HomeMy WebLinkAboutMinutes - June 3, 1991 - RA6 i
CITY OF AZUSA
MINUTES OF THE REDEVELOPMENT AGENCY
REGULAR MEETING
JUNE 3# 1991 - 11:05 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: DANGLEIS, STEMRICH, NARANJO,
ALEXANDER, MOSES
ABSENT DIRECTORS: NONE
ALSO PRESENT
General Counsel Thorson, Executive Director Caswell,
Redevelopment Director Steel, City Department Heads,
Secretary Solis, Administrative Clerk Sifuentes.
DIRECTOR STEMRICH WAS EXCUSED FROM THE MEETING AT 11:05
P.M.
PUBLIC PARTICIPATION
NONE
Call to order
Roll Call
Also Present
Stemrich
excused
Pub Prtc
None
The CONSENT CALENDAR consisting of Items H -2a through H -2c, Cons Cal
was approved by motion of Director Dangleis, seconded by appvd, H -2b
Director Alexander, and unanimously carried by roll call Spec Call
vote*, with the exception of Item H -2b which was considered
under the Special Call portion of the Agenda.
a. The Minutes of the regular meeting of
1991, were approved as written.
b.
c
SPECIAL CALL ITEM
May 20, Min appvd
Two separate resolutions authorizing payment of
warrants by the Agency were adopted and entitled:
Spec Call
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. #s91 -R28
AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID OUT & 91-R29
OF REDEVELOPMENT AGENCY FUNDS. Warrants
SCHEDULED ITEMS Sched. Items
NONE None
SPECIAL CALL ITEMS Spec Call
On June 28, 1990, Casden Properties acquired the 5.4 acre Repurchase
site at the northwest corner of Foothill and San Gabriel of Casden
from the Agency. They acquired the site prior to the Agency propty
receiving tank closure on the former Exxon site. Casden
contends that the presence of soils contamination has
impaired their abiity to obtain construction financing.
0 6
With direction from the Board to repurchase the site, staff
commenced negotiations with Casden and has reached a
compromise of $2,325,000 plus interest from date of
conveyance. The total, assuming a June 30, 1991 closing,
will be $2,567,126. The repurchase will be funded by a land
loan from the Light Fund and will be repaid with interest
upon resale of the parcel.
Mr. Art West had some questions on this issue relating to Comments
interest charged and Federal funding, if applicable, and his A. West
questions were responded to by staff, and Board members. He
then questioned the purpose of repurchasing the property.
He felt that Casden should be made to uphold the agreement
and build apartments as originally planned. He had no
objections to the apartments.
Moved by Chairman Moses, seconded by Director Alexander that Repurchase
the property be repurchased from Casden. Motion failed with propty
Directors Dangleis and Naranjo dissenting and Director (failed)
Stemrich absent.
It was consensus of the Board to continue this item and that
it be put on the Agenda for the meeting of June 17th.
Moved by Director Alexander, seconded by Chairman Moses and
carried by roll call* to adjourn the meeting.
TIME OF ADJOURNMENT: 11:15 P.M.
NEXT RESOLUTION NO. 91-R30
Indicates Director Stemrich absent
06/03/91 PAGE TWO
Cont to
6/17 mtg
Adjourn