City Council Minutes 2010 04 06 - Laserfiche WebLink

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City Council Meeting Minutes April 6, 2010 Page 14 of 17 Economic Development Director Star explained the Staff received two proposals from prospective tenants for the Post Office building. She addressed errors in the Council Communique regarding the spelling of Ms. Butterworth's name and business and the garden dollar rental amount for the LuckyPie. She outlined the proposals as follows: Proposal Number 1: Pine Street Partnership proposes to fill the space with several different retail and food vendors. The partnership plans $60,000 for building upgrades, which include a new common kitchen and the addition of outside seating. The proposal requires the City to bring restroonns to code, repair damage to floors and basement due to flooding, and remove the chain link fencing south of the building. Additionally the City would be responsible for repairs to any major part of the facility which fails. Pine Street Partnership requests 18 months of rent abatement equal to $61,099. Proposal Number 2: LuckyPie. Brendan McManus, former owner of the Empire Restaurant, proposes a traditional Neopolitan pizza restaurant and bar. The request includes the ability to establish a Ikitchen garden for the use of the restaurant. The proposed investment in the building is estimated at $125,000. Approximately $100,000 will be required to outfit the kitchen, furniture and fixtures. Sales are estimated at $979,680 the first year. Mayor Sisk requested the applicants present their proposals. Pine Street Partners: Barbara Butterworth, 501 South Street (The Book Cellar), Louisville, CO and Susan Kelley, 936 Parkview (Telluride Gift Baskets) Louisville, CO. Barbara Butterworth opened the Book Cellar seven years ago. The Pine Street Market would complement the downtown area, by providing different retail shops and food vendors. It would create pedestrian traffic and address the Colorado Tech's Center need for restaurants. The project will not duplicate or overlap any other business, such as the Saturday morning Farmer's Market or the Friday Street Faire. They plan music, a beer garden, festive holiday eVEmts, family-focused entertainment, meeting rooms and charity events. Susan Kelley noted the Post Office site is a prominent area of the downtown area so maintaining a community venue is important. The Pine Street Partners proposal includes shops, restaurants, a deli, indoor and outdoor seating, and a growing market where farmers can bring in their fresh produce, milk and eggs. She noted the farmers and the local residents are excited about the proposal. LuckyPie: Brendan McManus, 9018 Rex Street, Louisville, CO stated he has been in the restaurant business for 25 years and formerly owned and operated the Empire Grill. His proposal is for a wood-fired pizza and sandwich restaurant, which will include Colorado micro-brewed beers and local handcrafted beers. The foods will be organic and natural. His proposal includes renting a portion of the field to grow vegetables. A