building a case

From: Henry McClure <mcre@cox.net>
Sent: Friday, June 1, 2018 9:16 AM
To: 'khiller@topeka.org' <khiller@topeka.org>; 'bjensen@topeka.org' <bjensen@topeka.org>
Cc: 'Jeff Coen' <jeff@thec-team.com>; 'Brent Trout' <btrout@topeka.org>; 'Douglas Gerber' <dgerber@topeka.org>
Subject: FW: introduction, College Hill

Karen and Brenden

This project affects your districts the most. It is a shame we have a shortfall and the retail never caught fire. That was the toughest leasing job I ever had.

Now the City needs to step up and make it right.

This is in your hands to fix the shortfall. This will be a step in the right direction. We need to do more.

I suggest we create a taxing district CID that retires with the bonds are paid off. Include the shopping center at 21^st and Washburn too. Howard Paul sold the center to Washburn University and they benefit the most from the College Hill development overall. 80% of the tenants are Washburn students.

We must grow the tax base and retire the bonds.

Henry McClure

From: Henry McClure <mcre@cox.net>
Sent: Friday, June 1, 2018 9:00 AM
To: 'Brent Trout' <btrout@topeka.org>; 'Douglas Gerber' <dgerber@topeka.org>
Cc: 'council@topeka.org' <council@topeka.org>; 'Cook, Kevin' <Kevin.Cook@snco.us>; 'tanderson@tps501.org' <tanderson@tps501.org>; 'Brenda Younger' <BYounger@Topeka.org>
Subject: FW: introduction, College Hill

Are you going to assign the development agreement to the new owner?

Read section Seven.

I do not understand how the City can even move forward with zoning shovel-ready land assembled with TIF bond money to implement a Bark Park?

If the current owner does not want to build this land should be offered to the public. (see building J amendment – the developer is in default) The new owner should have a short fuse to build on the land. It can’t go to the dogs.

Why would the TIF district not need to be amended and approved by 501 and the County taxing districts?

We need the Tax base $$$$’s.

The property has a new owner and is bound by the development agreement even though the seller did not inform them of the agreement.

Henry McClure

From: Henry McClure <mcre@cox.net>
Sent: Thursday, May 3, 2018 7:31 AM
To: 'Bill Newsome' <bnewsome@newsomedevelopment.com>; 'Lew McGinnis (lewmcginnis@generalproperties.net)' <lewmcginnis@generalproperties.net>
Subject: RE: introduction, College Hill

Bill

Thanks so much. It would be very helpful if you could share the original development agreement to form the TIF district. CBRE should have disclosed this data with the Buyer during the due diligence phase of the acquisition.

The TIF bonds have a $310 short fall annually. We need to create as many way to grow the tax base in the district. Building on the “J” site would be a good start. Those 8 lots are ready to go.

Thanks for your help bill.

Thanks

Henry McClure

785.383.9994 Direct

Time Kills Deals

From: Bill Newsome <bnewsome@newsomedevelopment.com>
Sent: Wednesday, May 2, 2018 7:08 PM
To: Lew McGinnis (lewmcginnis@generalproperties.net) <lewmcginnis@generalproperties.net>
Cc: mcre@cox.net
Subject: introduction, College Hill

Lew,

Henry McClure is a Topeka broker/businessman and was part of our College Hill ownership group in the early years. He remains active in Topeka and is very familiar with the College Hill area. He contacted me and said he would like to talk to you about the vacant lot on the east side of Lane.

So I’ve made the email introduction!

Hope all is well with you……….

Bill Newsome

Newsome Development and Investments, Inc.

1421 Oread West, Suite B

Lawrence, KS 66049

785-331-4644

From: Henry McClure [mailto:mcre@cox.net]
Sent: Wednesday, May 02, 2018 3:30 AM
To: Bill Newsome <bnewsome@newsomedevelopment.com>
Subject: Lew McGinnis

Please introduce me to Lew McGinnis.

Thanks

Henry McClure

785.383.9994 Direct

Time Kills Deals