File #: LBA Res 11, Series 2019    Version: 1 Name:
Type: VAPStat Case Status: Landbank
File created: 2/1/2019 In control: VAPStat Joint Meeting
On agenda: 2/11/2019 Final action:
Title: Location: 1500 West Jefferson Street and West Jefferson Street 40203 Parcel ID: 014F-0136-0000 and 014F-0157-0000 Applicant: Shaik Mohiuddin Disposition Program: Solicitation of Interest - August 2018 Project Type: Coffee Shop Project Timeframe: 18 months Sale Price: $500.00 per parcel Funding Source: Private Funds Case Manager: Linette Huelsman Restrictions: 1. Applicant shall obtain a variance from the Department of Planning and Design Services to construct the building further back from the street corner and any other necessary permits and approvals from Louisville Metro to build out the site. 2. Standard restrictions set within the "Budget Rate" disposition program. Summary: Applicant submitted a request through the August 2018 Solicitation of Interest to purchase this property in order to build a coffee shop with a drive-thru window. Total construction costs are budgeted at $176,000 and timeframe for completion is estimated at 18 months. Applicant will need to obtain a variance ...
Attachments: 1. Resolution No. 11, Series 2019 - 1500 W Jefferson St SOI Budget Rate.pdf
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Title

Location:

1500 West Jefferson Street and West Jefferson Street 40203

Parcel ID:

014F-0136-0000 and 014F-0157-0000

Applicant:

Shaik Mohiuddin

Disposition Program:

Solicitation of Interest - August 2018

Project Type:

Coffee Shop

Project Timeframe:

18 months

Sale Price:

$500.00 per parcel

Funding Source:

Private Funds

Case Manager:

Linette Huelsman

Restrictions:

1. Applicant shall obtain a variance from the Department of Planning and Design Services to construct the building further back from the street corner and any other necessary permits and approvals from Louisville Metro to build out the site. 2. Standard restrictions set within the “Budget Rate” disposition program.

Summary:

Applicant submitted a request through the August 2018 Solicitation of Interest to purchase this property in order to build a coffee shop with a drive-thru window.  Total construction costs are budgeted at $176,000 and timeframe for completion is estimated at 18 months.  Applicant will need to obtain a variance in order to place the building further back on the lot in order to keep the building out of the flood plain.  Staff is recommending approval of the sale on the condition Applicant obtains all necessary approvals and permits to build out the site.