HomeMy WebLinkAboutJULY 15,1975
I ""
CALL
MINUTE
APPROVAL
TRILCO, INC.
EXPANSION
PROPOSED
AGREEMENT
APPROVED IN
PRINCIPLE
ADJOURNMENT
I
M I NUT E S
ARCADIA COMMUNITY REDEVELOPMENT AGENCY
REGULAR MEETING
JULY 15, 1975
The Arcadia Redevelopment Agency met in regular session on July 15,
1975 at 7:30 p.m. in the Arcadia City Hall Council Chamber.
PRESENT:
ABSENT:
Members Helms, Saelid, Scott, Gilb
Member Lauber
On MOTION by Member Scott, seconded by Member Saelid and carried unani-
mously Member Lauber was excused.
On MOTION by Member Saelid, seconded by Member Helms and carried
the Minutes of the regular meeting of June 3, 1975 were APPROVED.
The E~ecutive Director of the Agency .explained in part contents of a
proposed Participation Agreement to be entered into between the
Redevelopment Agency and Trilco, Inc., for the purpose of assisting
that company in its efforts to expand an existing building by up to
16,000 sq. ft., in order to meet the company's growth needs. The
Agreement provides for the acquisition of the former railroad depot site
(north side of the main line AT&SF right-of-way between First and
St. Joseph) where parking is proposed for the new addition. The
estimated tax increment from the project would exceed $5000 per year.
It waS MOVED by Member Helms, seconded by Member Scott and carried on
roll call vote as follows that the Participation Agreement be APPROVED
IN PRINCIPLE; that staff work with Trilco to ascertain whether or not
the Agreement is acceptable and that a public hearing be scheduled for
AUGUST 5.
AYES:
NOES:
ABSENT:
Members Helms, Scott, Gilb
Member Saelid as he disagreed in concept.
Member Lauber
The Agency meeting adjourned at 8:45 p.m.
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ARA
ATTEST:
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Secretary