Recently, some residents have speculated that the City has not supported or has somehow delayed or prevented the redevelopment of the Coramart building. This could not be further from the truth. The City takes pride in its award-winning main street and works daily to make residents proud of Orange Avenue and other streets in the business district. The City fully supports its businesses, treats all Coronado property owners with respect, and wishes each business well. The City is unaware of any proposal that has been made regarding tenants or improvements to the building that has not been well received by the City. To the City's knowledge, no lease has been executed between the owner and any potential tenant for the space. The Coramart building, at 844 Orange Avenue, was formerly a general goods retail store. The building has been privately owned by the same person/family for many years. The property has not been occupied since the retail store closed. The building is an unreinforced masonry building and does not meet current earthquake standards and may need to be brought up to current earthquake and building/fire code standards before it can be reopened, which presumably will incur a significant cost. Additionally, any eating or drinking establishment would require new parking per zoning codes. As a private building, the City would not participate in negotiations between the property owner and the tenant. The City is aware of the rumors that an agreement has been made to lease the building to either Vons or Rite Aid. As far as the City knows, they are simply rumors. Over the past several years, the City has notified the property owner when the building was not maintained in accordance with the minimum standards of the Municipal Code. When notified, the property owner has taken corrective actions.