1978/05/24 Council Minutes - Laserfiche WebLink

. .. . • May 24,1978 • COUNCIL BILL#785-162 191 Final reading: . ==ln:Myantat'lgcnBh,n7.:thNtilNtTall'ng=eTi::t • . Addition. • . Moved by Councilman Aldcroft,seconded by Councilman Po,that • , this is declared to be che final reading of Council Bill 785-162 i . and the City Clerk is directed to call the roll for the final , . disposition of the ordinance. .• Councilman Michelson and Langus both spoke against the ordinance. ' . They felt they were setting a precedent that would cause then: i . problems in coming vacations. i 5 Councilman Aldcroft felt the City is probably setting a policy •• for alley vacations because the alley was not on the tax rolls, :. and with the improvement being anticipated they will be PaYing , taxes and bringing a big improvement to that area and to the ., City. He felt this was a policy that could be established by the . City at this time. ...,... Councilman Pope felt that the appraisal was not correct because the . alley was worth nothing until the developer bought np all the lots . adjacent to it for their proposed hotel. • 'UO=.7.th'old'f=eZbell,I=Ins=17:11e-neihela:Z!t the . Councilman Baker spoke in favor of the motion because she felt this was ij' ' a ,maSbr redevelopment of the area particularly since the city had been :. trying to obtain a convention center for some time. Ted Dahl of Pacific Placa/nn,the developers felt that by assembling I the property in one ownership the value had been substantially increased. He felt is was unfair to charge mare,Mdffsg,ft,for the alleys than fOr the aver4ge the properties were purchased for. He thought it would be a more fair basls for an apprasial to use the early purchases for the comparables. He reviewed the revenues that would be derived by the City aftei this hotel was built such as the city's portion of real estate .h.,:';,,...',,.,„. taxes approXimated at 637,050.00 per year. Transit employee tax,Motor Hotel Transit Tax,B and 0 Tax and State Sales Tax,etc. Their total estimated revenues to the city for the first year of operation would be ... • $93,526.00. • Councilman Baker felt the Council should consider the manner in which . . the appraisal was done,that if it had been done prior to the purchase . of the property the appraisal amount would be different. Councilman Overstreet felt the appraisal was a fair appraisal done by a registered appraiser and that as a businessman he felt all business people should phy their fafr share of the tax allowed. Moved by Cohncilman Aldcroft,seconded by Councilman Pope that the Ordi- nance by amended stating that compensation to be paid to the City shall be zero. • Roll was called on the amendment,with all Councilmen voting no except Councihnan Aldcroft and Pope who voted yes.- . Motion Lost • Roll was called on Council Bill 785-162 as follows: • . f:117:::2n:%,A=ILZ°E4r.treet and Gipson Ordinance Rejected . :9. •