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HomeMy WebLinkAboutDECEMBER 2,1975 ROLL CALL I MINUTE APPROVAL HEARING I RESOLUTION ARA 20 ADOPTED M I NUT E S ARCADIA COMMUNITY REDEVELOPMENT AGENCY REGULAR MEETING DECEMBER 2, 1975 The Arcadia Redevelopment Agency met in regular session on December 2, 1975 at 9 p.m. in the Arcadia City Hall Council Chamber. PRESENT: ABSENT: Members Lauber, Saelid, Helms, Gilb Member Scott On MOTION by Member Lauber, seconded by Member Helms and carried the minutes of the regular meeting of November 4, 1975 were APPROVED. Proposed sale of City-owned property and a proposed Participation Agreement for the property at the southwest corner of Wheeler and First Avenues between the Arcadia Medical Center (Dr. James Chinn) and the Agency. It wa'il explained that this document follows an earlier Agreement to Negotiate wherein the Agency agreed with D,. Chinn and his associates to negotiate terms and conditions for the sale and development. The sale is recommended to be on an installment basis with terms as follows: Price of the property to be $150,000 with,a down payment of $30,000, the balance secured by a note and deed of trust payable in equal monthly installments over a period of seven years and at an interest rate equal to the prime rate of interest as of the date that title to the site is conveyed. The Agreement also provides for the subordination of the deed of trust in order for the Participants to obtain interim and long term financing for the development and con- struction of the site. Staff noted changes brought about by the discovery of the existence of former basements on the subject site. Member Helms questioned the advisability of a provision in the Sub- ordination Agreement permitting the use of loan funds for purposes other than those set forth in the Agreement. An amendment was made to require prior approval of the Agency to any expenditures of loan funds other than to the actual development of the property. At the request of Member Saelid the Economic Coordinator gave a his- torical summary of events concerning existing and proposed public parking facilities within the Towne Centre area. Chairman Gilb declared the hearing open and Mrs. Johanna Hofer, 875 Monte Verde Drive, read a prepared statement concerning redevelopment which she felt is likely to become as controversial an issue as off-shore drilling or nuclear power plants. She said this proposed sale of property, as well as all others, should be rejected until the people of the community have had an opportunity to vote on redevelopment. She submitted a booklet containing testimony given at a recent hearing on redevelopment. She asked the Agency not to dispose of this property which might very well be needed in the future for a public facility. No one else desiring to be heard the hearing was CLOSED on MOTION by Member Saelid, seconded by Member Lauber and carried unanimously. The City Attorney then presented, explained the content and read the title of Resolution No. 20 entitled: "RESOLUTION FINDING AND DETERMINING THAT A SUBSEQUENT ENVIRONMENTAL IMPACT REPORT NEED NOT BE PREPARED FOR THE PROPOSED SALE AND DEVELOPMENT OF CERTAIN REAL PROPERTY IN THE CENTRAL REDEVELOPMENT PROJECT." 12-2-75 - 1 - RESOLUTION ARA 21 ADOPTED AUTHORITY TO REQUEST FOR OPTION EXTENSION (Chinn property) EXECUTION OF PARTICIPATION AGREEMENT AND USE OF CITY SERVICES (159 E. Htg. Dr.) AUTHORIZATION TO REQUEST ADVANCE FROM COUNCIL Street Improve- ment (Indiana & Huntington Dr.) ADJOURNMENT It was MOVED by Member Helms, seconded by Member Lauber and carried on roll call vote as follows that Resolution No. ARA 20 be at it is hereby ADOPTED. AYES: Members Lauber, Helms, Gilb NOES: None ABSTAIN:Member Saelid (as he did not receive a copy of the Environmental Impact Report) ABSENT: Member Scott The City Attorney presented, explained the content and read the title of Resolution No. 21, entitled: "RESOLUTION APPROVING CERTAIN CHANGES TO A PROPOSED PARTICIPATION AGREEMENT; APPROVING THE PROPOSED SALE OF REAL PROPERTY IN THE CENTRAL REDEVELOPMENT PROJECT; APPROVING THE PROPOSED PARTICIPATION AGREEMENT PERTAINING THERETO; AND AUTHORIZING THE EXECUTION AND IMPLEMENTATION OF SAID AGREEMENT." I It was MOVED by Member Helms, seconded by Member Saelid and carried on roll call vote as follows that the full reading of Resolution No. 21 be waived and that same be ADOPTED with changes as indicated. AYES: NOES: ABSENT: Members Lauber, Saelid, Helms, Gilb None Members Scott It was MOVED by Member Helms, seconded by Member Lauber and carried unanimously that the Agency request the Arcadia City Council for an extension of the option to purchase the City-owned property at First and Wheeler Avenues until January 31, 1976. It was noted that the additional time is needed to complete the sale to Dr, Chinn and Associates. On MOTION by Member Lauber, seconded by Member Helms and carried unani- mously the Agency Chairman and/or Executive Director were authorized to execute any and all documents necessary to implement the Participation Agreement for the development of a site commonly described as 159 E. Huntington Drive, and that a request be made of Council for-ule use of City services to administer the Agency responsibilities under the Participation Agreement for the development of the subject property. Such services to be provided pursuant to the Agreement between the City and the Agency Establishing Certain City-Agency Relationships adopted October 19, 1972, It was MOVED by Member Lauber, seconded by Member Helms and carried on roll call vote as follows that the Agency request from Council an advance of $11,944 for demolition, soil analysis, advertising and contract construction costs in connection with the improvement of Indiana Street and Huntington Drive. I AYES: NOES: Members Lauber, Helms, Gilb Member Saelid (He felt this property could have been developed without going through the Redevelopment Agency procedure.) ABSENT: Member Scott At 9:30 p.m. the Agency adjourned. Chairman, ARA ATTEST: tJI" ':7; ( aU~L.U t/cU{ )?~<-/0J CSe<:retary 12-2-75 - 2 -