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HomeMy WebLinkAboutItem 1b: Rusnak DDA: Request to Continute the Public Hearing to April 20th Meeting rim oil aare MEMORANDUM Arcadia Redevelopment Agency March 31, 2011 TO: Mayor and City Council Chair and Agency Board Members FROM: Jerry Schwartz, Economic Development Manager A SUBJECT: Rusnak DDA; Request to Continue the Public Hearing to April 20 Meeting The April 5 City Council meeting agenda includes a joint City Council /Redevelopment Agency Public Hearing and consideration of a Disposition and Development Agreement (DDA) with Rusnak. While Agency Counsel has been in contact with Rusnak and received some preliminary comments on the DDA, their outside counsel has been away and has not reviewed the document. A meeting has been set between Agency Counsel and the attorney for Rusnak for April 13 to review the DDA in detail and work through any issues. Since the DDA is still under review and changes are expected, it is recommended that this item be continued to the meeting of Wednesday, April 20. A formal action to continue the hearing until that date is required because all of the noticing requirements were completed to hold the hearing at the April 5 meeting. Approved: 4Pri^- ��--�' Donald Penman, City Manager /Executive Director