RA1997/03/18ANAHEIM CIVIC CENTER, ANAHEIM REDEVELOPMENT AGENCY
MARCH 18, 1997
PRESENT:AGENCY MEMBERS: Shirley McCracken, Tom Tait, Bob Zemel, Lou Lopez, Tom Daly
ABSENT:AGENCY MEMBERS: None
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
9:35 a.m. on March 14, 1997 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 6:05 p.m.
FINANCIAL DEMANDS AGAINST THE ANAHEIM REDEVELOPMENT AGENCY
in the amount of
$141,025.56 for the period ending March 14, 1997, in accordance with the 1996-97 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.
CONSENT CALENDAR ITEMS 1 - 4:
On motion by Chairman Daly, seconded by Agency Member
Zemel, the following actions were authorized in accordance with the reports and recommendations
furnished each Agency Member and as listed on the Consent Calendar Agenda.
1.123: Approving an Owner Participation Agreement with Westcoast Performance Products USA,
Inc., and authorizing the Executive Director to execute the Agreement and to take necessary
actions to implement said Agreement.
2.123: Approving the terms and conditions of the First Amendment to the Disposition and
Development Agreement between the Anaheim Redevelopment Agency, the City of Anaheim
and Disc Manufacturing, Inc., for the assignment of agreement to Cinram, Ltd., and for an early
termination fee.
Lisa Stipkovich, Executive Director of Community Development. The two foregoing items (Agency 1 and
2) relate to Anaheim business programs. Last year, they gave out awards to members of the business
community for staying or coming into Anaheim. Two of the companies are expanding -- Westcoast
Performance, Mr. Bob Zantos, and Disc Manufacturing, Inc., Mr. Tom Brown. Both of these gentlemen
are in the Chamber audience and she wanted to acknowledge and thank them for being present this
evening.
Before the close of the Agency meeting, and after Items 1 and 2 had been approved, Chairman Daly
also thanked the gentlemen from their respective companies for attending the meeting and
acknowledged and expressed appreciation for the partnership entered into. He wished them the best on
the expansion of their businesses.
3.137: RESOLUTION NO. ARA97-1: A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY AUTHORIZING THE BORROWING OF FUNDS FROM THE ANAHEIM PUBLIC
FINANCING AUTHORITY IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED
$33,000,000 RELATING TO REDEVELOPMENT PROJECT ALPHA TO REFINANCE PRIOR
OBLIGATIONS OF THE AGENCY, AUTHORIZING AND DIRECTING EXECUTION OF A
RELATED LOAN AGREEMENT, APPROVING SALE OF BONDS BY THE AUTHORITY, AND
AUTHORIZING OFFICIAL ACTIONS.
Agency Member Zemel. On this item, he has not had an opportunity to go through the exact numbers.
Relative to the refinancing of the $33 million portion, Series A, he asked if a complete analysis had been
done with regard to the amount of interest that would be paid by lengthening the term.
Lisa Stipkovich. They did that analysis which indicated with a net present value and even without
extending the term, there was a savings of $435,000 on the portion that was the Redevelopment general
debt. It is even larger adding in the Housing portion which was a significant savings because of changing
to tax exempt vs. taxable. She believes it amounted to about one million dollars. The other piece was a
bigger savings. With the larger refinancing, they were able to fold it in and do it as a tax exempt.
4.123: Approving a First Amendment to the Disposition and Development/Owner Participation
Agreement (DDA/OPA) with the U.S. Postal Service; and approving the Second Amendment to
Lease and Limited Option to Purchase (411 W. Broadway Parking Structure) with Arden Realty.
END OF CONSENT CALENDAR. MOTION CARRIED. Resolution No. ARA97-1 adopted, all ayes.
5.161: REPORT: Parking Downtown Community Center (requested at meeting of March 11,
1997).
Submitted was report dated March 14, 1997 from Lisa Stipkovich, Executive Director of Community
Development.
Agency Member Lopez. He explained that he had some concerns relative to parking when the
Community Center and the other facilities are built on Center and Philadelphia Streets. (See minutes of
March 11, 1997 where the matter was discussed). He and Agency Member McCracken met with staff
this afternoon and all their questions were answered.
Lisa Stipkovich. Staff will be coming back to the Agency with a proposal to provide some interim
parking.
Mr. Lopez. He wanted to clarify for the audience that relative to the parking situation, he feels there will
be great participation by the citizens and kids in the downtown area when the Community Center is built.
He wants to make sure there is adequate parking for everyone coming to the downtown area and that is
the reason staff was requested to look further into the matter.
Chairman Daly. Staff will be bringing back proposed arrangements for additional parking.
ADJOURNMENT: Chairman Daly moved to adjourn, Agency Member Lopez seconded the motion.
MOTION CARRIED. (6:11 p.m.)
LEONORA N. SOHL
SECRETARY