Thursday, March 7, 2024

: Sale Leaseback

Another good story.

Henry McClure  
785.383.9994
sent from mobile 📱
time kills deals

---------- Forwarded message ---------
From: Henry McClure <mcre13@gmail.com>
Date: Sun, May 1, 2022, 4:28 PM
Subject: Sale Leaseback
To: Hannah M. Uhlrig <huhlrig@topeka.org>, Neil Dobler <neil.dobler@bartwest.com>, Emerson Tony <temerson@topeka.org>, Bill Cochran <wcochran@topeka.org>


With a sale-leaseback, you can maintain total control.  Even put a deed restriction that all properties must remain market rate public parking. 

These are low due to holes in my information. My numbers are missing some data. 

This would grow the Taxbase $443,997.95 annually 

Income from sale - $23,589,983 

With the City guaranteeing the lease an investor is going to feel good about the payment. This opens up this deal to so many more investors. A strong lease gives you total control. Keep operating them yourselves. 

Creating the right structure of the lease will be perceived as a great deal. The City will get a premium price. 

This idea is worth exploring 

--
Henry McClure 
Time kills deals
785-383-9994
on No comments:

Fwd: The scales of justice seem tilted

This would make a good story.

Henry McClure  
785.383.9994
sent from mobile 📱
time kills deals

---------- Forwarded message ---------
From: Henry McClure <mcre13@gmail.com>
Date: Mon, Apr 25, 2022, 11:15 PM
Subject: The scales of justice seem tilted
To: Bill Cochran <wcochran@topeka.org>


As I understand the process the Board of "Go Topeka" advises JEDO on economic development requests........

The Chairman of the board elect has found the most interesting way to make deals in this area to his benefit. 


The guy got his lake repaired and the City of Topeka maintains the lake. 

An IRB was floated then spread over 102 lots and is not making the payments? 

Tell me about that policy? 

Please 

--
Henry McClure 
Time kills deals
785-383-9994
on No comments:

Fwd: Casey's 32nd Street Terr.



Henry McClure  
785.383.9994
sent from mobile 📱
time kills deals

---------- Forwarded message ---------
From: Henry McClure <mcre13@gmail.com>
Date: Thu, Mar 3, 2022, 4:13 PM
Subject: Casey's 32nd Street Terr.
To: Sterling Scott <sterling.scott@svn.com>, Michael Bryant <michael.bryant@caseys.com>, Bill Cochran <wcochran@topeka.org>


Looks like moving the light at the old gordmans is doable 

H 

--
Henry McClure 
Time kills deals
785-383-9994
on No comments:

Fwd: FYI



Henry McClure  
785.383.9994
sent from mobile 📱
time kills deals

---------- Forwarded message ---------
From: Henry McClure <mcre13@gmail.com>
Date: Fri, Feb 25, 2022, 10:09 PM
Subject: FYI
To: Bill Cochran <wcochran@topeka.org>, Michael Padilla <mpadilla@topeka.org>


For the record 

Henry McClure  785 383 9994
on No comments:

Bring Back the Boulevard TIF

Deaf ears 

Henry McClure  
785.383.9994
sent from mobile 📱
time kills deals

---------- Forwarded message ---------
From: Henry McClure <mcre13@gmail.com>
Date: Mon, Feb 28, 2022, 9:28 AM
Subject: Bring Back the Boulevard TIF
To: Matt Pivarnik <matt.pivarnik@topekapartnership.com>


Retail development needs to become part of economic development 


JEDO needs to modify your contact. 

H

Henry McClure  785 383 9994

---------- Forwarded message ---------
From: Henry McClure <mcre13@gmail.com>
Date: Wed, Feb 23, 2022, 12:30 PM
Subject: Bring Back the Boulevard TIF
To: Michael Padilla <mpadilla@topeka.org>, Bill Cochran <wcochran@topeka.org>, Molly Howey <mhowey@gotopeka.com>, Matt Pivarnik <matt.pivarnik@topekapartnership.com>


Mike and Bill, 

In our last meeting, we determined the best group to emulate the "Core TIF" was the Chamber or Go Topeka. 

They were the Best Cheerleaders for the Wheatfield group; if they make the same effort, I agree they are head and shoulders the best choice. 

Have we gotten any feedback? 

H 





--
Henry McClure 
Time kills deals
785-383-9994
on No comments:
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