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HomeMy WebLinkAboutItem 6a: Rusnak DDA: Request to Continue the Public Hearing to May 3rd Meeting F'!" Pi 1 91 iii row Y � MEMORANDUM Arcadia Redevelopment Agency April 13, 2011 TO: Mayor and City Council Chair and Agency Board Members FROM: Jason Kruckeberg, Assistant City Manager /Development Services Director Jt By: Jerry Schwartz, Economic Development Manager )f 3 SUBJECT: Rusnak DDA; Request to Continue the Public Hearing to May 3rd Meeting The April 19 City Council meeting agenda includes a joint City Council /Redevelopment Agency Public Hearing and consideration of a Disposition and Development Agreement (DDA) with Rusnak. The item was continued from the initial noticed hearing date of April 5th Rusnak's outside counsel had been away until this week. A meeting was held today between Rusnak and its attorney and Agency staff and Counsel to review the DDA in detail. As a result of the meeting, revisions to the DDA are being prepared and will require review by Agency staff and Rusnak. This process will not be complete in time for a finished DDA to be presented to the Council and Agency at its April 19 meeting. Since the DDA is still being modified, it is recommended that this item be continued to the meeting of Tuesday, May 3. A formal action to continue the hearing until that date is required because a noticed public hearing was continued to the April 19 meeting. Approved: -4Q Donald Penman, City Manager /Executive Director