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RA1980/08/05SI • , ANAHEIM REDEVELOPMENT AGENCY AUGUST 5, 1980, 1:00 P.M. Council Chamber Anaheim City Hall PRESENT: AGENCY MEMBERS: Overholt, Kaywood, Bay, Roth and Seymour ABSENT: AGENCY MEMBERS: None PRESENT: CITY MANAGER: William 0, Talley CITY ATTORNEY: William P. Hopkins SECRETARY: Linda D. Roberts EXECUTIVE DIRECTOR: Norman J. Priest Chairman Seymour called the regular meeting of the Anaheim Redevelopment Agency to order at 1:15 P.M. MINUTES On motion by Mr. Roth, seconded by Mrs. Kaywood, minutes of the Anaheim Redevelopment Agency regular meeting held July 22, 1980, were approved, Mr. Seymour abstained. MOTION CARRIED. FINANCIAL DEMANDS AGAINST THE ANAHEIM REDEVELOPMENT AGENCY in the amount of $590,683.27, in accordance with the 1980 -81 Budget, were approved. 161.107: FINAL ACCEPTANCE DEMOLITION AND SITE CLEARANCE - CONTRACT NO. D79 -8 : In accordance with the certificate filed by the Executive Director, Mrs, Kaywood offered Resolution No, ARA80 -25 for adoption. Refer to Resolution Book. RESOLUTION NO, ARA80 -25 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY ACCEPTING THE COMPLETION AND FURNISHING OF ALL PLANT, LABOR, SERVICES, MATERIALS AND EQUIPMENT AND ALL UTILITIES AND TRANSPORTATION INCLUDING POWER, FUEL AND WATER, AND THE PERFORMANCE OF ALL WORK NECESSARY TO COMPLETE A WORK OF IMPROVEMENT. Contract No, D79 -8. (Silveri & Ruiz Construction Company) Roll Call Vote: AYES: AGENCY MEMBERS: Overholt, Kaywood, Bay, Roth and Seymour NOES: AGENCY MEMBERS: None ABSENT: AGENCY MEMBERS: None Chairman Seymour declared Resolution No, ARA80 -25 duly passed and adopted. 161,158: RELOCATION CLAIMS AGAINST THE CITY: No relocation claims pending over a ninety -day period were reported. .�. RECESS On motion by Mrs. Kaywood, seconded by Mr. Overholt, the Anaheim Redevelopment Agency recessed to 3:00 P.M. for a joint meeting with the Anaheim City Council. MOTION CARRIED. (1:17 P.M.) 80 -64 ANAHEIM REDEVELOPMENT AGENCY, AUGUST 5. 1980 1 P.M. ANAHEIM REDEVELOPMENT AGENCY - RECONVENED Chairman Seymour called the Anaheim Redevelopment Agency to order at 4:24 P.M. for the purpose of conducting a joint public hearing with the City Council to consider an agreement for a proposed development within Redevelopment Project Alpha. All Agency Members present. 161.123: DISPOSITION AND DEVELOPMENT AGREEMENT - KING OF CALIFORNIA INC.: Proposed Disposition and Development Agreement and Parking Lease with King of California, Inc., for the construction and operation of a 2,000 -seat proscenium -arch commercial theatre, to be located on a parcel of land bounded by Claudina, Philadelphia and Broadway Streets, and the Civic Center. Executive Director Norman Priest reported on Disposition and Development Agreement for the construction and operation of the proposed theatre, and a Parking Lease between the City and Leo Freedman, dba King of California, Inc., for theatre parking, both of which had been executed by Mr. Freedman. He briefly outlined terms of the proposed agreement, noting that the con- struction cost, exclusive of land acquisition and landscaping costs, would be not less than six million dollars. Purchase price for conveyance of the 57,281- square foot site would be $520,000, which would be evidenced by a Promissory Note and secured by a trust deed on the property, with construction and long -term permanent financing to be approved by the Redevelopment Agency. The Promissory Note would require that the developer pay principal and interest at 1% above the Bank of America's prime rate, determined annually over a twenty -five year term, which would allow the Agency to recover all costs of acquisition, relocation, and site clearance, and administrative costs. Also noted was that the location of the theatre would allow the off -hour use of 650 spaces in the City's parking structure. Mayor /Chairman Seymour asked if there were any questions of the staff. Councilman / Agency Member Bay questioned the parking charges, noting a statement in the proposed lease that said charges shall be reasonable, to be approved by the City Council at the time the charges are established. Mr. Priest concurred, noting that any future modification of the fees would also require approval. Mr. Leo Freedman, 468 S. Roxbury Drive, Beverly Hills, California, addressed the City Council /Redevelopment Agency advising that the parking fees would correspond with fees charged for similar facility parking. Councilman /Agency Member Roth questioned when construction would commence, should the theatre proposal be approved, and what quality of productions could be anticipated, Mr. Freedman advised that construction could be expected to commence MOW within 120 -180 days. He advised that he had been working closely with the Schubert Theatre organization, and introduced Mr. Ed Parkinson, General Manager of the Schubert Theatre, who was present as an observer. ANAHEIM REDEVE LOPMENT AGENCY. AUGUST 5. 