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HomeMy WebLinkAboutMinutes - March 20, 1989 - RACITY OF AZUSA MINUTES OF THE REDEVELOPMENT AGENCY REGULAR MEETING MARCH 20, 1989 - 8:25 P.M. The Redevelopment Agency of the City of Azusa met in regular session at the above date and time in the Civic Auditorium. Chairman Moses called the meeting to order. ROLL CALL PRESENT: DIRECTORS: STEMRICH, NARANJO, LATTA, MOSES ABSENT : DIRECTORS: AVILA ALSO PRESENT General Counsel Thorson, Executive Director Fuentes, City Department Heads, Redevelopment Director Steel, Business Marketing/Public Information Officer Katchen-Gall, Secretary Solis, Deputy Secretary Lara. Call to order Roll Call Avila absent Also Present Moved by Chairman Moses, seconded by Director Latta and Avila excused unanimously carried by roll call* to excuse Director Avila from the meeting. THE CITY COUNCIL CONVENED JOINTLY WITH THE REDEVELOPMENT Convened AGENCY AT 8:25 P.M. jntly w/Cncl In conjunction with the redevelopment project area merger, Redevelopment all taxing agencies were consulted to ascertain fiscal Project Area impact. No agencies, except the County of Los Angeles, Merger required that an agreement be drafted to identify possible fiscal impact. The agreement must be considered by both the Agency and the Council prior to its presentation before the Los Angeles County Board of Supervisors. Director Latta offered a resolution entitled: A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. #558 AZUSA APPROVING THAT CERTAIN AGREEMENT ENTITLED "AN AGREE- appvng Agmt MENT FOR ALLOCATION OF TAX INCREMENT FUNDS" BETWEEN THE w/County re: REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, THE CITY OF allocation AZUSA, AND THE COUNTY OF LOS ANGELES. of tax incre- ment funds Moved by Director Latta, seconded by Director Stemrich to waive further reading and adopt. Resolution passed and adopted by the following vote of the Agency: AYES: DIRECTORS: STEMRICH, NARANJO, LATTA, MOSES NOES: DIRECTORS: NONE ABSENT: DIRECTORS: AVILA Councilman Stemrich offered a resolution entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA Res. #8595 APPROVING THAT CERTAIN AGREEMENT ENTITLED "AN AGREEMENT appvng Agmt FOR- ALLOCATION OF TAX INCREMENT FUNDS" BETWEEN THE w/County re: REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, THE CITY OF allocation AZUSA, AND THE COUNTY OF IAS ANGELES. of tax incre- ment funds i 0 Moved by Councilman Stemrich, seconded by Councilman Latta to waive further reading and adopt. Resolution passed and adopted by the following vote of the Council: AYES: NOES: ABSENT: . STEMRICH, NARANJO, LATTA, MOSES . NONE . AVILA The Mayor/Chairman was authorized to execute all necessary documents in conjunction with said agreement. An analysis performed by Management Services Institute, and the City's Master Plans for its sanitary sewer, storm drain, streets and highways, and water systems, concluded that sufficient funds do not exist with which to pay for immediate and long-term needs for the upgrading, repair and maintenance of these vital components of the City's infrastructure. It was recommended that the Council/Agency designate an underwriter to look into the feasibility of a bond issue for this purpose. The bonds would be issued by a financing authority and would be paid by revenue from various fees, charges and taxes of the City. It was then moved by Councilman/Director Latta, seconded by Councilman/Director Naranjo and unanimously carried by roll call* that consideration of a financing authority to issue bonds or certificates of participation to fund improvement projects to eliminate deficiencies, as stated, be approved and to authorize the execution of an agreement to provide underwriter's services with the firm of Chilton and O'Connor. Pose bond issue for City's in- frastructure Creation of a financing authority & agmt for un- derwriter Chilton & O'Connor City Attorney/General Counsel advised that the action taken Comments tonight was just the first step, authorizing staff to Cty Atty/ prepare the necessary documents and information, and that Genl Cnsl before any formal action is taken it would be returned to the Council/Agency for review. THE CITY COUNCIL RECESSED AND THE REDEVELOPMENT AGENCY Cncl recessed CONTINUED AT 8:31 P.M. CRA cont. The Minutes of the regular meeting of March 6, 1989, were Min appvd approved as written. The Agency has approved two downtown redevelopment projects Proposals for in the last year which involve numerous utility relocation utility re- issues. To ensure timely relocation of these facilities, it location svcs is necessary to employ an engineering consultant to identify downtown the affected utilities, develop relocation plans and projects coordinate with the utility companies. Five proposals were received. It was then moved by Director Latta, seconded by Director Jaykim Eng. Naranjo and unanimously carried by roll call* to approve the proposal proposal submitted by Jaykim Engineering for utility appvd relocation services, in an amount not to exceed $50,000.00. To initiate the acquisition of the Centennial Square site, appraisals are needed. A proposal was obtained from Donahue and Company for the real estate appraisal work, and Jeffrey Donahue and Associates has proposed to complete the fixtures and equipment appraisal. Both have completed work for the Agency in the past. It was then moved by Director Stemrich, seconded by Director Latta and unanimously carried by roll call* to approve proposal from Donahue and Company for real estate appraisal services in the amount of $20,000, and approve proposal of Jeffrey Donahue and Associates for fixture and equipment appraisal services in the amount of $8,600. 03/20/89 PAGE TWO Appraisals Centennial Square Donahue & Co. & Jeff. Donahue & Assoc appvd As part of the downtown revitalization program, the Agency Acquire seeks to acquire the property located at 619-621 N. Azusa propty @ Avenue. The negotiated purchase price is $180,000. This 619-621 price is below the appraised fair market value of the N. Azusa property established at $250,000. Ave. Moved by Director Naranjo, seconded by Director Stemrich and MOU appvd unanimously carried by roll call* to approve the Memorandum & friendly of Understanding in substantially the form presented and condemnation authorize the Agency to initiate friendly condemnation initiated action to acquire the property, for approximately $180,000. Moved by Director Latta, seconded by Director Naranjo and Agency Treas unanimously carried by roll call* to receive and file Agency Fin Stment Treasurer's Financial Statement showing a balance of $3,540,369.10, as of February 28, 1989. Director Latta offered a resolution authorizing payment of warrants by the Agency entitled: A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. # 559 AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID OUT OF Warrants REDEVELOPMENT AGENCY FUNDS. Moved by Director Latta, seconded by Director Stemrich to waive further reading and adopt. Resolution passed and adopted by the following vote of the Agency: AYES: DIRECTORS: STENRICH, NARANJO, LATTA, MOSES NOES: DIRECTORS: NONE ABSENT: DIRECTORS: AVILA PUBLIC PARTICIPATION NONE Pub Prtc Moved by Director Latta, seconded by Director Stemrich and Adj to 3/27 unanimously carried by roll call* to adjourn meeting to to meet w/ March 27, 1989, 7:30 P.M., in the Library Auditorium to meet Ping Comm with the Planning Commission. TIME OF ADJOURNMENT: 8:35 P.M. SECRETARY NEXT RESOLUTION NO. 560 Indicates Director Avila absent 03/20/89 PAGE THREE