HomeMy WebLinkAboutJANUARY 7,1975
ROLL CALL
I PARTICIPATION
AGREEMENT
APPROVED
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I
M I NUT E S
ARCADIA COMMUNITY REDEVELOPMENT AGENCY
REGULAR MEETING
JANUARY 7, 1975
The Arcadia Redevelopment Agency met in regular session on January 7,
1975 it 7~30 p.m. in 'th~ Arcadia :Cit~ Hall Council Chamber.
PRESENT:
ABSENT:
Members Gilb, Helms, Lauber, Saelid, Scott
None
It was explained that property at 153 and 157 East Huntington Drive
,is in escrow for purchase by Frank Winniman who proposes to construct
a commercial building and seeks the following assistance fro<1l the
Redevelopment Agency:
1) The Agency provide for the demolition of the abandoned'
service station.
2) The City or Agency, if required, reconstruct and/or relocate
the westerly storm drain catch basin or provide by any other
means for a satisfactory system of storm drainage across the
property.
3) The City or Agency construct or cause to be constructed, any
off-site public improvements required as a result of the new
construction (sidewalk and street trees).
In return the developer would construct an 8,050 sq. ft. commercial
building, dedicate the southerly nine teet of specific lots for street
purposes (property needed to widen Huntington Drive to a uniform width
on the northerly side of the street between First and Second Avenues),
and grant an easement for ingress and egress to the parking district
lots immediately to the north of the subject property:
Estimated cost to the Agency for its participatory obligation would be
$9900. The estimated tax increment return to the Agency from the new
development would be $2400 to $2900 annually. Thus it was estimated
in the report dated January 3, 1975 that the project should amortize
itself within two to four years. Benefits to the community, as sub-
mitted by staff, would be as follows:
1) A blighted building would be removed and an unsightly corner
would be upgraded.
2) A new building would be constructed 'in a block where there has
been no or negligible activity for many years. The area would
be upgraded and could stimulate other development interest.
3) The project would add to the tax base and produce tax incre-
ment to offset redevelopment cost.
Contents of the Participation Agreement were explored and the Ecpnomic
Coordinator explained that the City would not demolish the building in
question or relocate the storm drain until and unless the developer
actually starts construction.
,Member Saelid stated in part that he did not feel the Agency should
pay for the demolishing of the building and would like to see that
portion of the agreement deleted (Section 215). . He also commented
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AUTHORIZED
SIGNATURES
(CRA)
ADJOURNMENT
that the Towne Centre Building was constructed without the assistance
as that proposed for this project.
Member Lauber MOVED to approve the Participation Agreement in concept
for submission to the developer - with the understanding that the
Agency's cost participation would be approximately $9900. Motion
seconded by Member Helms.
Member Saelid then MOVED to amend the motion - that Section 215 of
the proposed Participation Agreement be DELETED. Member Gilb seconded
the motion which did not carryon the foilowing roll call vote:
AYES:
NOES:
ABSENT:
Members Gilb, Saelid
Members He lms, Lauber,. Scott
None
I
Roll call vote was then taken on the primary motion.
AYES:
NOES:
Members Gilb, Helms, Lauber, Scott
Member Saelid, as he felt it unfair to the existing businessmen
who had constructed commercial buildings without such assistance.
None
ABSENT:
On MOTION by Member Gilb, seconded by Member Helms and carried on roll
call vote as follows the City Attorney was instructed to prepare a
resolution for the next regul~r meeting authorizing the Agency's
Chairman or Vice-Chairman, its Director or the Finance Director, to
sign all checks in connection with CRA. Two signatures are required.
It was noted that the independent auditors for the City have recommended
that a separate bank account be maintained for CRA.
AYES:
NOES:
ABSENT:
Members Gilb, Helms, Lauber, Saelid, Scott
None
None
On MOTION by Member Helms, seconded by Member Gilb and carried unani-
mously the meeting was ADJOURNED.
~~~~
Chairman
~y~ S;C0?I~
Temporary' Secretary
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