|
|
STRATEGIC OUTCOMES |
ACTION |
|
Department: |
☐ Safe & Prosperous |
☒ Motion |
|
City Administration |
☒ Active & Appealing |
☐ Resolution |
|
|
☐ Respected & Responsible |
☐ Ordinance - Introduction |
|
Division: |
☐ Connected & Engaged |
☐ Ordinance - Adoption |
|
Click or tap here to enter text. |
☐ Unique & Creative |
☐ Public Hearing |
TITLE: t
Approval of Land Use for “Parcel B” pursuant to the January 23, 2023, Development Agreement
end
SUMMARY RECOMMENDATION: Summary Recommendation
Authorize the construction and operation of Bubba’s 33 on Parcel B. (Administration) (Jay Simonton)
end
STRATEGIC OUTCOME:
This item furthers City Council’s strategic outcome of Active and Appealing.
REPORT:
Ordinance No. O2022-054 approved a Property Sale, Option and Development Agreement (Development Agreement) between the City and Hardknocks, LLLP (now Spencrazi, LLC, or “Spencrazi”) for the development of City-owned property, Parcel A and Parcel B, at the southwest corner of 4th Avenue and 16th Street are shown below.
Under the Development Agreement, the City sold Parcel A to Spencrazi for the construction and operation of a new restaurant, Slim Chickens. The Development Agreement also grants Spencrazi an option to buy Parcel B within four years of the close of escrow on Parcel A but the City Council must approve “by motion . . . any use of Parcel B prior to the Close of Escrow of Parcel B.”
Hardknocks’ assignee, SpenCrazi L.L.C., seeks City Council approval to construct and operate Bubba’s 33, a new 7,743 square foot restaurant, on Parcel B in order to finalize a lease with Bubba’s 33 and submit building plans for approval.
This motion approves the construction of a Bubba’s 33 on Parcel B in accordance with the terms of the Development Agreement.
FISCAL REQUIREMENTS:
|
CITY FUNDS: |
$ 0.00 |
BUDGETED: |
$ 0.00 |
|
STATE FUNDS: |
$ 0.00 |
AVAILABLE TO TRANSFER: |
$ 0.00 |
|
FEDERAL FUNDS: |
$ 0.00 |
IN CONTINGENCY: |
$ 0.00 |
|
OTHER SOURCES: |
$ 0.00 |
FUNDING: ACCOUNT/FUND #/CIP |
TOTAL $ 0.00
|
Click or tap here to enter funding - 11pt Arial |
|
|
To total; right click number & choose “Update Field” |
|
FISCAL IMPACT STATEMENT:
In addition to the sale price, the development of Parcel B will bring additional tax dollars to the City.
ADDITIONAL INFORMATION:
SUPPORTING DOCUMENTS NOT ATTACHED TO THE CITY COUNCIL ACTION FORM THAT ARE ON FILE IN THE OFFICE OF THE CITY CLERK:
Proposed elevations and site plan for Bubba’s 33, Development Agreement.
IF CITY COUNCIL ACTION INCLUDES A CONTRACT, LEASE OR AGREEMENT, WHO WILL BE RESPONSIBLE FOR ROUTING THE DOCUMENT FOR SIGNATURE AFTER CITY COUNCIL APPROVAL?
☐ Department
☒ City Clerk’s Office
☐ Document to be recorded
☐ Document to be codified
|
Acting City Administrator: |
Date: |
|
John D. Simonton |
04/08/2024 |
|
Reviewed by City Attorney: |
Date: |
|
Richard W. Files |
04/05/2024 |