The URL can be used to link to this page

Home My WebLink AboutMinutes - March 21, 1994 - RACITY OF AZUSA MINUTES OF THE REDEVELOPMENT AGENCY REGULAR MEETING MARCH 21, 1994 - 7:35 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. PRESENT: DIRECTORS: ABSENT: DIRECTORS: DANGLEIS, MADRID, NARANJO, ALEXANDER, MOSES NONE Acting Interim General Counsel Barnes, Executive Director Garcia, Redevelopment Director Cervantes, Redevelopment Project Manager Forintos, Department Heads, Secretary Solis, Deputy Secretary Toscano. THE CITY COUNCIL CONVENED JOINTLY WITH THE REDEVELOPMENT AGENCY AT: 7:35 P.M. Call to order Roll Call Also present JOINT PUBLIC HEARING - On proposed financial assistance of certain real Jnt Pub Hrg property at 449 North Soldano. (Peregrinos de Emaus) Peregrinos The Mayor/Chairman declared the Hearing open. The City Clerk/Secretary Hrg open read the affidavit of proof of publication of notice of said Hearing published in the San Gabriel Valley Tribune on March 7th and 10th, 1994. Redevelopment Director Cervantes addressed the Hearing stating that per Dir CRA action taken by Council/Boardmembers at the March 7, 1994, meeting to comments support the Peregrinos de Emaus, and have agreed to provide the $88,000 to pay off the principal balance of the First Deed of Trust, the Agency will take title to the subject property and then enter into a long term lease with Peregrinos. He outlined the Agency's responsibility to provide a fence surrounding the property while it is in a vacant state. He also outlined the Peregrinos' responsibility to secure financing within one year by submitting a grant application and indemnifying the Agency as well as other responsibilities. Moved by Councilman/Director Naranjo, seconded by Councilman/Director Hrg clsd Alexander and unanimously carried by roll call to close the Hearing. Mayor/Chairman Moses offered a Joint Resolution entitled: A JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA AND THE REDEVELOPMENT AGENCY BOARD APPROVING THE SALE AND LEASEBACK OF REAL PROPERTY PURSUANT TO THAT CERTAIN PURCHASE AGREEMENT AND LEASE AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA AND PEREGRINOS DE EMAUS FOR THE DEVELOPMENT OF A HOMELESS SHELTER. Moved by Mayor/Chairman Moses seconded by Councilman/Director Naranjo to waive further reading and adopt. Resolution passed and adopted by the following vote of the Council/Agency: AYES: COUNCILMEMBERS/DIRECTORS: NARANJO, ALEXANDER, MOSES NOES: COUNCILMEMBERS/DIRECTORS: DANGLEIS, MADRID ABSENT: COUNCILMEMBERS/DIRECTORS: NONE Chairman Moses offered a Resolution entitled: Res. 94-C42 & Res. 94-R 13, appvg Sale & Leaseback of Real Prop. & Lease Agmnt w/Peregrinos A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT Res 94-R14 AGENCY OF THE CITY OF AZUSA APPROVING APPROPRIATION Appropriations AMENDMENTS FOR FISCAL YEAR 1993-94 PURSUANT TO SECTION Amendments 3.04.050 OF THE AZUSA MUNICIPAL CODE. Moved by Chairman Moses, seconded by Director Naranjo to waive further reading and adopt. Resolution passed and adopted by the following vote of the Agency: AYES: DIRECTORS: NARANJO, ALEXANDER, MOSES NOES: DIRECTORS: DANGLEIS, MADRID ABSENT: DIRECTORS: NONE THE REDEVELOPMENT AGENCY RECESSED AND THE COUNCIL CRA recessed CONTINUED AT 7:52 P.M. THE CITY COUNCIL CONVENED JOINTLY WITH THE REDEVELOPMENT Cncl/CRA AGENCY AT 8:17 P.M. convened JOINT PUBLIC HEARING - on a proposed sale of certain real property at Jnt Pub Hrg 600 North Cerritos Avenue. Balboa Site The Mayor/Chairman declared the hearing open. The City Clerk/Secretary Hrg open read the affidavit of proof of publication of notice of said Hearing published in the Azusa Herald on March 3, and 10, 1994. Moved by Councilwoman/Director Madrid, seconded by Hrg continued Councilman/Director Dangleis and carried by roll call to continue the Joint to April 18, Public Hearing until April 18, 1994, meeting. Councilman/Director 1994 meeting Alexander dissenting. JOINT PUBLIC HEARING - on a proposed Owner Participation Agreement Jnt Pub Hrg with West Venture for property in the Ranch Center Redevelopment Project. OPA Ranch Center Project The Mayor/Chairman declared the Hearing open. The City Clerk/Secretary read the affidavit of proof of publication of notice of said Hearing published Hrg open in the Azusa Herald on March 3, and 10, 1994. 