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REQUEST FOR COUNCIL ACTION' DATE: 7-13-92 <br />TM NO.: e__!5 <br />Department proval IS Manager Reviewed.e Agenda Sect inon V <br />A <br />Hearings <br />Item Description; Authorization to enter into a development <br />agreement with Touchstone Development Company. <br />Cos <br />if the Council will recall, the preliminary PUD for Tiffy <br />Lube ianid the removal of the Total Gas Station at the Har Mar <br />site, wasi. approved by the City Council. A number of <br />11 <br />conditions were 'included that reIquired the new Jiffy Lube to <br />be constructed of all brick. <br />2a Subsequently, based on the additional costs that hav <br />surfa,icied regarding this project, it became extremel <br />0 <br />difficult for' the I i to III love forward based on the lac <br />of a reasonable return on.th,ie investment for the develop*er <br />I <br />The possibility of continueld, use of the Total site for th <br />new-Jiffy Lube resurfaced a"t Har Mar.. I <br />31. Staff' was subsequently contacted, by a number of Counci <br />members and asked to review the potential use of TIF wit <br />41 <br />respect to, making absolutely sure tihat the Total Gas Statio <br />woluld indeed be, removed and -that the additional improvement <br />would occur at the Har Mar sit-Is I <br />41 1 61 AI $I <br />P011U, Ob-iect..ives: <br />10 <br />11 The City hasi workeld with Har Mar for a number of years and <br />