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."
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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:
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CSe<:retary
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