The URL can be used to link to this page

Home My WebLink AboutDECEMBER 18,1979 -- -'~ \'-., ROLL CALL COMMUNICATION HEARING (American Savings & Loan)-- EXECUTIVE SESSION OLUTlON NO. ADOPTED 24 :9917 MINUTES CITY COUNCIL AND THE ARCADIA REDEVELOPMENT AGENCY ADJOURNED REGULAR MEETING DECEMBER 18, 1979 The Arcadia City Council and the Arcadia Redevelopment Agency met in an adjourned regular session on December 18, 1979 at 5 p.m. in the Arcadia City Hall Conference Room. PRESENT: ABSENT : Members Gilb, Parry, Pellegrino, Saelid, Margett None The proposal submitted from Henry Caw, President of the Juniper Properties (Development and Investment) concerning property located at the northwest corner of Huntington Drive and First Avenue was acknowledged. (Mr. Gaw explained his position later in this meeting. See below.) Continued - Disposition and Development Agreement between the Arcadia Redevelopment Agency and American Savings and Loan Association for property located at the northwest corner of First Avenue and Hunting- ton Drive. Staff responded to questions propounded by the Agency concerning the agreement which incorporates the final thinking of staff and the Association particularly as it relates to the current status of the property. Some of the concerns of the Agency Members answered in an executive session. At 5:30 p.m. the Agency entered an executive session and reconvened at 6:15 p.m. Henry Caw, 1162 Altura Terrace, referred to his communication to the Agency concerning the property under discussion at this time. He would like to construct an eight story office building with 2/3 stories subterranean parking. The Agency Members said in part that it is un- fortunate that this proposal had not been submitted at an earlier date as an agreement with American Savings & Loan Association is pending. It was suggested that Mr. Caw investigate other City and Agency owned properties, contact Republic Development Company and perhaps contact American Savings & Loan to determine whether or not it would be inter- ested and if so then American could come back to the Agency with a revised plan. In response to an inquiry Mr. Caw indicated his other developments underway in Arcadia. Staff will arrange to introduce Mr, Caw to the Association officials. Bill Connolly, 21 S, First Avenue, commented that the subject property has been for sale for some time and wondered if Mr. Caw was aware of this. On MOTION by Member Gilb, seconded by Member Pellegrino and carried the hearing was CLOSED. The City Attorney presented, explained the content and read the title of Resolution No. 4849, entitled: '~RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA MAKING ENVIRONMENTAL FINDINGS NECESSARY FOR OPOSED DISPOSITION AND DEVELOPMENT AGREEMENT BY THE ARCADIA RE- DEVELOP GENCY WITH AMERICAN SAVINGS AND LOAN ASSOCIATION FOR THE SALE AND DE VEL OF 55-65 EAST JruNTINGTON DRIVE IN THE CENTRAL REDEVELOPMENT PROJEC . It was MOVED by Councilman Gilb, s carried on roll call vote as follows full text be waived and ADOPTED. ed by that Councilman ,Pellegrino and further reading of the ~ -1- 12-18-79 " RESOLUTION NO. 4850 ADOPTED RESOLUTION ARA 52 ADOPTED RESOLUTION ARA 53 ADOPTED HEARING (Republic Development Company) AYES NOES ABSENT: 24: 9918 Councilmen Gilb, Parry, Pellegrino, Saelid, Margett None None The City Attorney presented, explained the content and read the title Resolution No. 4850 entitled: "A RESOLUTION OF THE CITY COUNCIL CITY OF ARCADIA MAKING CERTAIN FINDINGS WITH RESPECT TO THE ION TO BE RECEIVED BY THE ARCADIA REDEVELOPMENT AGENCY PUR- IN DISPOSITION AND DEVELOPMENT AGREEMENT BY THE ARCADIA NCY WITH AMERICAN SAVINGS AND LOAN ASSOCIATION FOR NT OF 55-65 EAST HUNTINGTON DRIVE IN THE CENTRAL APPROVING THE PROPOSED SALE OF SAID REAL PRO- ISPOSITION AND DEVELOPMENT AGREEMENT PERTAIN- OF CONSID SUANT TO REDEVELOPMENT THE SALE AND DE REDEVELOPMENT PROJE PERTY: AND APPROVING ING THERETO," It was MOVED by Councilman Gilb, s carried on roll call vote as follows full text be waived and ADOPTED. by Councilman Pellegrino and the further reading of the AYES NOES ABSENT: Councilmen Gilb, Parry, None None The Agency Counsel presented, explained the content and read the title of ARA Resolution No. 52 entitled: '~RESOLUTION OF THE ARCADIA REDEVELOPMENT AGENCY MAKING ENVIRONMENT FINDINGS NECESSARY FOR THE PROPOSED DISPOSITION AND DEVELOPMENT AGREEMENT BY THE ARCADIA REDEVELOPMENT AGENCY WITH AMERICAN