Loading...
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. .~!7'~ ARA ATTEST: ~~Ja~~ Secretary