Molina’s Could Build On City-owned Property
Although talks are in the preliminary stages, the City of West U. may eventually be in the business of leasing land with a two-story restaurant and parking garage on it, across from the city’s RecyclExpress at Westpark.
The city has leased the land, a little more than an acre on Westpark between Wakeforest and Dincans streets, to Goode Company since September of 2006. The current contract calls for a seven-year lease at $4,328.47 per month. Goode Company uses the land as parking for their seafood restaurant.
According to West U. Mayor Bob Kelly, Molina’s Mexican food restaurant has expressed interest in the property, and proposes a two-story restaurant with a parking structure large enough to serve both Molina’s and Goode Company Seafood.
Although City Manager Michael Ross has not confirmed that Molina’s is interested in the property, he did say that the city is currently in the process of working out new lease agreement for the property.
“We currently have a lease agreement with Goode Company, there is another party interested in exploring with a lease agreement with the city,” said Ross. “That’s what we are exploring. Our broker will be having discussions with the other party’s broker to look at various lease arrangements and bring those back for council consideration.”
Goode Company and Molina’s would have to come to an agreement before the city can make any official decisions – otherwise, the city would be breaking the current lease. Kelly has said that Goode Company representatives are interested in the proposal. If structures are built on the land, they would belong to the city when and if the lease agreement was completed.