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HomeMy WebLinkAboutFEBRUARY 19,1980 1 ROLL CALL REPUBLIC DEVELOPMENT COMPANY (Projects) 1 24:9953 MINUTES CITY COUNCIL OF THE CITY OF ARCADIA and ARCADIA REDEVELOPMENT AGENCY ADJOURNED REGULAR MEETING FEBRUARY 19, 1980 The City Council of the City of Arcadia, California and the Arcadia Redev10pment Agency met in an adjourned session on Tuesday, February 19, 1980 at 5:00 p.m. in the Conference Room of the Arcadia City Hall. PRESENT: ABSENT Members Gi1b, Parry, Pellegrino, Saelid, Margett None Report on the consistency between the General Plan, zoning and the redevelopment project area. W. Thomas Gaston, Vice President of the Republic Development Company introduced Mike Lloyd, architect and consultant, Roger De Witt, land acquisition division. Mike Lloyd explained the status of Granada Royale Homete1s which is interested in establishing a hotel in the City at the northeast corner of Huntington Drive and Second Avenue. What is being con- sidered at this time is an eight story building with 260-300 rooms, along with 5000 to 8000 square feet of conference area. The plan is to venture with the Derby Restaurant, that existing building to be remodeled and modernized. Mr Lloyd continued in part that Home- te1s is a rapidly growing corporation with nine operating hotels with four under construction - they are home based in Phoenix, Arizona. It is strong financially being able to obtain financing when others cannot. Also noted was the hotel currently under con- struction in Covina - pictures of this project were circulated. The officials of the corporation have visited the Arcadia site and are interested. Architectural plans would be prepared by the hotel chain. Mr.L10yd stressed the importance of prompt action so they may proceed with final negotiations with Homete1s as they are anxious to start preparation of plans. In response to questions Mr. Lloyd said in part that Homete1s is 100 percent owned by an individual. Estimated tax increments were explained by Mr. Gaston who said the facility will help economy through employment opportunities. Amenities were also explained. The concept is to make it a family oriented hotel. Member Saelid recited his favorable impressions when he visited a Homete1 in Arizona. Member Gi1b submitted that he had received very good reports from the officials of Covina - they were most pleased with the organ- ization which would be operating the hotel there. During this consideration discussion was held on the need for a market research study and Republic asked the Agency to pay for such a study which would cost approximately $10,000. Recommendation for the Company to prepare the study was made. It was estimated this would take about six weeks. It was MOVED by Member Gi1b, seconded by Member Pellegrino and carried on roll call vote as follows that the Agency pay for the market research study at a cost not to exceed $10,000 to be prepared by Harris, Kerr & Forster. Any cost over $10,000 to be borne by the developer. AYES NOES ABSENT: Members Gilb, Parry, Pellegrino, Sae1id, Margett None None -1- 2-19-80 24: 9954 Discussion then centered on the,developmertt of the south side of Huntington from the railroad to Fifth Avenue. Mr. Gaston said in part that they would like to construct a 200,000 square foot office building on both the north and south sides of Huntington Drive. Reference was made to the so-called Coke parcel and it was noted that it was understood that Mr. Coke could participate in whatever is done on the south side if he so desired. It was the consensus of the Agency that the entire area would be better served if it were one large single development on the south side of Huntington as long as it did not preclude Mr. Coke from developing his parcel pursUant to an agreement made in November, 1979. Mr. Caston submitted in part that communications are now going forward to the property owners with preliminary proposals and that a professional acquisition man has been assigned to work with the owners. Updating of some of the appraisals is also taking place. I Republic also asked that rezoning and modification of the General Plan move forward in order to prevent delay later on. It was MOVED by Member Saelid, seconded by Member Gilb and carried on roll call vote as follows that the Agency direct staff to prepare General Plan and Redevelopment Plan revisions for public hearings before the Planning Commission; that normal procedures be followed in bringing the recommen- dations to the City Council and that an Environmental Impact Report be prepared, AYES NOES ABSENT: Members Gi1b, Parry, Pellegrino, Sae1id, Margett None None The Agency expressed a preference for one large scale development rather than several small developments and suggested Mr. Gaston approach Mr. Coke along this line. It was MOVED by Member Parry, seconded by Member Gi1b and carried on roll call vote as follows that the Agency express its intent with relation to the south side of Huntington Drive between the railroad to Fifth Avenue - that it be developed as one full size development as opposed to a medium or small scale development; that any potential users on the south side of Huntington Drive be advised of this intent and that Republic Company express to all the potential users of this intent and endeavor to work out some preliminary agreements as prompt- ly as possible. AYES NOES ABSENT: Members Gi1b, Parry, Pellegrino, Saelid, Margett None None Member Saelid then MOVED that staff prepare one Disposition and Develop- ment Agreement covering properties on the south side of Huntington Drive as well as the proposed hotel site with Republic Development Company and this be in keeping with action taken by the Agency on November 18, 1979. Motion seconded by Member Gilb and carried on roll call vote as follows: AYES NOES ABSENT: Members Gi1b, Parry, Pellegrino, Sae1id, Margett None None 1 With regard to item liD" in Republic's cormnunication of February 4t it was MOVED by Member Saelid, seconded by Member Pellegrino and carried on roll call vote as follows that each of the projects submitted by Republic be evaluated on its own merit. AYES NOES ABSENT: Members Gi1b, Parry, Pellegrino, Sae1id, Margett None None -2- 2-19-80 ADJOURNMENT 1 1 24: 9955 Joyce Meadows was present and expressed concern about the use of her recently acquired property on La Porte Street. She was advised to discuss this with the Planning Department. In response to a question by Member Sae1id as to whether or not it is necessary to carry the matter concerning the Coke parcel to a public hearing the City Attorney said it is not. At 6:50 p.m. the meeting adjourned to the meeting to convene at 7:30 this da,e in the Council Chamber. ~A hu-p ATTEST: @~y~~ City Clerk -3- 2-19-80