ARA 2008/08/12ANAHEIM REDEVELOPMENT AGENCY
REGULAR MEETING OF
AUGUST 12, 2008
The Anaheim Redevelopment Agency met in regular session in the Chambers of Anaheim
City Hall located at 200 South Anaheim Boulevard.
Present: Chairman Curt Pringle, Agency Members: Lorri Galloway, Bob Hernandez, Lucille
Kring and Harry Sidhu
Staff Present: City Manager Dave Morgan, City Attorney Jack White, and Secretary Linda
Andal.
A copy of the agenda for the meeting of the Redevelopment Agency was posted on August
8, 2008 on the kiosk outside City Hall.
At 6:31 P.M., Chairman Pringle called the meeting of the Anaheim Redevelopment Agency to
order for a joint public comment session with the Anaheim City Council.
ADDITIONS/DELETIONS TO THE AGENDA: None
PUBLIC COMMENTS: No comments offered during the joint public comment session
related to the Agency agenda.
JOINT PUBLIC HEARING:
1. This is a joint public hearing to approve an Amended and Restated Disposition and
4600.2 Development Agreement with Trucor, Inc. to add two parcels to the five original
parcels and restructure economic terms and conditions, anticipated sales prices and
methods of payment (Lemon and Water Phase III).
RESOLUTION NO. ARA 2008-003 RESOLUTION OF THE GOVERNING BOARD
OF THE ANAHEIM REDEVELOPMENT AGENCY approving an Amended and
Restated Disposition and Development Agreement with Trucor, Inc., and making
certain findings in connection therewith.
Elisa Stipkovich, Director of Development Services, announced the joint public hearing was
to consider an amendment to a Disposition and Development (DDA) agreement approved on
August 21, 2007 for five properties known as the Lemon/Water Historic Preservation Project,
generally located near Lemon and Water. She explained that the amendment before Council
was to add two parcels to the DDA. One of the parcels to be added was the sixth parcel in
this subdivision where a historic home was recently relocated from Vermont Avenue for the
purposes of restoration along with the original five parcels. The DDA would add this parcel
with the intent of Trucor restoring this home along with homes on the surrounding parcels
and completing the historic streetscape for this neighborhood. The second parcel to be
added to the DDA was located on Center Street and would finish the Five Points project in
which the developer was also building a residential component. By adding these two parcels
and re-doing the economic terms, the Agency would be putting up the land in this project
through participation. She explained this would be an open book project where the developer
must show actual costs and would be limited to a fixed 15 percent overhead and profit and
Anaheim Redevelopment Agency Minutes of August 12, 2008
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any other proceeds from sale of the property would be split with two-thirds going to the
Agency and one third going to the developer. She emphasized, based on current market
conditions, this would be the only way to get these projects completed and staff felt it was
critical, because six parcels with historic homes had been sitting on blocks for a lengthy
period of time and should be put into productive use.
Agency Member Hernandez requested an anticipated completion date and Ms. Stipkovich
responded that it would depend on how fast the properties sold but she hoped the entire
project would be completed in 18 months. He asked how the value of the properties was
determined. Ms. Stipkovich indicated Keyser Marston had performed an analysis of the
current fair market value that was based upon projected sales and also by what the
developer determined the homes would sell. She added it was a tough market in which to
get comparable figures and difficult to predict a final sales price which is why the Department
went to a participation formula. The land value was then based on a formula derived when
the actual sale took place.
Chairman Pringle opened the public hearing.
Barbara Gonzales, recipient of the Mills Act plaque for 115 West Steuckle Avenue which sits
adjacent to the six homes awaiting restoration, spoke of the positive impact on neighbors
when rehabilitation takes place. She supported this project and the significant impact the
homes would have on her neighborhood.
With no other speakers, Chairman Pringle closed the public hearing.
Agency Member Kring moved to approve RESOLUTION NO. ARA 2008-003 OF THE
GOVERNING BOARD OF THE ANAHEIM REDEVELOPMENT AGENCY approving an
Amended and Restated Disposition and Development Agreement with Trucor, Inc., and
making certain findings in connection therewith, seconded by Agency Member Galloway.
Chairman Pringle supported this project and this developer and commended staff for being
creative and figuring out a way to restore these historic homes in a challenging economic
time. He added that one of the homes was the old Katella house pointing out the original
owner named Katella Avenue for his two daughters, Kate and Ella, and this project would
preserve a very special Anaheim home.
Roll call vote: Ayes - 5; Chairman Pringle, Agency Members: Galloway, Hernandez, Kring
and Sidhu. Noes - 0. Motion Carried.
ADJOURNMENT:
There being no further business, Chairman Pringle adjourned the Anaheim Redevelopment
Agency meeting at 6:52 P.M.
Res c Ily submitted,
Linda N. Andal
Secretary, Anaheim Redevelopment Agency