03/ 21/94 PAGE TWO Redevelopment Director Cervantes addressed the Hearing stating West Venture, owner of the Azusa Promenade retail center located at the southeast corner of Citrus and Alosta Avenues, is proposing to redesign the center by rehabilitating the old Security Pacific National Bank building, demolishing the Petco building and expanding existing retail space. he advised that the developers are proposing the construction of a 15,420 square foot anchor store and an additional 6,000 square feet of retail and restaurant space. The proposal will create approximately 50 to 55 full-time jobs plus an additional 50 seasonal part time -jobs, with an effort to be filled by Azusa residents. Further, the proposal will generate approximately $40,000 in sales tax per year and will move the center from being approximately 66% leased to 100% leased. Mr. Cervantes addressed the proposed Owner Participation Agreement between the City and West Venture and Agency obligations which consists provides $485,000 in the form of a deferred loan for a maximum period of 30 years at an interest rate of 6%. The loan will not be funded until the Developer provides the Agency with an executed lease agreement with a national anchor tenant for a minimum of a ten year term. He further addressed Developer obligations, Project costs and benefits and the budget impact. Dir CRA comments Delete inc CRA Dir Add'I comments Lengthy discussion ensued between Councilmembers and staff regarding Discussion the history of the center, and the economic benefits of the current proposal to the community and City. Mr. Sandy Segal of West Venture Development Company addressed S. Segal Council/Directors providing a brief history of the Promenade Shopping West Venture Center and advised of the many benefits that would occur within the center if the proposed Owner Participation Agreement is approved. Mr Art Morales addressed Council/Directors in favor of the Owner A. Morales Participation Agreement with West Venture. comments Mr Ted Garcia addressed Council/Directors in favor of the Owner T. Garcia Participation Agreement with West Venture. comments Director of Community Services Guarrera addressed Council/Directors in J. Guarrera favor of the issue and also advised of the cooperation West Venture has comments always given to the City. Moved by Councilman/Director Naranjo, seconded by Councilman/Director Hrg clad Dangleis and unanimously carried by roll call to close the Hearing. Mayor Moses offered a Resolution entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA Res 94-C48 APPROVING THE REDEVELOPMENT LOAN BY THE REDEVELOPMENT Appv OPA AGENCY OF THE CITY OF AZUSA PURSUANT TO THAT CERTAIN OWNER w/West PARTICIPATION AGREEMENT BY AND BETWEEN THE REDEVELOPMENT Venture AGENCY OF THE CITY OF AZUSA AND WEST VENTURE DEVELOPMENT COMPANY. Moved by Mayor Moses, seconded by Councilman Naranjo to waive further reading and adopt. Resolution passed and adopted by the following vote of the Council: AYES: COUNCILMEMBERS: DANGLEIS, MADRID, NARANJO, MOSES NOES: COUNCILMEMBERS: ALEXANDER ABSENT: COUNCILMEMBERS: NONE 03/21/94 PAGE THREE Chairman Moses offered a Resolution entitled: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA PURSUANT TO THAT CERTAIN OWNER PARTICIPATION AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA AND WEST VENTURE DEVELOPMENT COMPANY.Moved by Chairman Moses, seconded by Director Naranjo to waive further reading and adopt. Resolution passed and adopted by the following vote of the Agency: AYES: DIRECTORS: DANGLEIS, MADRID, NARANJO, MOSES NOES: DIRECTORS: ALEXANDER ABSENT: DIRECTORS: NONE THE CITY COUNCIL RECESSED AND THE REDEVELOPMENT AGENCY CONTINUED AT 8:36 P.M. Res 94-R15 Appvg OPA w/West Venture The CONSENT CALENDAR consisting of Items I -4a through I -4b, was Cons Cal approved by motion of Director Madrid, seconded by Director Dangleis, and apvd carried by roll call, Director Alexander abstaining. a. The minutes of the regular meeting of March 7, 1994, were approved Min apvd as written. b. A resolution authorizing payment of warrants by the Agency was adopted and entitled: A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Reso #94-R16 AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID Warrants OUT OF REDEVELOPMENT AGENCY FUNDS. SCHEDULED ITEMS Schad Itms NONE None Moved by Director Madrid, seconded by Director Naranjo and unanimously Adjourn carried by roll call to adjourn the Redevelopment Agency. TIME OF ADJOURNMENT: 8:47 P.M. Next Resolution: 94-R17 Next Ordinance: 94-01 03/21/94 PAGE FOUR