RA1977/07/1277- -69
ANAHEIM REDEVELOPMENT AGENCY
JULY 12 1977 (1:00 P.M.)
Council Chamber
Anaheim City Hall
PRESENT: AGENCY MEMBERS: Kaywood, Kott, Roth and Thom
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 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 meetings held June 21 and July 5, 1977,
were approved. Mr. Seymour absent. MOTION CARRIED.
FINANCIAL
amount of
approved.
4DS AGAINST THE ANAHEIM REDEVELOPMENT AG ENCY in the
57,813.80, in accordance with the 1976 -77 Budget, were
NEGATIVE DECLARATION Upon recommendation of the Executive Director,
Mr. Kott moved that consideration of negative declaration on the
proposed agreement for sale of real property between the Agency
and Pacific Southwest Realty Company be continued one week to be
heard in conjunction with the public hearing. Mrs. Kaywood seconded
the motion. Mr. Seymour absent. MOTION CARRIED.
,- REDEVELOPMENT PROJECT ALPHA TAX ALLOCATION BONDS, SERIES A Mr.
Priest presented his recommendation for the adoption of the resolu-
tion authorizing issuance of bonds in the amount of $30.million to
finance a portion of the cost of Redevelopment Project Alpha.
Mr. Bill Kramer of O'Melveny & Myers, Bond Counsel, was also present
and reviewed changes to the proposed resolution. Following clarifi-
cation of those provisions to be included in Section 21 of the pro-
posed resolution relative to tax revenue payments, Mr. Thom offered
Resolution No. ARA77 -47 for adoption.
RESOLUTION NO. ARA77 -47 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY AUTHORIZING THE ISSUANCE OF $30,000,000 BONDS OF SAID AGENCY
TO FINANCE A PORTION OF THE COST OF A REDEVELOPMENT PROJECT KNOWN AS
REDEVELOPMENT PROJECT ALPHA.
77 -70
ANAHEIM REDEVELOPMENT AGENCY. - July 12, 1977 -1 :00 P.M.
Roll Call Vote:
AYES:
AGENCY
MEMBERS:
Kaywood, Kott, Roth and Thom
NOES:
AGENCY
MEMBERS:
None
ABSENT:
AGENCY
MEMBERS:
Seymour
The Chairman declared Resolution No. ARA77 -47 duly passed and adopted.
AN N%
Mr. Priest presented his recommendation for the adoption of the
resolution approving the Official Statement for use in connection
with the tax allocation bond issue.
Mr. Comerford of Blythe Eastman Dillon & Company was also present
and following his review of numerous "cosmetic" changes to the
proposed draft of the Official Statement received by Agency Members,
Mr. Kott offered Resolution No. AR.A77 -48 for adoption.
; RESOLUTION NO. ARA77 -48 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING OFFICIAL STATEMENT TO BE USED IN CONNECTION WITH
REDEVELOPMENT PROJECT ALPHA TAX ALLOCATION BONDS, SERIES A.
Roll Call Vote:
AYES: AGENCY MEMBERS:
NOES: AGENCY MEMBERS:
ABSENT: AGENCY MEMBERS:
Kaywood, Kott, Roth and Thom
None
Seymour
The Chairman declared Resolution No. ARA77 -48 duly passed and adopted.
Mr. Priest presented his recommendation for the adoption of the
resolution declaring its intention to sell bonds and directing
publication of notice inviting bids, bids to be opened July 27,
1977 10:00 A.M.
Upon request of the Executive Director, Agency Members tentatively
scheduled July 27, 1977, 11 :00 a.m., as the date and time to award
the bid.
Mr. Kott offered Resolution No. ARA77 -49 for adoption.
RESOLUTION NO. ARA.77 -49 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY DECLARING ITS,INTENTION TO SELL BONDS OF SAID AGENCY IN THE
AMOUNT OF $30,000,000 FIXING TIME AND PLACE FOR TAKING SAID BIDS AND
DIRECTING PUBLICATION OF NOTICE INVITING BIDS. (Bids to be opened
July 27, 1977, 10:00 A.M.)
