HomeMy WebLinkAboutMinutes - December 1, 1997 - RA0 0
CITY OF AZUSA
MINUTES OF THE REDEVELOPMENT AGENCY
REGULAR MEETING
MONDAY,
1, 1997 - 9:12 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 Madrid called the meeting to order.
ROLL CALL
PRESENT: DIRECTORS:
ABSENT: DIRECTORS:
ALSO PRESENT:
HARDISON, STANFORD, ROCHA, BEEBE,
MADRID
NONE
General Counsel Carvalho, Executive Director Garcia, City Department Heads, Deputy
City Clerk Toscano, City Clerk Solis.
Call to Order
Roll Call
Also Present
The CONSENT CALENDAR consisting of items V-A through V -H were approved by Consent Cal.
motion of Director Stanford, seconded by Director Rocha and unanimously carried. Approved
A. The Minutes of the regular meeting of November 17, and the regular adjourned Min approved
meeting of November 24, were approved as written.
B. Certificate of Completion for R.E. Blewett Companies, Inc. for Azusa Heritage, was Notice of Comp.
approved and its recordation was authorized. Staff completed its final review of the R.E. Blewett Co.
housing project including completion of the recent fence and wall improvements at the
rear of the property.
C. Notices of Completion for Azusa Heritage Fence and Wall Contractors were approved Notice of Comp.
and the Secretary was given authorization to record. Pursuant to bid specifications 97- Azusa Heritage
4, the contractors have completed all required improvements at Azusa Heritage and on Fence & Wall
the School District property.
D. The Agency has used up all of its current purchase orders as the Krems work required Amend P.O.
substantial job oversight. In addition, the Agency contemplates future acquisitions in SCS Engineers
the downtown that will require SCS expertise for site investigation. An amendment
to the Purchase Order with SCS Engineers was approved in the amount of $10,000.
E. SPECIAL CALL ITEM.
F. REMOVED FROM AGENDA, REFERRED TO 12/15 CLOSED SESSION
G. Investment Agreement with Morgan Guaranty Trust Company was approved. On
September 24, 1997, the Agency closed on a $6,470,000 refunding of the 1992 Tax
Allocation Bonds (the 1997 Tax Allocation Bonds). The Agency proposed to invest
the debt service reserve funds ($467,642) in an eligible investment agreement with
Morgan Guaranty Trust Co. of New York.
H. Two separate resolutions authorizing claims and demands were adopted and entitled:
Spec Call
Rmvd from agenda
Investment Agmt
w/Morgan
Guaranty Trust Co.
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. No. 97-1161
AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID OUT OF &97-R62
REDEVELOPMENT AGENCY FUNDS. Warrants
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SPECIAL CALL ITEMS
Director Hardison requested clarification on the Exclusive Right to Negotiate with Abell-
Helou Partnership for 619-621 North Azusa Avenue, specifically, explanation of the
proposals, what the exclusive agreement means and the cost.
Executive Director Garcia responded stating that the Smith family is proposing a one million
dollar cost to develop senior citizen housing on the second floor of the Talley building,
Abell-Helou is proposing a cost of $450,000 for a development company project and on the
ground floor a restaurant or cigar store is proposed in both proposals. He stated that the
major difference in the two is the amount of the subsidy they are requesting; since the
Agency budgeted $380,00 for the project, they cannot meet the requirements of the Smith
Trust. He reminded all that this is only a motion to negotiate exclusively. Discussion was
held between Directors and staff regarding the possibility of negotiating with both parties.
Director Hardison offered a Resolution entitled:
Hardison
questions
Exe Dir response
& Discussion
A RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY BOARD OF Res. 97-R60
DIRECTORS APPROVING AN EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT Exclusive
BETWEEN THE AGENCY AND ABELL-HELOU GENERAL PARTNERSHIP, FOR Negotiation
CERTAIN PROPERTY LOCATED AT 619-621 NORTH AZUSA AVENUE, AZUSA. Agmt w/Abell-
Helou
Moved by Director Hardison, seconded by Director Rocha to waive further reading and 619-621 Azusa
adopt. Resolution passed and adopted by the following vote of the Agency:
AYES: DIRECTORS: HARDISON, STANFORD, ROCHA, MADRID
NOES: DIRECTORS: BEEBE
ABSENT: DIRECTORS: NONE
Chairman Madrid voiced concern regarding the CC&R's for the Dearth Property located
Madrid concerns
at 850 West Foothill Boulevard, stating that the uses need to be more restrictive. After
Dearth property
additional discussion between Boardmembers, it was consensus that the item be referred to
referred to 12/15
the meeting of December 15, 1997, under the Closed Session portion of the Agenda.
mtg clsd sess
It was consensus of the Boardmembers to recess to the end of the Council meeting.
THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY CONVENED Cncl/CRA
JOINTLY TO RECESS TO CLOSED SESSION TO DISCUSS THE FOLLOWING. convene jointly
REAL PROPERTY NEGOTIATIONS (Gov Code Sec 54956.81, Cal Tech/County
Sanitation District/City, SW corner of First and Virginia and Monrovia Nursery, 18331 East
Foothill Boulevard.
CONFERENCE WITH LEGAL COUNSEL - POTENTIAL LITIGATION (Gov. Code
Sec. 54956.9) One Case.
RECESS: 9:30 P.M.
RECONVENED: 11:25 P.M.
General Counsel advised that there was no reportable action taken in Closed Session. No action
It was consensus of Boardmembers to adjourp. Adjourn
TIME
11:25
NEXT RESOLUTION NO. 97-R63.
NEXT ORDINANCE NO. 97-01.
12/01/97 PAGE TWO