City Council Minutes 1981 06 16 - Laserfiche WebLink

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PEOPLE IN ATTENDANCE NOT APPEARING ON THE AGENDA MARK KAHAN DEAN TONY BECK ~ESIDENT, JACOBS/KAHAN CO. Councilman Fauson 6/16/81 Page - 2 - Mr. Joe French, Attorney representing Jacobs/Kahan Company introduced Mr. Mark Kahan and Dean Tony Beck. Mark Kahan advised council he was in attend- ance to inform them how the Centennial Valley Mall project would progress and that the company had been restructured with new personnel with expertise in this field. The opening date of the Hall is set for September 20, 1983 and advised that a bar graph schedule had been developed ~ that department stores usually build from 15 to 17 months; also that they start back from Sept. 20, 1983 for construction. This is done for financial protection by not having to pay high interest rates. Money has been escrowed for the utility lines being installed. The architects are working on the plans and a conserva- tive schedule has been established. He reassured council their company would build the Mall - opening date Sept. 20, 1983. Informed Council he had been with the company just 60 days but before he left Carter, Hawley, Hale Real Estate Co. he investigated the Jacobs/Kahan Co. thoroughly and was convinced the Company has unlimited potential. He stated he had gone over the schedule, which was presented to council, to verify its credibility, and he was thoroughly con- vinced it could be, and would be met. He advised along with the real estate aspect, it was his responsibility to plan and con- struct the department stores, and he was very familiar with scheduling. When a Broadway or Neiman-Marcus store was built it usually took 14 months and 90 clays to fixture and stock it - 60 days to fixture and 30 days to stock. He then presented the schedule to Mayor and Council members and stated he would be happy to answer any of their quest- ions. Inquired of Mr. Beck if the possibility of a strike of the construction workers or shortage of materials had been taken into consideration in the 14-18 months time frame. Mark Kahan advised that engineering and weather conditions had been but not unforseen delays such as he mentioned.