4 NFS Bldg. 1,2,&N14'of3 1 thru 12, Blk. 36 13 thru 16, Blk. 36 1 thru 4, Blk. 45 ) r 'I oR:"A (RTS) OPTION #1 Lots 1 through 12, Block 36 Lots 13 & 14, Block 36 Lots 1 through 4, Block 45 Total Square Footage: 63,000 9/m\57, CENTER 57'F* NFS BLDG b 3500 SF LOT N 7,860 SF BUILDING AREA KELLY MAIN STREET FURNITURE C' 10,500 SF LOT MONTANA EXPRESSIONS & CIAO 14,000 SF LOT ��4� City Owned LOTS 15 & 16 7,000 SF LOT City Owned Public Parking (22 spaces) LOTS 13 & 14 7,000 SF LOT BLOCK 45 _ Lars i mAKovc vi 1Z 44, 000 SQ. Fr City Owned Public Parking (35 spaces) LOTS 1, 2,3 & 4 14,000 SF LOT OPTION #2 NFS Bldg. Lots 15 & 16, Block 36 Total Square Footage: 10,500 rKELLY MAIN STREET FURNITURE d ft 10,500 SF LOT MONTANA EXPRESSIONS & CIAO 14,000 SF LOT i City Owned LOTS 15 & 16 7,000 SF LOT City Owned Public Parking (22 spaces) LOTS 13 & 14 7,000 SF LOT sm BLOCK 45 CEN7ER STD Lots 1 -rHftovGH 12 44, 000 .50, FT. ' I A40 I 1 to City Owned Public Parking (35 spaces) LOTS 1, 2,3 & 4 14,000 SF LOT t- OPTION #3 NFS Bldsz. Lots 1, 2 & North 14 feet of Lot 3, Block 36 Total Square Footage: 12,460 ��5 3500 SF LOT 7,860 SF BUILDING AREA KELLY MAIN STREET FURNITURE r, 10,500 SF LOT MONTANA EXPRESSIONS & CIAO 14,000 SF LOT CO), 6/4Z City Owned LOTS 15 & 16 7,000 SF LOT City Owned Public Parking (22 spaces) LOTS 13 & 14 7,000 SF LOT GENTER STD LaT:-:, i 1-4i&4ucivi Loc 000 5GL. FT i4o� �b� i4o I BLOCK 45 1 I \ tu City Owned Public Parking (35 spaces) LOTS 1, 2,3 & 4 14,000 SF LOT US �o2'c1� cam) OPTION #4 Lots 1 through 12, Block 36 Lots 13 through 16, Block 36 Lots 1 through 4, Block 45 Total Square Footage: 70,000 NFS BLDG t) r c� 3500 SF LOT 7,860 SF BUILDING AREA KELLY MAIN STREET FURNITURE C 10,500 SF LOT MONTANA EXPRESSIONS & CIAO 14,000 SF LOT E:3 L. 02 City Owned LOTS 15 & 16 7,000 SF LOT City Owned Public Parking (22 spaces) LOTS 13 & 14 7,000 SF LOT EAM t I3LocK CEN7ER STD HI 1 rt_ ---Lars 1 -TKRovGH 12 ��. LOC K 000 SQ FT City Owned Public Parking (35 spaces) LOTS 1, 2,3 & 4 14,000 SF LOT OPTION #3: Analysis and Recommendations This option is the most difficult to evaluate when compared to the other three options. A proposal to the City that is only for Option 3 will present a conflict if either Options 1 or 4 are also submitted. Options 1 & 4 would include the same lots in the NE corner of Block 36, but would not include the NFS Bldg. While the Council's motion doesn't specify the use of the vacant property, the assumption is to provide off-street parking for the NFS Bldg. occupants. Off street parking will need to be designed to meet the "Minimum Parking Lot Requirements" as specified in the Kalispell Zoning Ordinance (Section 27.26.030 (3) DESIGN, Figure 1, App. A), and the Standards for Design and Construction. Option 3 currently offers Lots 1 & 2 along with the NFS Bldg. This 50 foot lot width will provide only 14 parking spaces as shown on the site plan. In order to create a more functional parking lot with more parking, Option 3 should be changed to offer 64 feet of lot width (Lots 1, 2 & N14' of 3). The 8,960 sq.ft. lot will provide 22 parking spaces, including one ADA van accessible stall closest to the building as shown on the site plan. The following criteria has been used in developing the dimensional requirements necessary: 0 The Standards for Design and Construction require curb cuts for driveways to be located a minimum of 35 feet from the edge of pavement of the nearest abutting intersection (Sec. 2, DESIGN STANDARDS, DS-06, Driveways). Utilizing a One Way Traffic flow for the parking lot layout will require less total width and reduce turning conflicts on both I' Ave. East and Center Street. Access to the lot would be from the alley at Center Street. Egress will be a right out only turn onto 1" Avenue East (left turning movements from the parking lot would cause conflicts with northbound traffic stacked at the new signalized intersection, and vehicles turning south from Center Street). The most convenient layout for ease of use is 60 C angle parking and will ensure proper one way traffic flow. (See attached parking lot layout) Landscaping is required at 5% of the total parking lot area per Section 27.26.030 (6) LANDSCAPING. The section also states "Landscaping is particularly encouraged along the perimeter of the parking lot for the purposes of providing a visual relief between a public street and the parking lot." Rt st- % o.)-t-' ONL-. /L- V IY7 x L crr %eq to -n-k