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Session 173 I, Hinutes 4. <br />August 31, 1998 <br /> <br />the sale of alcoholic beverages in conjunction with gasoline filling stations in order to <br />discourage the close proximity of drinking and driving. Several previous applicants at <br />other locations have been denied. The current applicant meets the technical <br />requirements for Council action and although not experienced in the State of Missouri <br />does have valid licenses in the State of Illinois at several locations. We are unable to <br />document any need for additional alcoholic beverage sales outlets to serve citizens in <br />this neighborhood. We have also not been able to document any clear business need <br />for such sales in that competitors in the gasoline service business seem to do well <br />without such sales. <br /> <br />Mr. Schoomer moved denial. Mr. Sharpe seconded the motion, which carried <br />unanimously. <br /> <br />AGENDA #2:7711 OLIVE PROPERTY PURCHASE: <br /> <br />Mr. Ollendorff recommended approval of the proposed purchase by the Tax Increment <br />Finance commission of this final parcel needed to assemble land for redevelopment at <br />the northwest corner of Olive and North & South. The TIF Commission has accepted a <br />pumhase agreement in the amount of $70,000 utilizing money available in the TIF <br />account from the Westover Center development across the street. City Council <br />authorization is necessary for the major property purchases by our TIF Commission. <br />Upon council acceptance and closing on the property we can proceed with plans for <br />inviting development proposals. This is another step in our continuing renewal and <br />upgrading of Olive Street Rd. <br /> <br />Mr. Lieberman asked what was the assessed value of this property, because he <br />remembered, from years back, that this property had a much lower assessed valuation. <br />Mr. OIlendorff replied that he believed that the assessed value for its use was <br />substantially lower, but the $70,000 was based on its value for resale and <br />redevelopment. <br /> <br />Mr. Liebarman asked if we had any candidates that are looking at this area, once it is <br />entirely in the hands of the TIF Commission. Mr. Ollendorff said that there has been <br />three inquiries, so far, over the last seven to eight months from individual retailers and <br />one from a developer. The area has not been solicited at all and based on the <br />response of unsolicited business, we should be able to attract a good development for <br />that property. <br /> <br />Mr. Sharpe moved approval. Mr. Munkel seconded the motion. <br /> <br /> <br />