SAVINGS AND LOAN ASSOCIATION FOR THE SALE AND DEVELOPMENT OF 55-65 EAST HUNTINGTON DRIVE IN THE CENTRAL REDEVELOPMENT PROJECT." It was MOVED by Member Gilb, seconded by Member Pellegrino and carried on roll call vote as follows that the further reading of the full text be waived and ADOPTED, AYES NOES ABSENT: Members Gilb, Parry, Pellegrino, Saelid, Margett None None The Agency Counsel presented, explained the content and read the title of ARA Resolution No. 53 entitled: "A RESOLUTION OF THE ARCADIA REDEVELOPMENT AGENCY MAKING CERTAIN FINDINGS WITH RESPECT TO THE CON- SIDERATION TO BE RECEIVED BY THE ARCADIA REDEVELOPMENT AGENCY PURSUANT TO A CERTAIN DISPOSITION AND DEVELOPMENT AGREEMENT BY THE ARCADIA RE- DEVELOPMENT AGENCY WITH AMERICAN SAVINGS AND LOAN ASSOCIATION FOR THE SALE AND DEVELOPMENT OF 55-65 EAST HUNTINGTON DRIVE IN THE CENTRAL RE- DEVELOPMENT PROJECT; APPROVING THE PROPOSED SALE OF SAID REAL PROPERTY AND THE DISPOSITION AND DEVELOPMENT AGREEMENT PERTAINING THERETOj AND AUTHORIZING THE EXECUTION AND IMPLEMENTATION OF SAID DISPOSITION AND DEVELOPMENT AGREEMENT." It was MOVED by Member Gilb, seconded by Member Pellegrino and carried on roll call vote as follows that the further reading of the full text be wa i ved and ADOPTED. AYES NOES ABSENT: Members Gilb, Parry, Pellegrino, Saelid, Margett None None CONTINUED - Disposition and Development Agreements between the Arcadia Redevelopment Agency and Republic Development Company for the proposed sale and development of real property in the project area east of Second Avenue together with the consideration of a proposed Disposition and Development Agreement with Al Coke and Associates. In discussing the information presented in staff report concerning area, original purchase price and current estimated valuations of City and Agency owned properties it was the consensus that a selling price should be determin- ed. An appraisal had been obtained on the subject properties. -2- 12-18-79 . . . ilEAR ING can't. AGREEMENT TO NEGOTIATE (Republic De ve 1 opmen t) II FAIRVIEW MINI PARK (Jan. 2) HEARINGS SCHEDULED ADJOURNMENT 24:9919 Tom Gaston, Republic Development Company, explained his investment thus far in the project and what they can expect in the future - and asked the Agency to keep that in mind when determining the purchase price for the properties. He noted in part the interest which has been evinced by potential participants which would bring substantial tax benefits to the City. Additional information was desired by the Council and Agency, and it was MOVED by Member Saelid, seconded by Member Pellegrino and carried on roll call vote as follows that the matter be CONTINUED TO DECEMBER 21 at 3:30 p.m. in the Conference Room; that during the interim staff prepare a report on the date the individual parcels were purchased; any loss from properties and all other data which will be necessary to arrive at a selling price. AYES NOES ABSENT: Members Gilb, Parry, Pellegrino, Saelid, Margett None None Request of Republic Development Company for an Agreement to negotiate a Disposition and Development for the properties in the Redevelopment Project Area east of First Avenue and not currently covered by an approved Disposition and Development Agreement. This will be consider- ed at the adjourned regular meeting (3:30 p.m. December 21, 1979.) Staff presented a budget format for 1980-81 and it was MOVED by Councilman Gilb, seconded by Councilman Pellegrino and carried on roll call vote as follows that staff prepare a base-level-only budget except for new or expanded programs which must be submitted separately. AYES NOES ABSENT: Councilmen Gilb, Parry, Pellegrino, Saelid, Margett None None At Councilman Pellegrino's suggestion the naming of the Fairview Mini rk will be On the agenda for the January 2, 1980 meeting. Mik Whipple, Miller & Schroder, financing consultants referred to his r ort on the current market value of each of the five City and Agency ed parcels in the Redevelopment Project Area. He then submitte information and financing alternatives available to Cities and Redeve pment Agencies. It was the consensus that this is a matter whicH should be discussed in a study session after the first of the year. Appeal hedge) Zone change for e Naomi Avenue - Jan side of Lovell Avenue between Duarte Road and 1980. correct a substandard condition (height of ive - February 5, 1980. At 7:30 p.m. the meeting -3- 12-18-79