RA1981/09/0881 -84
ANAHEIM REDEVELOPMENT AGENCY
September 8, 1981, 1:00 P.M.
Council Chambers
Anaheim Civic Center
PRESENT: AGENCY MEMBERS: Overholt, Kaywood, Roth, Bay and Seymour
ABSENT: AGENCY MEMBERS: None
PRESENT: CITY MANAGER: William 0. Talley
CITY ATTORNEY: William P. Hopkins
SECRETARY: Linda D. Roberts
EXECUTIVE DIRECTOR: Norman J. Priest
Chairman Seymour called the regular meeting of the Anaheim Redevelopment
Agency to order at 1:37 p.m.
MINUTES Approval of minutes was deferred to the next regular meeting.
FINANCIAL DEMANDS AGAINST THE ANAHEIM REDEVELOPMENT AGENCY in the amount
of $1,267.49, in accordance with the 1981 -82 Budget, were approved.
161.123: AGREEMENT WITH THE CITY OF ANAHEIM (Continued from the meeting
of September 1, 1981.) In accordance with recommendations by the Execu-
tive Director, Mrs. Kaywood moved that the Agency authorize an agreement
with the City of Anaheim in an amount not to exceed $17,000, for prepar-
ation of studies of various areas of the city to determine whether con-
ditions of blight exist requiring Redevelopment activity.
Mr. Overholt seconded the motion. MOTION CARRIED.
161.123: EXTENSION TO EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT - C. WILLIAM
BRASHEARS Request was submitted for a sixty -day extension to Negotiation
Agreement between the Agency and C. William Brashears (Redevelopment
Parcels 8 and 9 - Anaheim Financial Center).
Upon invitation by Chairman Seymour, Dr. Brashears reported on the many
meetings held with representatives of the Koll Company and Agency staff since
he last appeared before the Agency. At this point, it was the feeling of
the Koll people that they would like to do additional studies and make
considerable changes to the project concept. Therefore, other alternatives
were being explored. He advised that the financial key was equity financing,
and a New York bank was interested in granting them a three -year loan for
the project. In addition, discussions were under way with another bank
pertaining to the construction loan. Dr. Brashears was confident that the
loan would be satisfactorily completed.
Mr. F. K. Friedemann, Attorney representing Dr. Brashears, stated it had
...A
been their approach that the most expedient project would be one they would
ultimately choose. Alternatives were being explored with full knowledge of
the Koll Company, prior to making a final decision. He noted the changing
financial picture and the problems with loans and interest rates, advising
that the first available loan which made sense would be accepted.
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ANAHEIM REDEVELOPMENT AGENCY, SEPTEMBER 8, 1981, 1:00 P.M.
At the conclusion of the discussion, Mr. Seymour moved that the sixty -day
extension of time to the Exclusive Right to Negotiate Agreement with
C. William Brashears be granted. Mr. Roth seconded the motion. MOTION
CARRIED.
ADJOURNMENT There being no further business to come before the Anaheim
Redevelopment Agency, Mrs. Kaywood moved to adjourn. Mr. Bay seconded
the motion. MOTION CARRIED.
ADJOURNED: 1:48 p.m.
LINDA D. ROBERTS, SECRETARY