RA1981/06/1681 -58
ANAHEIM REDEVELOPMENT AGENCY
June 16, 1981, 1:00 P.M.
Council Chambers
Anaheim Civic Center
PRESENT: AGENCY MEMBERS: Overholt, Kaywood, Bay and Seymour
ABSENT: AGENCY MEMBERS: Roth
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 Redevelop-
ment Agency to order at 1:17 P.M.
MINUTES On motion by Mrs. Kaywood, seconded by Mr. Bay, minutes of
the Anaheim Redevelopment Agency regular meeting held June 2, 1981,
were approved. Mr. Roth was absent. Mr. Seymour abstained. MOTION
CARRIED.
FINANCIAL DEMANDS AGAINST THE ANAHEIM REDEVELOPMENT AGENCY in the amount
of $564.01, in accordance with the 1980 -81 Budget, were approved.
161.123: AGREEMENT WITH THE CITY OF ANAHEIM - PARKING REQUIREMENTS
FOR NEW DEVELOPMENT Executive Director Norman J. Priest reported
briefly on proposed agreement with the City of Anaheim to allow the
Agency to reimburse one -half of the cost to the City for a Parking
Requirement Study for new developments with overlapping and multiple -
structure uses and downsized automobiles. He noted that the
majority of new developments for which parking facilities would be
studied would be located in Downtown Redevelopment Project Alpha.
On motion by Mr. Bay, seconded by Mrs. Kaywood, the proposed agreement
with the City of Anaheim to reimburse one -half of the cost for the
Parking Requirements Study, cost not to exceed $13,410, was authorized
as recommended by the Executive Director. Mr. Roth was absent. MOTION
CARRIED.
161: PUBLIC HEARING - MARKS HISTORICAL REHABILITATION FINANCING
PROGRAM FOR RESTORATION OF THE OLD EL CAMINO BUILDING Public
Hearing was held to discuss the Marks Historical Rehabilitation
Financing Program for restoration of the former El Camino Building,
as approved by the Agency on May 5, 1981. Mr. Priest briefly reported
on a proposed resolution to appoint the necessary Citizen Advisory
Board which would review and make recommendations regarding program
guidelines and criteria. It was recommended that Don Lee, owner of
Jackson's Drug, be appointed to the Board to fulfill the requirement
that a tenant of an old building in the Downtown area be included on
the Board.
81 -59
ANAHEIM REDEVELOPMENT AGENCY, JUNE 16, 1981, 1:00 P.M.
Upon invitation by Chairman Seymour, Mr. David Casnocha, representing
Wilson, Morton, Assaf & McElligott, Special Counsel to the Agency for
Historic Rehabilitation Bonds, briefly reported that the El Camino
Building would be approximately the fourth structure in the State of
California to be rehabilitated under the Marks Historical Rehabilitation
Financing Program. He outlined requirements of this type of mort-
gage funding, such as the finding that the project would be viable,
and that the existing structure is qualified under the Marks Historical
Rehabilitation Act of 1976 as amended, and that ninety percent of the
loan proceeds be used for "hard" rehabilitation costs. He pointed out
that the loan would be paid out of revenue from leases to the property
owner. There would be no liability on the part of the Agency,nor its
Members, and Mr. Casnocha noted that two public hearings were required,
in addition to the adoption of the rehabilitation financing plan
approximately six weeks from today, after a meeting of the Citizen
Advisory Board.
In response to question by Chairman Seymour, Mr. Casnocha advised that
the differential in rates under this type of loan would be 60 to 65%
of the prime..rate, plus 1 %.
In response to a question by Mr. Bay, Mr. Harold Graham, the proposed pur-
chaser of the property, advised that the economic feasibility of the
--- project was the major factor in the Marks Historical Rehabilitation
Financing Program guidelines for restoration of structures.
Mr. Bay pointed out that the criteria of the State Historic Commission
ignored economic feasibility and concentrated on other factors. It was
his concern that if the E1 Camino Building met the criteria and was
going to establish the criteria for future similar loans, there is a
question as to whether that particular structure should be utilized in
that manner.
Mr. Priest recalled the names of the Citizen Advisory Board Members
and pointed out that the project under consideration was a continuation
of a process commenced some time ago. The Committee was in the process
of reviewing a number of historic structures for possible rehabilitation.,
depending upon their historic value, which would be determined after staff
recommendations were received on the merits of the various structures for
preservation and rehabilitation financing. After such consideration, the
Committee would make recommendation to the Redevelopment Agency.
Chairman Seymour asked if anyone wished to address the Agency on the issue
under consideration; there being no response, he declared the public hearing
closed.
In accordance with recommendations by the Executive Director, Mr. Seymour
offered Resolution No. ARA81 -15 for adoption, appointing the Anaheim
Historic_ Presdrvation Review Committee as the Citizen Advisory Board for
the Agency's Historical Rehabilitation Financing Program, and naming
Mr. Don Lee as a member of the Board. Refer to Resolution Book.
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ANAHEIM REDEVELOPMENT AGENCY, JUNE 16, 1981, 1:00 P.M.
RESOLUTION NO. ARA81 -15 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPOINTING A CITIZEN ADVISORY BOARD.
Roll Call Vote:
AYES: AGENCY MEMBERS: Overholt, Kaywood, Bay and Seymour
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: Roth
Chairman Seymour declared Resolution No. ARA81 -15 duly passed and
adopted.
ADJOURNMENT There being no further business to come before the Anaheim
Redevelopment Agency, Mrs. Kaywood moved to adjourn. Mr. Bay seconded
the motion. Mr. Roth was absent. MOTION CARRIED.
ADJOURNED: 7_:35 p.m.
LINDA D. ROBERTS, SECRETARY