RA1994/11/15Anaheim Civic Center. ANAHEIM REDEVELOPMENT AGENCY
NOVEMBER 15, 1994, 5:00 P.N.
PRESENT: AGENCY MEMBERS: Feldhaus, Simpson, Pickler, Daly
ABSENT: AGENCY MEMBERS: Hunter
PRESENT: CITY MANAGER: James Ruth
CITY ATTORNEY: Jack White
SECRETARY: Leonora N. Sohl
EXECUTIVE DIRECTOR OF COMMUNITY DEVELOPMENT: Lisa Stipkovich
A complete copy of the agenda for the meeting of the Anaheim Redevelopment
Agency was posted at 3:10 p.m. on November 10, 1994 at the Civic Center kiosk,
containing all items as shown herein.
Chairman Daly called the regular meeting of the Anaheim Redevelopment Agency
to order at 5:32 p.m.
FINANCIAL DEMANDS AGAINST THE ANAHEIM REDEVELOPMENT AGENCY in the amount of
$70,417.70 for the period ending November 10, 1994, in accordance with the
1994 -95 Budget, were approved.
ADDITIONS TO THE AGENDA: There were no additions to agenda items.
ITEMS OF PUBLIC INTEREST: No items of public interest were addressed.
PUBLIC COMMENTS - AGENDA ITEMS• There were no public comments on
Redevelopment Agency agenda items.
1. 123: Approving the First Amendment to Lease and Limited Option to
Purchase for the First Interstate Bank Building (411 West Broadway Parking
Structure), and authorizing the Executive Director to execute the First
Amendment if in substantial conformance.
MOTION: Agency Member Pickler moved to approve the First Amendment to Lease
and Limited Option to Purchase for the First Interstate Bank Building
(411 West Broadway Parking Structure), and authorizing the Executive Director
to execute the First Amendment if in substantial conformance. Agency Member
Simpson seconded the motion. Agency Member Hunter was absent. MOTION
CARRIED.
ADJOURNMENT: Agency Member Daly moved to adjourn to 6:00 p.m. for a joint
public hearing with the City Council. Agency Member Simpson seconded the
motion. Agency Member Hunter was absent. MOTION CARRIED. (5:34 p.m.)
Chairman Daly reconvened the Redevelopment Agency meeting. (6:01 p.m.)
123: JOINT PUBLIC HEARING - REDEVELOPMENT AGENCY /CITY COUNCIL FIRST
AMENDMENT TO AREA 5 DISPOSITION AND DEVELOPMENT AGREEMENT:
First Amendment to the Area 5 Disposition and Development Agreement between
the Anaheim Redevelopment Agency and Kaufman and Broad of Southern California,
Inc., indicating the term and conditions of the Sale of Certain Real Property
within Redevelopment Project Alpha.
PUBLIC NOTICE REQUIREMENTS MET BY:
Publication in Anaheim Bulletin - November 1 and November 8, 1994
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Anahein Civic Center ANAHEIM REDEVELOPMENT AGENCY
NOVEMBER 15, 1994, 5 :00 P.N.
STAFF INPUT•
See report dated November 15, 1994 from the Community Development Department
recommending approval of the subject sale and making certain findings
regarding the negative declaration for such agreement with attachments
A and B.
Lisa Stipkovich, Executive Director of Community Development. The public
hearing is regarding the amendment to the Kaufman & Broad agreement. They are
asking for a change in the sale price and State law requires a joint public
hearing regarding those issues. At the request of the developer, staff has
been working on the amendment in order to allow the homes to be changed to the
extent of adding an average of about 100 square feet to each property. They
felt this particular product type with the additional square footage would be
a better product to sell and mare for better living quality for the families.
Staff agrees.
