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ANAHEIM REDEVELOPMENT AGENCY
June 2, 1981, 1:00 P.M.
Council Chambers
Anaheim Civic Center
PRESENT: AGENCY MEMBERS: Overholt, Kaywood, Bay and Roth
ABSENT: AGENCY MEMBERS: Seymour
PRESENT: CITY MANAGER: William 0. Talley
CITY ATTORNEY: William P. Hopkins
SECRETARY: Linda D. Roberts
EXECUTIVE DIRECTOR: Norman J. Priest
Chairman Pro Tem Roth called the regular meeting of the Anaheim Rede-
velopment Agency to order at 1:00 p.m.
MINUTES On motion by Mrs. Kaywood, seconded by Mr. Bay, minutes of the
Anaheim Redevelopment Agency regular meeting held May 19, 1981, were
approved. Mr. Seymour was absent. MOTION CARRIED.
FINANCIAL DEMANDS AGAINST THE ANAHEIM REDEVELOPMENT AGENCY in the amount
of $328.69, in accordance with the 1980 -81 Budget, were approved.
161.123: TERMINATION OF AGREEMENT MERRILL LYNCH WHITE WELD CAPITAL
MARKETS GROUP In accordance with recommendations by the Executive
Director, Mr. Overholt moved that termination of the Financial Consulting
Agreement dated January 15, 1980, with Merrill Lynch White Weld Capital
Markets Group, be authorized. Mr. Bay seconded the motion. Mr. Seymour
was absent. MOTION CARRIED.
161.158: RELOCATION CLAIMS AGAINST THE CITY No relocation claims pend-
ing ovir a ninety -day period were reported.
161.123: EXTENSION TO EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT - C WILLIAM
BRASHEARS The Executive Director reported that on May 27, 1981, the
Community Redevelopment Commission recommended that a ninety -day extension
to the Exclusive Right to Negotiate Agreement between the Redevelopment
Agency and Dr. C. William Brashears be approved.
Mr. F. K. Friedemann, Attorney representing Dr. Brashears, addressed the
Agency reporting that since their extension granted on April 29, 1981,
for finalization of financing arrangements, those arrangements had not
worked out. During the past thirty days, another financial partner, Koll
Company, had agreed in principle with Dr. Brashears regarding the proposed
development, and more time was therefore necessary to allow the company
to evaluate the scope of the project.
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ANAHEIM REDEVELOPMENT AGENCY. JUNE 2, 1981 1:00 P.M.
Mr. Richard Ortwein, Division President of Koll Company, headquartered in
Newport Beach, briefly described the company's background,with other
regional offices in the areas of Seattle - Portland, San Jose, San Diego,
and Phoenix. He advised that they would be performing two major func-
tions in connection with the Brashears project, one as general contractor
and one as financial partner. He noted sizable projects currently in
various stages of development, such as the Koll Centers in Newport Beach
and in Irvine, consisting of over 1,000,000 square feet of office space,
plus a major hotel facility in each project, and other projects in San
Jose, San Diego and Culver City He pointed out that the Koll Company
had extensive redevelopment experience. Mr. Ortwein estimated that in
approximately thirty days, their evaluation of the scope and direction
for the project would be complete,-as well as determination as to the
sequence of phasing for the various facilities proposed. The responsi-
bility for obtaining financing would primarily lie with the Koll Company,
and he noted that they felt the marketplace in the Downtown Anaheim area
was something with which their company wanted to be identified.
In response to a question by Mr. Overholt, Mr. Priest reported that at the
conclusion of the ninety -day period, if the Koll Company were in a posi-
tion to work with the developer, an agreement would be prepared for
approval by the Agency.
At the conclusion of the discussion, it was moved by Mr. Bay, seconded
by Mrs. Kaywood, that a ninety -day extension of time to Exclusive Right
to Negotiate Agreement between the Agency and Dr. C'. William Brashears,
be approved. Mr. Seymour was absent. MOTION CARRIED.
ADJOURNMENT There being no further business to come before.the Anaheim
Redevelopment Agency, Mr. Overholt moved to adjourn. Mrs. Kaywood seconded
the motion. Mr. Seymour was absent. MOTION CARRIED,
ADJOURNED: 1:28 p.m.
LINDA D. ROBERTS, SECRETARY