El Toro Brewing Co. owners Geno and Cindy Acevedo will ask the
City Council Wednesday for another extension to their agreement to
buy the city-owned former police station and turn it into a
restaurant/brew pub. City staff is recommending the extension.
El Toro Brewing Co. owners Geno and Cindy Acevedo will ask the City Council Wednesday for another extension to their agreement to buy the city-owned former police station and turn it into a restaurant/brew pub. City staff is recommending the extension.
The council chose the couple, who own and operate the award-winning and successful El Toro Brewery on Hill Road, to enter into an “exclusive right to negotiate” with the city over a separate offer from Rick Page and partners to do a somewhat similar restaurant. The building is on the northwest corner of Monterey Road and West Main Avenue.
The negotiations, or ERN, are studded with milestones, some of which the Acevedos have been unable to meet, though most were accomplished by the extension dates. The proposed schedule would have construction drawings finished by April 1, building permits submitted for by April 15, construction loan approval by June 10 and building permits pulled by June 24.
Each delay requires an extra non-refundable deposit; failure to pull permits by Sept. 30 would result in another $20,000 deposit in return for “one last 30-day extension to Oct. 30, 2005,” the staff report said.
The city has the right to end the agreement and look elsewhere for a buyer for the building if the Acevedos fail to meet any deadlines adjusted for the extensions.
Valley Transportation Authority staff will present a report on the draft long-range county wide transportation plan updated through 2020 that will direct VTA’s decisions on land use and other livability issues. The VTA board of directors is scheduled to adopt the plan at its Feb. 4 meeting.
The City of Morgan Hill will work with VTA on several projects in transit, freeways, local streets and county roads, Intelligent Transportation Systems, bicycle, sound mitigation, landscape and graffiti removal, pavement management and livable communities.
Further Caltrain expansion into the South Valley area is also in the plan.
City Council and the Redevelopment Agency meet at 7 p.m. Wednesday in City Hall Chambers, 17555 Peak Ave.
Details: www.morganhill.ca.gov or 779-7271. Council meetings are broadcast live on cable access channel 17.
