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RA1977/03/0177 -24 ANAHEIM REDEVELOPMENT AGENCY MARCH 1, 1977 _ (1:00 P.M.) Council Chamber Anaheim City Hall PRESENT: AGENCY MEMBERS: Kaywood, Seymour (entered at 1:08 p.m.), Kott, Roth and Thom ABSENT: AGENCY MEMBERS: None PRESENT: CITY MANAGER: William 0. Talley CITY ATTORNEY: William P. Hopkins SECRETARY: Linda D. Roberts EXECUTIVE DIRECTOR: Norman J. Priest HOUSING DIRECTOR: Rosario Mattessich Chairman Thom called the regular meeting of the Anaheim Redevelop- ment Agency to order. MINUTES On motion by Mrs. Kaywood, seconded by Mr. Roth, the minutes for the regular meeting held February 15, 1977, were approv- ed. Mr. Seymour absent. MOTION CARRIED. Approval of the minutes for the regular meeting held February 8, 1977 was deferred one week. FINANCIAL DEMANDS AGF. amount of $40,484.20, approved. LUST THE ANAHEIM REDEVELOPMENT AGENCY in the in accordance with the 1976 -77 Budget, were NEGOTIATION AGREEMENT - KING OF CALIFORNIA, INC Executive:Director Norman J. Priest presented and recommended adoption of the resolution- authorizing an agreement with King of California, Inc. for the exclu- sive right to negotiate for the development of certain property with- in Project Alpha. (Mr. Seymour entered at 1:08 p.m.) Mr. Priest explained that the purpose of this Negotiation Agreement is to arrive at an appropriate agreement for the development of a 2,000 seat theatre on property located on the north side of Broadway, east of Anaheim Boulevard and that construction would be contingent upon some partial utilization of parking facilities adjacent to the site and adjacent sites, including City Hall. 7/-2 0 ANAHEIM REDEVELOPMENT AGENCY - March 1,1977 - 1:00 P.M. Mr. Thom offered Resolution No. ARA77 -16 for adoption: RESOLUTION NO. ARA77 -16 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY APPROVING THE TERMS AND CONDITIONS OF AN AGREEMENT FOR THE EXCLUSIVE RIGHT TO NEGOTIATE FOR THE DEVELOPMENT OF CERTAIN PROPERTY. (King of California, Inc.) Roll Call Vote: AYES: AGENCY MEMBERS: Kaywood, Seymour, Roth and Thom NOES: AGENCY MEMBERS: Kott ABSENT: AGENCY MEMBERS: None Chairman Thom declared Resolution No. ARA77 -16 duly passed and adopted. Mr. Kott stated that he felt this agreement, although general in nature, to be very unilateral and, in his opinion, the taxpayers of the City.would be the ultimate losers in that it appeared to be a type of arrangement whereby the City would subsidize this particu- lar entity and, therefore, he cast his dissenting vote. He did not feel this was a good business arrangement even in a prelimi- nary arrangement. RELOCATION ASSISTANCE ACCOUNT Executive Director Norman J. Priest recommended that the Agency authorize the establishment of a special checking account for the purpose of making relocation payments in compliance with-the confidentiality requirements of Section 33418 of the California Health and Safety Code. He further noted that the signatures of both the Agency Chairman and Treasurer would be re- quired on such warrants and that the checking account records would be maintained with the relocation records in order to protect their confidentiality. In answer to questions of Mr. Kott, the Executive Director replied that this procedure was recommended by the Finance Director in an effort to comply with the confidentiality requirements and that he would investigate and get back to Mr. Kott as to which bank will be used. Following questions of Mr. Seymour, discussion ensued on the auditing procedure of this account wherein it was determined that, due to the amount of funds involved, the account should be audited quarterly by the City Auditing Staff. Mr. Seymour.offered Resolution No. ARA77- 17 for adoption: 77 -2& ANAHEIM REDEVELOPMENT AGENCY - March 1, 1977 - 1:00 P. M RESOLUTION NO. ARA77 -17 A kESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY AUTHORIZING THE ESTABLISHMENT OF AN ACCOUNT ENTITLED THE "ANAHEIM REDEVELOPMENT AGENCY - RELOCATION ASSISTANCE ACCOUNT." Roll Call Vote: AYES: AGENCY MEMBERS: Kaywood, Seymour, Kott, Roth and Thom A WN * NOES: AGENCY MEMBERS: None ABSENT: AGENCY MEMBERS: None Chairman Thom declared Resolution No. ARA77 -17 duly passed and adopted. Motion was made by Mr. Seymour that a quarterly audit of the Relo- cation Assistance Account be conducted by the City Auditing Staff and that in lieu of one quarterly audit, the outside Auditor of the City would perform such audit. Mr. Thom seconded the motion. MOTION CARRIED. ADJOURNMENT: There being no further business before the Anaheim Redevelopment Agency, Mrs. Kaywood moved to adjourn. Mr. Thom seconded the motion. MOTION CARRIED. ADJOURNED: 1:15 p.m. LINDA D. ROBERT 9. SECRETARY "'