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RA1984/12/11Anaheim Civic Center, ANAHEIM REDEVELOPMENT AGENCY December 11, 1984, 9:30 A.M. PRESENT: AGENCY MEMBERS: Kaywood, Bay, Pickler and Roth ABSENT: AGENCY MEMBERS: Overholt PRESENT: CITY MANAGER: William 0. Talley CITY ATTORNEY: William P. Hopkins SECRETARY: Leonora N. Sohl EXECUTIVE DIRECTOR OF COMMUNITY DEVELOPMENT: Norman J. Priest Chairman Roth called the regular meeting of the Anaheim Redevelopment Agency to order at 10:05 a.m. MINUTES: Agency Member Pickler moved to approve the minutes of the regular meetings held September 11 and 18, 1984. Agency Member Kaywood seconded the motion. Agency Member Kaywood abstained on the minutes of September 18, 1984 since she was not present at that meeting. Agency Member Overholt was absent. MOTION CARRIED. FINANCIAL DEMANDS AGAINST THE ANAHEIM REDEVELOPMENT AGENCY in the amount of 166,235.73, in accordance with the 1984 -85 Budget, were approved. CONSENT CALENDAR ITEMS: On motion by Agency Member Bay, seconded by Agency Member Kaywood, the following actions were authorized in accordance with the reports and recommendations furnished each Agency Member and as listed on the Consent Calendar Agenda. Agency Member Bay offered Resolution Nos. ARA84 -32 through ARA84 -37, both inclusive, for adoption. Refer to Resolution Book. 1. 161/123: Authorizing the Executive Director to approve Evidence of Construction Financing for Meyer Investment Properties, Inc., with First Interstate Mortgage Corporation for Phase I, Parcel A of Parcels 8 and 9; and to execute and forward a Letter of Understanding to First Interstate Mortgage Corporation agreeing to continuation of office tenant parking in the event of default by Meyer Investment Properties, Inc. 2. 161/123: RESOLUTION NO. ARA84 -32: A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY APPROVING THE TERMS AND CONDITIONS OF COOPERATION AGREEMENT NO. 28 FOR RIGHT OF WAY AND PUBLIC IMPROVEMENTS WITH THE CITY OF ANAHEIM. (Authorizing Cooperation Agreement No. 28 with the City in an amount not to exceed $1,500,000 for the construction of right -of -way and public improvements for Harbor Boulevard, Broadway, Clementine Street, and Chestnut Street) 3. 161/123: RESOLUTION NO. ARA84 -33: A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY APPROVING THE TERMS AND CONDITIONS OF COOPERATION AGREEMENT NO. 29 FOR RIGHT OF WAY AND PUBLIC IMPROVEMENTS WITH THE CITY OF ANAHEIM. (Authorizing Cooperation Agreement No. 29 with the City in an amount not to exceed $2,350,000 for the widening of Anaheim Boulevard north of the downtown area to Lemon Street) 84 -70 Anaheim Civic Center ANAHEIM REDEVELOPMENT AGENCY December 11, 196T, A.M. 4. 161/123: RESOLUTION NO. ARA84 -34: A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY APPROVING THE TERMS AND CONDITIONS OF COOPERATION AGREEMENT NO. 31 FOR RIGHT OF WAY AND PUBLIC IMPROVEMENTS WITH THE CITY OF ANAHEIM. (Authorizing Cooperation Agreement No. 31 with the City in an amount not to exceed $2,860,000 for widening of La Palma Avenue between Imperial Highway and Grove Street in the Northeast Area of Project Alpha) 5. 161/123: RESOLUTION NO. ARA84 -35: A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY APPROVING THE TERMS AND CONDITIONS OF COOPERATION AGREEMENT NO. 32 FOR RIGHT OF WAY AND PUBLIC IMPROVEMENTS WITH THE CITY OF ANAHEIM. (Authorizing Cooperation Agreement No. 32 with the City in an amount not to exceed $375,000 for construction of a master planned storm drain in Coronado Street and Van Buren Street in the Northeast Area of Project Alpha) 6. 161 /107: RESOLUTION NO. ARA84 -36: A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY ACCEPTING A SEALED PROPOSAL AND AWARDING A CONTRACT TO THE LOWEST RESPONSIBLE BIDDER FOR DEMOLITION AND REMOVAL OF IMPROVEMENTS LOCATED AT 221 N. OLIVE IN THE CITY OF ANAHEIM. (Contract No. D84 -7) (Accepting the low bid of Viking Equipment Corp., at a cost to the Agency of $2,400 for demolition and site clearance at 221 North Olive Street, Contract D84 -7; directing Bond Counsel to prepare the necessary documents therefor, to be executed by the Chairman and Secretary; and if required bonding and insurance is not furnished, to allow award to the next lowest bidder, Three D Service Co., in the amount of $2,850) 7. 161 /123: RESOLUTION NO. ARA84 -37: A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY ACCEPTING A SEALED PROPOSAL AND AWARDING A CONTRACT TO THE LOWEST RESPONSIBLE BIDDER FOR DEMOLITION AND REMOVAL OF IMPROVEMENTS LOCATED AT 208 S. PHILADELPHIA STREET IN THE CITY OF ANAHEIM. (Contract No. D84 -6) (Accepting the low bid of Three D Service, at a cost to the Agency of $2,955, for demolition and site clearance at 208 South Philadelphia Street, Contract D84 -6; directing Bond Counsel to prepare the necessary documents therefor, to be executed by the Chairman and Secretary; and if required bonding and insurance is not furnished, to allow award to the next lowest bidder, Viking Equipment Corporation, in the amount of $4,500) Roll Call Vote on Resolution Nos. ARA84 -32 through ARA84 -37: AYES: AGENCY MEMBERS: Kaywood, Bay, Pickler and Roth NOES: AGENCY MEMBERS: None ABSENT: AGENCY MEMBERS: Overholt The Chairman declared Resolution Nos. ARA84 -32 through ARA84 -37, both inclusive, duly passed and adopted. End of Consent Calendar. Agency Member Overholt was absent. MOTION CARRIED. 