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ARA-2009/11/17ANAHEIM REDEVELOPMENT AGENCY REGULAR MEETING OF NOVEMBER 17, 2009 The Anaheim Redevelopment Agency met in regular session in the Chambers of Anaheim City Hall located at 200 South Anaheim Boulevard. Present: Chairman Curt Pringle, Agency Members: Lorri Galloway, Bob Hernandez, Lucille Kring, and Harry Sidhu Staff Present: City Manager Tom Wood, City Attorney Cristina Talley, and Secretary Linda Andal A copy of the agenda was posted on November 13, 2009 on the kiosk outside City Hall. At 5:10 P.M., Chairman Pringle called the meeting of the Anaheim Redevelopment Agency to order for a joint public comment session with the Anaheim City Council and Anaheim Housing Authority. ADDITIONS /DELETIONS TO THE AGENDA: None PUBLIC COMMENTS: David Diaz, Central Neighborhood District, addressed Item No. 1, requesting Agency Members to consider the lack of parking and current residential housing difficulties before approving the Packing House project JOINT REDEVELOPMENT AGENCY /CITY COUNCIL PUBLIC HEARING: 1. This is a joint public hearing between the City Council and the Redevelopment 5964 Agency to consider the disposition and development of the following two parcels for 5965 the construction of for -sale housing units: Parcels bounded by 1) Elm Street, Anaheim Boulevard and Santa Ana Street 2) Santa Ana Street, Anaheim Boulevard and Ellsworth Street. Redevelopment Agency Action: RESOLUTION NO. ARA 2009 -009 A RESOLUTION OF THE GOVERNING BOARD OF THE ANAHEIM REDEVELOPMENT AGENCY approving a Disposition and Development Agreement with Brookfield Anaheim Boulevard LLC and making certain findings in connection therewith. Approve and authorize the Agency Executive Director to execute a Predevelopment and Construction Management Agreement, in substantial form, with Brookfield Southland Builders, Inc., for the development of for -sale housing units on two separate parcels. Elisa Stipkovich, Community Development Executive Director, reported this item related to approval of a Disposition and Development agreement with Brookfield Homes on two specific parcels along Anaheim Boulevard which were approximately three acres in total and would accommodate 88 condominium units. Ten percent of the units were required to be affordable Anaheim Redevelopment Agency Minutes of November 17, 2009 Page 2 of 3 to low income families and she believed with the current market rate pricing, 25 percent affordable could be achieved using $2.3 million of down payment assistance. She disclosed the cost to the Agency for acquisition, relocation, demolition and related charges was approximately $5.9 million, adding that the developer would pay fair market value for the land at $3.5 million. With tax increment to be recovered over the life of the project, an additional $8.2 million over the 30 year time frame would be received, for a total revenue of $11.7 million or net revenue of $5.8 million in actual dollars. She noted staff also recommended approval of a construction management agreement with Brookfield for assisting in the restoration of the Packing House for restaurant or other food related uses. After completion of the Packing House restoration, staff would then return with a plan for operation of the retail site. Referencing the earlier comments made regarding parking issues, Ms. Stipkovich stated the parking requirements for this project had been thoroughly studied and considering the successful parking conditions for Colony Park condominiums as well as the existing Boulevard Project, staff recommended approval of the project. She pointed out community input on the Packing House property and its additional commercial uses would be sought, adding that the preservation of an historic building and the added commercial uses would be an asset to the downtown area. Chairman Pringle opened the public hearing for comments. John O'Brian, Vice President /Developer of Brookfield Homes, stated they were looking forward to advancing the restoration of the Packing House as well as providing residential units in the adjacent area. He explained the next process included meeting with stakeholders and community groups with an additional public hearing before the Planning Commission, which would provide a forum to address any community concerns. Maurice Turner, Colony Park resident, supported the Packing House project and Brookfield as developers stating they worked with the existing community while being respectful of the downtown area design. He added the design of Colony Park fit with the existing area while inviting modern amenities for both comfort and energy efficiency and he believed the Packing House project would do the same and help solidify the downtown core. With no other comments offered, the public hearing was closed. Agency Member Hernandez moved to approve RESOLUTION NO. ARA 2009 -009 A RESOLUTION OF THE GOVERNING BOARD OF THE ANAHEIM REDEVELOPMENT AGENCY approving a Disposition and Development Agreement with Brookfield Anaheim Boulevard LLC and making certain findings and to approve and authorize the Agency Executive Director to execute a Predevelopment and Construction Management Agreement, in substantial form, with Brookfield Southland Builders, Inc., for the development of for -sale housing units on two separate parcels, seconded by Agency Member Galloway. Roll CaII vote: Ayes 5: Chairman Pringle and Agency Members: Galloway, Hernandez, Kring and Sidhu. Noes 0. Motion Carried. ADJOURNMENT: Anaheim Redevelopment Agency Minutes of November 17, 2009 Page 3 of 3 With no other business to conduct, Chairman Pringle adjourned the meeting at 5:33 P.M. Resp lly submitted, Linda N. Andal, CMC Secretary, Anaheim Redevelopment Agency