Lisa Stipkovich then briefed the discussion portion of the November 15, 1994
staff report which explained the proposed first amendment to the Disposition
and Development Agreement in detail including purchase price and agreement
sales prices - •the *&es Purchase Price of $2,910,000 that Kaufman and Broad
will pay the Agency for the land remains the same under the First Amendment...
the Agency will receive 12.5% of the actual sales prices above the projected
aggregate sales prices. These projected aggregate sales prices will be
increased in the First Amendment from $9,209,350 to $9,339,350 for the
townhomes and from $15,449,130 to $16,563,130 for the single - family detached
homes as a result of the larger unit sizes ". She reiterated, it is a matter
of allowing Kaufman & Broad to build a bigger product and a better product for
the area. She then updated the status of the current project.
Mayor /Chairman Daly opened the public hearing.
Jeff Kirsch, 2661 W. Palais, Anaheim. He asked if they are adopting the
threshold lower because of an expected increase in sale prices, if market
conditions later force a downward change in the sales price, will it reverse
this action or what will happen.
Lisa Stipkovich. A downward swing in sale prices would not impact the Agency
at all. The Agency only participates if the sale prices are higher than
expected.
Mayor /Chairman Daly closed the public hearing.
Mayor /Chairman Daly. He thanked Kaufman & Broad for their confidence in
building this project in the downtown area. Staff indicates the model homes
should be completed in the Spring of 1995. He wished Kaufman & Broad luck for
a fast sell out of the 152 new homes. He also thanked staff for the usual
excellent work done on this very attractive project.
Agency Member Pickler offered Resolution No. ARA94 -21 for adoption. Refer to
Resolution Book.
RESOLUTION NO. ARA94 -21: A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY
APPROVING A FIRST AMENDMENT TO THE DISPOSITION AND DEVELOPMENT AGREEMENT BY
AND BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND KAUFMAN AND BROAD OF SOUTHERN
CALIFORNIA, INC. (For the development of 152 for -sale homes on a 20 -acre
Agency -owned site in Downtown Anaheim - site is bounded by Lincoln Avenue to
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Anaheim Civic Center, ANAHEIN REDEVELOPMENT AGENCY
NOVEMBER 15, 1994, 5 :00 P.M.
the north, Broadway to the south, the Atchison, Topeka and Santa Fe Railroad
right -of -way to the west, and East Street to the east.)
Roll Call Vote on Resolution No. ARA94 -21 for adoption:
AYES: AGENCY MEMBERS: Feldhaus, Simpson, Pickler, Daly
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: Hunter
The Chairman declared Resolution No. ARA94 -21 duly passed and adopted.
MOTION: Council /Agency Member Pickler moved to approve the Final Construction
Drawings, landscape plans, product finishes and color and material board for
the project. Council /Agency Member Simpson seconded the motion.
Council /Agency Member Hunter was absent. MOTION CARRIED.
MOTION: Council /Agency Member Daly moved making certain findings regarding
the Negative Declaration for such Agreement noting that implementation of the
agreement will not result in any significant environmental impacts beyond
those previously considered. Council /Agency Member Simpson seconded the
motion. Council /Agency Member Hunter was absent. MOTION CARRIED.
Council Member Daly offered Resolution No. 94R -267 for adoption. Refer to
Resolution Book.
RESOLUTION NO. 94R -267: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM CONSENTING TO APPROVAL OF A FIRST AMENDMENT TO THE DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND
KAUFMAN AND BROAD OF SOUTHERN CALIFORNIA, INC. (For the development of 152
for -sale homes on a 20 -acre Agency -owned site in Downtown Anaheim - site is
bounded by Lincoln Avenue to the north, Broadway to the south, the Atchison,
Topeka and Santa Fe Railroad right -of -way to the west, and East Street to the
east.)
Roll Call Vote on Resolution No. 94R -267 fo adoption:
AYES: COUNCIL MEMBERS: Feldhaus, Simpson, Pickler, Daly
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Hunter
The Mayor declared Resolution No. 94R -267 duly passed and adopted.
ADJOURNMENT: Agency Member Daly moved to adjourn the Redevelopment Agency
meeting. Agency Member Simpson seconded the motion. Agency Member Hunter was
absent. MOTION CARRIED. (6:10 p.m.)
LEONORA N. SOHL, SECRETARY
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