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1k. Relocation Payment, Chan Dinner Theatres CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 1591 Park Road Phone: 952.227.1300 Fax: 952.227.1310 Senior Center Phone: 952.227.1125 Fax: 952.227.1110 Web Site www.ci.chanhassen.mn.us -1~ --- MEMORANDUM TO: Todd Gerhardt, City Manager Laurie Hokkanen, Assistant City Manager~ FROM: DATE: April 5, 2010 SUBJ: Relocation Payment, Payment Request, Chanhassen Dinner Theatres PROPOSED MOTION The City Council approves a relocation payment to the Chanhassen Dinner Theatres in the amount of $16,550. Approval requires a simple majority vote of the City Council. BACKGROUND As a part of Chanhassen Station, the city acquired the Chanhassen Dinner Theatre Scene Shop and land. Under s,~te law (Uniform Relocation Regulations), the city is obligated to make certain payments, including payments for fixtures that cannot be moved. There are two items for which the Dinner Theatres is entitled to compensation. The first is a hardwood floor that is used for scene construction, the second is a mezzanine. The floor was appraised at $21,000, with a 50% depreciation, and the mezzanine was appraised at $6,050. The city has already expended $50,000 to the Chanhassen Dinner Theatres for rent differential. Including the fixture expenses, the city estimates that relocation expenses for the Scene Shop will total approximately $102,000. The significant remaining expense is for moving costs. Any remaining payments will be submitted for separate consideration. RECCOMENDA TION Staff recommends the City Council approve the request for payment. G:\Admin\LH\TIF\TIF #10 Chan Station\CDT request for payment #2.doc Chanhassen is a Community for life - Providing for Today and Planning for Tomorrow