1980. 1:00 P.M. Responding to further questions by Councilman /Agency Member Roth, Mr. Freedman advised that the theatre would be completed within one year from the commencement of construction. He complimented the Redevelopment staff on their professional assistance. In reply to additional questions, Mr. Freedman stated that he would bring top entertainment to Anaheim; that a cocktail lounge was included in the theatre plans; and he expressed the opinion that the area in question needed additional restaurant facilities. He could not foresee a satis- factory method of utilization by local theatre groups of areas within the proposed theatre for rehearsal purposes. Mayor /Chairman Seymour asked if anyone wished to address the City Council/ Redevelopment Agency. Mr. Newbury, 2058 June Place, Anaheim, asked if the question of parking during week -day matinees had been considered. Mr. Priest advised that this question had been considered, and it was doubtful as to whether there would be any mid -week matinees, as this practice had been generally discontinued by most theatres. Mayor /Chairman Seymour asked whether anyone else wished to address the City Council; there being no response, he declared the public hearing closed. Councilman /Agency Member Roth offered the necessary resolutions authorizing execution and implementation of the Disposition and Development Agreement and the Parking Lease. On behalf of the citizens of Anaheim, Mayor /Chairman Seymour stated that the City was proud to have King of California as a part of the Redevelop- ment Project; the theatre would bring something to Anaheim and Orange County that had been missing; the development would give the downtown area a re- birth. He called attention to the fact that while others are seeking methods of constructing public buildings for these types of activities, Anaheim is turning to the private sector and accomplishing the goal. Councilman /Agency Member Bay complimented the Redevelopment staff on working out a program for "front -end" financing at a fair market value. Council /Agency Members Kaywood and Overholt expressed their delight that this first step towards a quality theatre was being taken. Resolutions offered by Councilman /Agency Member Roth were re- stated. Refer to Resolution Book. RESOLUTION NO. ARA80 -26 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY °-° MAKING ENVIRONMENTAL FINDINGS NECESSARY FOR THE PROPOSED DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND KING OF CALIFORNIA, INC. FOR THE SALE AND DEVELOPMENT OF CERTAIN REAL PROPERTY. ANAHEIM REDEVELOPMENT AGENCY, AUGUST 5, 1980 1:00 P.M RESOLUTION NO. ARA80 -27 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY MAKING CERTAIN FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE RECEIVED BY THE ANAHEIM REDEVELOPMENT AGENCY PURSUANT TO A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND KING OF CALIFORNIA, INC. FOR THE SALE AND DEVELOPMENT OF CERTAIN REAL PROPERTY; APPROVING THE PROPOSED SALE OF SAID REAL PROPERTY AND THE DISPOSITION AND DEVELOPMENT AGREEMENT PERTAINING THERETO; AND AUTHORIZING THE EXECUTION AND IMPLEMENTATION OF SAID DISPOSITION AND DEVELOPMENT AGREEMENT. RESOLUTION N0. 80R -345 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM MAKING ENVIRONMENTAL FINDINGS NECESSARY FOR THE PROPOSED DISPOSI- TION AND DEVELOPMENT AGREEMENT BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND KING OF CALIFORNIA, INC. FOR THE SALE AND DEVELOPMENT OF THAT CERTAIN REAL PROPERTY IN REDEVELOPMENT PROJECT ALPHA. RESOLUTION NO. 80R -346 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM MAKING CERTAIN FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE RECEIVED BY THE ANAHEIM REDEVELOPMENT AGENCY PURSUANT TO A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND KING OF CALIFORNIA, INC. FOR THE SALE AND DEVELOPMENT OF CERTAIN REAL PROPERTY; CONSENTING TO THE PROVISION OF CERTAIN PUBLIC IMPROVEMENTS BY THE AGENCY; AND APPROVING THE DISPOSITION AND DEVELOPMENT AGREEMENT PERTAINING THERETO, Roll Call Vote: AYES: AGENCY /COUNCIL MEMBERS: Overholt, Kaywood, Bay, Roth and Seymour. NOES: AGENCY /COUNCIL MEMBERS: None ABSENT: AGENCY /COUNCIL MEMBERS: None Chairman /Mayor Seymour declared Resolution Nos. ARA80 -26 and ARA80 -27, 80R -345 and 80R -346, duly passed and adopted. ADJOURNMENT There being no further Redevelopment Agency, Mr. Bay moved the motion. MOTION CARRIED. business to come before the Anaheim to adjourn. Mrs. Kaywood seconded ADJOURNED: 4:45 P.M. LIN 1 D. ROBERTS,