84 -71 l Anaheim Civic Center, ANAHEIM REDEVELOPMENT AGENCY December 11, 1984, 9:30 A.M. RECESS: Agency Member Roth moved to recess to 1:30 p.m for a Joint Public Hearing with the City Council. Agency Member Bay seconded the motion. Agency Member Overholt was absent. MOTION CARRIED. (10:09 a.m.) AFTER RECESS: Chairman Roth reconvened the Anaheim Redevelopment Agency, all Agency Members being present. (1:46 p.m.) 161/123: CONTINUED PUBLIC HEARING - ANAHEIM REDEVELOPMENT AGENCY /CITY COUNCIL: To consider the proposed First Amendment to Disposition and Development Agreement with Meyer Investment Properties, Inc., providing for the sale and redevelopment of certain real property in the Redevelopment Project Alpha, consisting of approximately 13 acres generally bounded on the north by Lincoln Avenue, on the east by Clementine Street, on the south by Broadway, and on the west by Harbor Boulevard, to provide, inter alia, for the construction of the first phase parking structure by the Agency and the sale of such structure to the developer on an installment sale basis. This matter was continued from the meeting of November 27, 1984, to this date (see minutes that date). Submitted was a report from the Community Development Department dated December 4, 1984, recommending approval by the Agency of the proposed sale of real property in Redevelopment Project Alpha and approval by the Agency and Council of the First Amendment to Disposition and Development Agreement with Meyer Investment Properties, Inc. and also finding that consideration for the sale of the property thereunder is not less than fair market value in accordance with covenants and conditions governing such sale. Mr. Norm Priest, Executive Director of Community Development then briefed the three -page report. In concluding, Mr. Priest stated staff was recommending that the Agency finance the parking structure from tax increment funds on an installment loan basis to be paid back to the Agency with interest over a 10 -year period with a balance due and payable at the end of 10 years. In that way, the Agency would not be out any money but would also recover administrative costs as well. It was the kind of thing staff would bring to the Agency /Council as an implementation agreement but this matter was of sufficient importance that it should be in the form of a formal amendment and, therefore, it required a hearing. The Mayor /Chairman asked if there was any additional testimony to be given by anyone, staff, members of the public or any of the representatives from Meyer who were present in the Chamber audience; no additional testimony was presented. The Mayor /Chairman closed the public hearing. Agency Member Roth offered Resolution No. ARA84 -38 for adoption, approving the proposed sale of real property in Redevelopment Project Alpha; approving the 84 -72 Anaheim Civic Center, ANAHEIM REDEVELOPMENT AGENCY December 11, 1984, 9:30 A.M. proposed First Amendment to Disposition and Development Agreement with Meyer Investment Properties, Inc., pertaining thereto; and authorizing the execution of said First Amendment. Refer to Resolution Book. RESOLUTION NO. ARA84 -38: A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY APPROVING THE PROPOSED SALE OF REAL PROPERTY IN REDEVELOPMENT PROJECT ALPHA; APPROVING THE PROPOSED FIRST AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT WITH MEYER INVESTMENT PROPERTIES, INC., PERTAINING THERETO; AND AUTHORIZING THE EXECUTION OF SAID FIRST AMENDMENT. Roll Call Vote: AYES: AGENCY MEMBERS: Kaywood, Bay, Pickler, Overholt and Roth NOES: AGENCY MEMBERS: None ABSENT: AGENCY MEMBERS: None The Mayor /Chairman declared Resolution No. ARA84 -38 duly passed and adopted. Council Member Roth offered Resolution No. 84R -485 for adoption, approving the proposed First Amendment to Disposition and Development Agreement between the Anaheim Redevelopment Agency and Meyer Investment Properties, Inc., a California Corporation, and finding that the consideration for the sale of the property thereunder is not less than fair market value in accordance with covenants and conditions governing such sale. RESOLUTION NO. 84R -485: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM APPROVING THE PROPOSED FIRST AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND MEYER INVESTMENT PROPERTIES, INC., A CALIFORNIA CORPORATION, AND FINDING THAT THE CONSIDERATION FOR THE SALE OF THE PROPERTY THEREUNDER IS NOT LESS THAN FAIR MARKET VALUE IN ACCORDANCE WITH COVENANTS AND CONDITIONS GOVERNING SUCH SALE. Roll Call Vote: AYES: COUNCIL MEMBERS: Kaywood, Bay, Pickler, Overholt and Roth NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None The Mayor /Chairman declared Resolution No. 85R -485 duly passed and adopted. ADJOURNMENT OF THE REDEVELOPMENT AGENCY: Agency Member Roth moved to adjourn. Agency Member Pickler seconded the motion. MOTION CARRIED. (2:00 p.m.) LEONORA N. SOHL, SECRETARY 84 -73