Empire Gets Extension
The Raleigh City Council voted unanimously to grant a 4-month extension to for their proposal to develop a piece of city land known as Site 4. The City Manager’s suggestion was to reopen the bidding process to interested developers, as Empire has missed deadlines for submitting site plans and cannot prove any serious financial support for the project. The City Council approved a Memorandum of Understanding with Empire Properties to develop the property 24 months ago.
One of the issues at hand is the agreement for the widening of Salisbury Street in front of the property. The widening is needed according to preliminary site plans, and Empire agreed to split the costs of construction, about $100,000 total, with the city. Contract work is done and the city is almost ready to begin the work, but has received no funds for the project from Empire.
The city voted to grant an extension until November 1 on three conditions:
- The funds for widening Salisbury St. be presented
- A site plan be submitted for approval
- No more extensions
While the first two items are clear success criteria, the issue of “no more extensions” is vague. If Empire presents with only an updated site plan and $50,000 funding for the street widening, but no proof of funding, is the project still theirs? If so, then when should they prove funding, and would this be, in fact, an “extension”?
Clearly Empire received preferential treatment in the extension of this agreement based on the merits of their previous work. Their attention to detail in renovating some of downtown’s oldest buildings is obviously appreciated. Hopefully they can excel in creating tomorrow’s historical building at Site 4 as well.
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http://www.danamccall.com Dana
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http://www.raleighmsa.com Ernest
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Brad
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Brad
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http://www.raleighmsa.com Ernest
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ChiefJoJo
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http://www.gogoraleigh.com/2008/08/04/city-manager-recommends-terminating-lafayette/ gogoraleigh.com» Blog Archive » City Manager Recommends Terminating Lafayette
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