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HomeMy WebLinkAboutOCTOBER 2,1979_2 (2) I ROLL CALL EXECUTIVE SESS ION RECONVENED HEARING AMERICAN SAVINGS & LOAN Continued to OCTOBER 30, 5 p.m. (. (. J'-'; e(7- '4 I , ~'r' I 23:9864 MINUTES JOINT MEETING ARCADIA CITY COUNCIL AND THE ARCADIA REDEVELOPMENT AGENCY ADJOURNED REGULAR MEETING OCTOBER 2, 1979 The City Council and the Arcadia Redevelopment Agency met in adjourned regular session at 5 p.m. October 2, 1979 in the Arcadia City Hall Conference Room. PRESENT: ABSENT: Members Gilb, Parry, Saelid, Pellegrino Member Margett (Arrive at 5:20 p.m ) At 5:15 p.m. the City Council and the Agency entered an executive session. At 5:40 p.m. the meeting reconvened in the Council Chamber. Disposition and Development Agreement between the Agency and the American Savings and Loan Association for property located at the northwest corner of First Avenue and Huntington Drive. Mayor Margett announced that the hearing remains open. Bill Connolly, with a business at 21 S. First Avenue, stated in part that he does not have any financial interest in the subject property, but as Past President of the Downtown Business Association he is having questions propounded to him concerning this matter. He has an interest both as a citizen and owner of property in the area. He explored what has transpired to date between Bob Donaldson and Thrifty Drug Stores including recent litigation. He felt this could tie up the property for perhaps three years. In response to a question he said he would like to see the property developed and no one is against the American Savings and Loan coming in there. He noted that other interests did not have the opportunity to bid on the property. He submitted that he does not feel the citizens in general are being informed to the point where they can have input. He said he is on the Project Area Committee and they do not receive the details.. that generally they receive information after the fact. Councilman Saelid said in part that he has not been overly enthusi- astic about the use of redevelopment and its powers however the Council and the Agency have gone ahead and acquired properties using the laws of the Agency of the State and the very nature of it makes it necessary that a lot of these things be discussed privately.. that the price of property can't be decided in public.. he could understand that Mr. Connolly would feel frustrated in not knowing some of the reasons which is one of the unfortunate aspects of using the redevelopment process. Matt Sato, American Savings and Loan Association, presented concept drawings and site plans for the facility. The architect explained it will be a two story masonry structure with a mission tile roof. Mr. Sato said the facility will be one of the largest offices in the Valley. In response to a question he said they would not have an interest in the property if the Thrifty property were not available. The Economic Coordinator said in part that the drawings which have 10-2-79 - 1 - SALE OF PROPERTY APPROVED , I, V / Vi '\\ V) I- I !)'l'-:.f:i ri') i If,:,; l':- -( - 23:9865 I been presented will be incorporated into the Disposition and Development Agreement as the concept plan. George Fasching, President of the Downtown Business Association with a business at 425 N. Santa Anita Avenue, expressed concern for the development of the entire area not just the corner property and questioned what would happen to the rest of the property in the subject block.. He felt private enterprise is the best way to go except where there is blight; redevelopment is then a necessary tool and noted the new Engineering and Science Building of which the City can well be proud.. he was not too happy with some other developments which in his opinion have been underdeveloped. He was not against the American Savings and Loan building which is beautiful but questioned the necessity of using redevelopment for this corner which is a highly desirable location but felt the whole block should be considered.. that he did not favor spot development such as this and if redevelopment is to be used it should be used for the benefit of all. He also felt the Project Area Committee should have input. I Councilman Saelid commented again in part that for years he had wanted to get things more detailed so that when there is a develop- ment in the redevelopment area it would not be out of concert with the development of the balance of the property, but that in his opinion what is being proposed is not inconsistent with the General Concept Plan. However the responsibility of the Agency is to bring good development and recalled that after the Towne Center and the Great Scott went in the Sawmill came in as a result.. that the subject development could act as a catalyst for the development of the rest of the property and if he did not believe that he would have to vote against it but he felt it would have a positive effect on the area. Mayor Margett commented that the Agency is not involved in' the development other than the aggregation of properties for the corner and noted problems with the undersized lots as the property must meet the requirements mandated by the State or the Planning Commission. The Economic Coordinator stated in part that the Project Area Committee did have the opportunity to review the overall redevelopment plan which was adopted by the Council and the Agency and its role is primarily to advise on relocation matters and the like and is not advisory. Loren Black, owner of a business at 53 E. Huntington Drive, which adjoins the subject property, expressed concern with the parking situation and noted the lack of parking in the immediate area. He felt the proposed building is very beautiful and will certainly benefit his particular business. Council agreed that parking in the area has been a concern for some time and that ultimately if property is going to be fully utilized there some kind of parking structure has to be considered and with costs going higher it should start thinking in that direction. THIS MATTER CONTINUED TO OCTOBER 30 at 5 p.m. I Proposed Acquisition Agreement and Participation Agreement for the sale and development of property commonly known as 610-618 N. Santa Anita Avenue to the Bowden Construction Company. The buyer will execute the Participation Agreement prior to conveyance of the property and all conditions and controls are set forth therein. The Acquisition Agreement provides for a right of reverter in the event the buyer does not construct a development pursuant to the Partici- pation Agreement. The Agreement establishes the fact that the sale is for a specific purpose and not for speculation. Purchase price Down payment . ;,;-1.', ,e-;;' ..Note andc :Deed of, Trust for Interest on' the Note to be Term of Note - 12 months - or a date $219,000 65,000 the. balance .,. 154,000 10% prior to the issuance of a 10-2-79 - 2 - I ADJOURNMENT OCTOBER 30 5 p.m. I , ,.,. -' , ,~",:.' "",'. '. 23:9866 building permit for construction Agreement, whichever is sooner. buildings. of improvements provided for in the The developer is to remove all It was MOVED by Councilman Gi1b, seconded by Councilman Pellegrino and carried on roll call vote as follows that the City Council APPROVE the Agreement for the sale of property to Bowden Construction Company. AYES: NOES: ABSENT: Councilmen Gi1b, Parry, 'Pe11egrino, Sae1id, Margett None None It was further MOVED by Member Gi1b, seconded by Member Pellegrino and carried on roll call vote as follows that the Agency approve the Participation Agreement authorizing its execution pursuant to all conditions. AYES: NOES: ABSENT: Members Gi1b, Parry, Pellegrino, Sae1id, Margett None None The meeting adjourned at 6:50 pm. to October 30, 1979 at 5 p.m. ~dI~p ATTEST: ~{~~/ 10-2-79 - 3 -