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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