HomeMy WebLinkAboutNOVEMBER 29,1978
I
ROLL CALL
EXECUTIVE
SESSION
I
ADJOURNMENT
23:9678
MINUTES
JOINT MEETING OF THE CITY COUNCIL
AND
ARCADIA REDEVELOPMENT AGENCY
NOVEMBER 29, 1978
The City Council and the Arcadia Redevelopment Agency met
in an adjourned regular session on November 29, 1978 at
5:30 p.m. in the Conference Room.
PRESENT:
ABSENT:
Members Margett, Pellegrino, Saelid, Parry
Member Gilb
On MOTION by Member Margett, seconded by Member Saelid and
carried unanimously Member Gilb was excused.
Extensive discussion held on the various firms which have expressed
and exhibited interest in developing properties within the re-
development area. Terms of any agreement were considered which
would include a provision that the firm meet at least monthly with
the agency so it will keep apprised of progress, the deposit of a
certain amount to bind the agreement if the firm did not keep the
terms of the agreement, etc. Staff leaned toward W & D and/or Republic
Company, both of whom had previously indicated an interest and made
presentations.
It was concluded that the Agency and City Council look at some of
the properties which have been developed by these two firms, also
contact the cities in which these are located to obtain their
observations. Staff will obtain this latter data and endeavor to
secure the credit ratings of each.
Staff advised on the progress of the development at the northeast
corner of First and Wheeler.
Due to recent occurrences involving public officials staff will
install security measures in the Council Chamber.
At 7:30 p.m. City Council and the Agency entered an executive session. .
At 8 p.m. the meeting reconvened and adjourned immediately thereafter
to 7 p.m. December 5 in the Conference Room.
r
Christine Van Maanen
City Clerk
CC/ARA
11-29-78