77 -71
ANAHEIM REDEVELOPMENT AGENCY - July 12 1977 - 1:00 P.M.
Roll Call Vote:
AYES:
AGENCY
MEMBERS:
Kaywood, Kott, Roth and Thom
NOES:
AGENCY
MEMBERS:
None
ABSENT:
AGENCY
MEMBERS:
Seymour
The Chairman declared Resolution No. ARA77 -49 duly passed and adopted.
AUTHORIZATION FOR EXECUTION OF SHORT TERM LEASES: Upon recommenda-
tion of the Executive Director, Mr. Kott offered Resolution No.
ARA77 -50 for.adoption.
RESOLUTION NO. ARA77 -50: A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE CERTAIN SHORT -
TERM LEASES OF AGENCY PROPERTY AND TO BIND THE ANAHEIM REDEVELOPMENT
AGENCY THERETO.
Roll Call Vote:
AYES:
AGENCY
MEMBERS:
Kaywood, Kott, Roth and Thom
NOES:
AGENCY
MEMBERS:
None
ABSENT:
AGENCY
MEMBERS:
Seymour
The Chairman declared Resolution No. ARA77 -50 duly passed and adopted.
TEMPORARY SHOPPING CENTER - SITE LOCATION & AWARD OF CONTRACT: Mr.
Priest presented his recommendation for a temporary shopping center
site location and award of contract to Pepsico Building Systems, as
outlined in his memo dated June 29, 1977. He also presented and read
in full an unsigned resolution from downtown merchants (on file in
the City Clerk's Office) expressing their concern relative to the
proposed completion date of September 1, 1977 for the temporary shop-
ping center and requesting that said date be advanced to February 1,
1978 to allow the merchants more time for a methodical and reasonable
transfer of operations. Mr. Priest informed Agency Members that
staff is prepared to moved ahead with the September 1, 1977 completion
date or, if directed, could delay said completion until a later date.
Mr. felt that, based upon the information currently available,
more time was required in order to obtain an appropriate number of
signed leases to warrant the cost of proceeding ahead with a temporary
shopping center and suggested a tentative approval date of October 1,
1977.
77 -72
ANAHEIM REDEVELOPMENT AGENCY - July 12 1977 - 1.00 P.M.
Doug Renner of SQR Store and Marion Freedman of Hurst Jewelers were
present and expressed the need for more time and additional informa-
tion relative to the leasing of space in the temporary shopping
center.
Mr. Priest commented that copies of the proposed lease have been
distributed to interested downtown merchants for their review and .•.,,
consideration and that appropriate follow -up is being made by staff.
In reply to concern expressed by Mrs. Freedman, he stated that an
offer has been made to the owner of the building where she is presently
located and that contact with the tenants would follow.
Mr. Thom moved that approval of the temporary shopping center, based
upon the number of executed leases, be delayed until October 4, 1977
and that in the interim, acquisition, relocation and demolition
would continue as- scheduled. Mr. Roth seconded the motion.' Mr.
Seymour absent. MOTION CARRIED.
Mr. Thom indicated to those persons present that final approval of
the temporary shopping center was being held over to October in order
to allow the downtown merchants more time to work with staff and to
obtain firm._commitments prior to expenditure of funds..: If approved,
completion would probably be sometime in February 1978.
DECLARATION OF ASSETS WITHIN PROJECT ALPHA: Secretary Linda D. Roberts
reported that Mr. Rodolfo J. Valenzuela, recently appointed Community
Redevelopment Commissioner, has filed his written declaration pertain-
ing to interests in real and personal property within the boundaries.
of Project Alpha, pursuant to Section 33130 of the California Health
and Safety Code.
ADJOURNMENT There being no further business before the Anaheim
Redevelopment Agency, Mr. Kott moved to adjourn. Mr. Thom seconded
the motion. Mr. Seymour absent. MOTION CARRIED.
ADJOURNED: 1:40 p.m.
LINDA D. ROBERTS, SECRETARY