HomeMy WebLinkAboutDECEMBER 21,1979 (2)
ROLL CALL
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PUBLIC HEARING
REPUBL IC DEV.
CONTINUED. _/
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EXECUTIVE
SESS ION
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MINUTES
CITY COUNCIL AND THE ARCADIA REDEVELOPMENT AGENCY
ADJOURNED REGULAR MEETING
DECEMBER 21, 1979
The City Council and the Arcadia Redevelopment Agency met in an
adjourned regular session at 3:30 p.m., December 21, 1979 in the
Conference Room.
PRESENT:
ABSENT :
Members Gilb, Parry, Pellegrino, Saelid, Margett
None
Disposition and Development Agreement between the Arcadia Redevelop-
ment Agency and the Republic Development Company for the proposed
sale and development of real property in the Project Area east of
Second Avenue. An appraisal had been obtained for the City and
Agency owned parcels. Agency received the report from staff concern-
ing the purchase price, any loss from the properties being removed
from the tax rolls and other related data.
At 3:35 p.m. the Members entered an executive session and reconvened
at 4:l0 p.m.
Following is the property description and recommended sale price
of the individual parcels.
Parcel #1 (Agency Owned): Lot 1 of $ 54,000.00
Parcel Map 10724 recorded in Book Ill,
pages 13 and 14 of Parcel Maps in the
office of the Recorder of Los Angeles
County.
parcel #2 (Agency owned): The southerly $229,8l5.00
156 feet of the northerly l76 feet of Lot
9, Tract No. 5205, as per map recorded in
Book 54, page 61 of Maps in the Office of
the Recorder of Los Angeles County; except
the southerly 56 feet of the northerly 76
feet of the easterly 99 feet of said Lot 9.
parcel #3 (City owned): That portion of $ 74,l85.00
Lot 9 of Tract No. 5205, in the City of
Arcadia, County of Los Angeles, State of
California, as shown on Map recorded in
Book 54, page 61 of Maps, in the Office
of the County Recorder of said County des-
cribed as follows:
Beginning at a point in the easterly'line
of said Lot, distant thereon South 00 02'
00" West 40 feet from the northeast cor-
ner of said Lot; thence southerly along
the easterly line of said lot a distance
of 36.00 feet; thence westerly parallel
with the northerly line of said Lot, a
distance of 97.00 feet, more or less, to
che easterly line of westerly 98.35 feet
measured along the northerly line, of said
Lot; thence northerly along said last men-
tioned easterly line 56.00 feet, to the
southerly line of Huntington Dr. lOO feet
wide, thence easterly along the south line
of said Huntington Dr. 77.00 feet; thence
south 450 00" east 28.28 feet to the point
of beginning.
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12-21-79
PROPOSAL
TO NEGOTIATE
(Jan. 2, 1980)
ADJOURNMENT
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Parcel #4 (City owned): Lot 10 and
the northerly 45 feet of Lot 11, Tract
No. 8504, as per Map recorded in Book
107, page 56 of Maps in the Office of
the Recorder of Los Angeles County.
$ 30,200.00
Parcel #5 (City owned): The southerly
45 feet of the northerly 345 feet of
Lot 9, Tract No. 5205, as per Map re-
corded in Book 54, page 61 of Maps in
the Office of the Recorder of Los
Angeles County.
$ 27,200.00
TOTAL
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$4l5,400.00
It was MOVED by Member Gilb, seconded by Member Saelid and carried I
on roll call vote as follows that the subject properties be sold to
Republic Development Company for a total of $4l5,400. It was noted
that the formula used for arriving at these selling prices will not
be applicable for every piece of property sold in the future.
AYES
NOES
ABSENT:
Members Gilb, Parry, Pellegrino, Saelid, Margett
None
None
Republic Development Company will furnish a map indicating properties
in which they are not interested.
The Agreement to Negotiate a Disposition and Development for properties
in the Project Area east of First Avenue and not, currently covered by
an approved Disposition and Development Agreement was continued to
6 p.m. January 2, 1980 0 n MOTION by M em b e r Gilb, seconded by
Me m b e r Parry and carried on roll call vote as follows:
AYES
NOES
ABSENT:
Members Gilb, Parry, Pellegrino, Saelid, Margett
None
None
Discussion held on the need for efficient recording of the proceedings
held in the Conference Room. Staff will check into this.
Mayor Margett advised that the Board and Commission members will be
invited to a brunch January 20 at 9 a,.m. at the Park Ritz Restaurant.
At 4:35 p.m. the meeting adjourned to 6 p.m. January 2, 1980 in the
Conference Room.
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ATTEST:
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City Clerk
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