ARA2007/08/21ANAHEIM REDEVELOPMENT AGENCY
REGULAR MEETING OF
AUGUST 21, 2007
The Anaheim Redevelopment Agency met in regular session in the Chambers of the 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
Nguyen.
A copy of the agenda for the meeting of the Anaheim Redevelopment Agency was posted on
August 17, 2007 on the kiosk outside City Hall.
At 5:18 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 and Housing Authority.
ADDITIONS/DELETIONS TO THE AGENDA: None
PUBLIC COMMENTS: No comments offered during the joint public comment session related
to the Redevelopment Agency agenda and at 7:05 P.M., Chairman Pringle suspended the
Agency session to allow-the City Council to consider the referendum concerning General Plan
Amendment No. 2006-00448, reconvening the Agency meeting at 7:50 P.M. for the following
consent items:
CONSENT CALENDAR: Agency Member Hernandez moved to approve the consent calendar,
seconded by Agency Member Kring. Roll Call vote: Ayes - 5; Chairman Pringle, Agency
Members: Galloway, Hernandez, Kring and Sidhu. Noes - 0. Motion Carried
1. Approve the selection of Stone and Youngberg as an underwriter for the proposed 2007
1547 Tax Increment Allocation Bonds and authorize the Agency's Executive Director to
proceed with the preparation of all necessary bond documents for Agency consideration.
2. Approve and authorize the Agency Executive Director to execute the Professional
4236.4 Service Agreement between the Redevelopment Agency and Consensys Property
Management, Inc., for property management services.
3. Authorize the Agency Executive Director to purchase the fabrication and installation of
ARA 161 signage for The Muzeo from SignTech, in the amount of $419,430, and approve the
design of the signage system.
4. Approve minutes of the Redevelopment Agency meeting held July 17, 2007.
ANAHEIM REDEVELOPMENT AGENCY MINUTES OF AUGUST 21, 2007
Page 2 of 2
REDEVELOPMENT AGENCY/CITY COUNCIL JOINT PUBLIC HEARING:
5. This is a joint public hearing to consider a Disposition and Development Agreement with
4758 Trucor, Inc. for the Lemon and Water Phase III Project.
RESOLUTION NO. ARA2007-009 RESOLUTION OF THE GOVERNING
BOARD OF THE ANAHEIM REDEVELOPMENT AGENCY approving a Disposition and
Development Agreement with Trucor, Inc., the Basic Concept Plan, and making certain
findings in connection therewith.
Elisa Stipkovich, Community Development Director, reported the Lemon and Water Phase III
project continued the restoration of historically significant single family homes that would have
been demolished but were relocated to Agency-owned land. Ten homes were moved onto five
parcels and under the terms of the proposed disposition and development agreement with
Trucor, Inc., the Agency would sell the homes and the land to the for restoration and sale at
market rate prices.
She indicated that the fair re-use value of the land was determined to be $554,000; however the
developer's purchase price would be $551,169 based on the various conditions placed on the
developer to restore all of the ten structures in accordance with a concept plan that was also
approved. The cost to the Agency for this project, she explained, was for acquisition and
relocation of all the units, for a total of $830,000. She added with the land sale proceeds and
tax increment, the Agency would receive $779,000 resulting in a net loss of about $51,000. She
also commented there was a provision in the agreement that if the developer received more
than $3,597,000 for all properties sold, the City would receive any proceeds above that level
with a 50/50 split so there was a chance to receive additional revenues. Staff recommended
approval of this item.
Chairman Pringle opened the hearing and receiving no testimony, closed the hearing.
Agency Member Sidhu moved to approve Resolution No. ARA2007-009 of the Anaheim
Redevelopment Agency approving a Disposition and Development Agreement with Trucor, Inc.,
the Basic Concept Plan and making certain findings, seconded by Agency Member Kring. 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 7:56 P.M.
Resp tf Ily submitted,
inda Nguyen
Secretary, Anaheim evelopment Agency