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Council MIN 06-21-2007 Special FEDERAL WAY CITY COUNCIL Council Chambers - City Hall June 21, 2007 Special Meeting 6:00 PM MINUTES (www.cityoffederalway.com) ****** I. CALL MEETING TO ORDER Mayor Park called the Special Meeting to order at 6:06 PM. Councilmembers Burbidge, Dovey, Faison, Kochmar and Deputy Mayor Ferrell present. Councilmember McColgan excused. II. PURCHASE AND SALE AGREEMENT FOR WEST PARCEL OF TRANSIT CENTER MOTION: Councilmember Faison moved to execute the proposed purchase and sale agreement for the west parcel of the Transit Center for $500,000 $50,000. Councilmember Dovey second. The motion carried 6-0. III. AMC THEATERS' SITE REDEVELOPMENT PROPOSAL REVEW Review and consideration of the redevelopment proposals for the former AMC Theaters site from the two selected RFP respondents - Williams & Darnel Alpert Capital and United Properties. Presentations will be at 6:00 PM and 7:00 PM with time allowed for public comment. Economic Development Manager Patrick Doherty lead the session by giving a brief overview ofthe project to date. United Properties Proposal: Victor Setton, President of United Properties reviewed their proposal and introduced the team members. Their proposal, called Symphony, included mixed-use residential and retail development, a one-acre public park which would include an amphitheatre, underground parking and a day- care facility. Public Comment: H. Dave Kaplan - stated he is excited about the proposal as it is well thought out. He is concerned that the City will look too much like Bellevue. Dennis LaPorte- inquired if water retention is underground (answer is yes). He also questioned the location of the amphitheater in the public park, the size of the parking stalls and north-facing decks. Council had numerous questions including the timing of building phases (all four buildings would be built at once); will there be other financial partners (yes); willingness to modify design (yes); and the project budget (budget based on 2008/2009 building costs including inflation); Council recessed at 7:15 PM; Reconvened at 7:21 PM Alpert Capital Proposal: Spenser Alpert, President of Alpert Capital introduced his team members. Dave Heater delivered their presentation, Steel Lake Village, which includes residential and retail development; below grade parking; public open space and environmental sustainability. Public Comment: H. Dave Kaplan - asked about traffic flow from north to south through the middle of the project and the inclusion of apartments. Mr. Heater stated it is assumed this land would be open spacelpark space and it is not economically feasible to construct apartments. Sandy Pettit - looks as though the open-space is courtyard-type space rather than a central area. She also stated she likes the "Kent Station" appeal. Mr. Heater replied the intent ofthis project is to surpass Kent Station and create an urban community feel. J ann Perez - stated she was somewhat disappointed in both proposals as the focus ofthe project should draw people downtown; she feels neither of these proposals does that. Council had numerous questions including concerns over the location of a park next the parking structure; a willingness to modify the design; and phasing of the buildings (build first set of condos- sell those and move on to next building). Council asked for a graph comparing both projects and for staff to come back to Council at a later date with answers to their questions/concerns. IV. ADJOURN Mayor Park adjourned the special meeting at 9:40 PM. ATTEST: Approved as amended by Council on: 7/17/2007 (Amended portion in Italics)