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HomeMy WebLinkAboutMinutes - October 18, 1999 - RACITY OF AZUSA MINUTES OF THE REDEVELOPMENT AGENCY REGULAR MEETING MONDAY, OCTOBER 18, 1999 - 8:37 P.M. The Redevelopment Agency of the City of Azusa met in regular session at the above date and time in the Civic Auditorium. Mayor Madrid called the meeting to order. ROLL CALL PRESENT: DIRECTORS: HARDISON, STANFORD, ROCHA, BEEBE, MADRID ABSENT: DIRECTORS: NONE ALSO PRESENT: Executive Director Cole, General Counsel Carvalho, City Department Heads, Redevelopment/Economic Development Director Andrews, Secretary Solis, Deputy Secretary Toscano. Call to Order Roll Call Also Present THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY CONVENED Cncl/CRA convene JOINTLY TO CONDUCT THE FOLLOWING PUBLIC HEARING. jointly Moved by Councilmember/Director Beebe, seconded by Councilmember/Director Min approved Hardison and unanimously carried that the Minutes of the regular meeting of October 4, 1999, be approved as written. JOINT PUBLIC HEARING - to consider the approval of a Disposition and Jnt Pub Hrg Development Agreement between the Agency and Azusa Pacific University which DDA-APU provides for the sale of certain real property located at 575-647 E. Foothill Boulevard. Krems Prop. Councilmember/Director Stanford left the dais and abstained from participation in the Stanford Public Hearing due to a Conflict of Interest: a source of income from APU. abstained Redevelopment Director Andrews addressed the Public Hearing, providing a brief Dir CRA history on the property, site characteristics, Agency acquisition, Market Value comments Appraisal, Reuse Analysis and Appraisal/Section 33433 Valuation Report, Purpose of the Disposition and Development Agreement, Conveyance of the Property and Scope of Development/Schedule of Performance. He noted major points of the DDA as follows: Azusa Pacific University will pay a purchase price of $4,924,710.00 for the property. At the close of escrow, APU will pay to the Agency the sum of $2,462,355, which the City will use for repayment of the promissory note with Mr. Nathan Krems. The balance of the Purchase Price will be paid by way of a promissory note between the City and APU at an interest rate of 5% for a period of ten years, semi-annual payments, with the first payment due six months following the close of escrow. Phase I will include a parking lot, perimeter and interior landscaping, lighting, signage and perimeter fencing and a new softball field with related facilities. Phase II will include a new baseball field/athletic facility and related site improvements and Phase III will include a new student residential complex/academic building and professional building. APU covenants that it will grant the City an exclusive right to supply power for a period of up to 6 years from the effective date of the agreement. 0 0 Prior to the close of escrow, APU will submit and obtain approval from the Planning Commission and City Council of a Specific Plan (with required environmental determination pursuant to CEQA) for the three phase expansion of campus facilities consistent with those improvement described in the Scope of Development as included in the DDA. He stated that this is a viable use for the property eliminating a significant blighting influenced on Azusa's Downtown area and its increased presence of university -related activities will have a positive impact on commercial areas. He then responded to specific concerns in the DDA submitted by Marianne B. Miasnik, as follows: 3.9 Taxes and Assessments, 4.1 Obligations Regarding Scope of Development, 4.18.3 Maintenance Covenant, and Reuse Valuation Report. There was a change in language regarding 3.9 Taxes and Assessments, to address Ms. Miasnik's concerns. He then answered questions posed by Councilmembers. Mr. Art Morales addressed the Hearing stating that the property had potential of A. Morales $350,000 to the treasury in Azusa, property tax increment is zero, there is no utility comments tax, utility obligation is for only six years, the contract is poor, the interest rate is too low, and CRA is putting up $360,000 in lights, sidewalks, etc. Mr. Greg Aherns addressed the Hearing stating that the project has changed since first G. Ahern presented, there should be a higher interest rate, that there is a need for a longer comments commitment with regards to the obligation to purchase power from the City. Mr. Cliff Hamlow, representative of Azusa Pacific University, addressed the Hearing C. Hamlow requesting that they be allowed to continue to develop the property, that they are comments paying a good price and bring a great deal to the City, as well as pay their share of tax and help with grants. He then answered question posed by Councilmembers. Discussion was held between Councilmembers and staff regarding the process of the Discussion Specific Plan and other areas of the Disposition & Development Agreement. Moved by Councilmember Beebe, seconded by Councilmember Rocha and Hrg Closed unanimously carried to close the Public Hearing. Councilmember Hardison offered a Resolution entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA, Res. 99-C134 CALIFORNIA, APPROVING THE SALE OF CERTAIN REAL PROPERTY AND Appvg DDA CONSENTING TO THE AZUSA REDEVELOPMENT AGENCY'S PAYMENT APU for FOR CERTAIN PUBLIC IMPROVEMENTS (PURSUANT TO CALIFORNIA Krems prop. HEALTH AND SAFETY CODE SECTIONS 33421.1, 33433 AND 33445) IN CONJUNCTION WITH TH DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA AND AZUSA PACIFIC UNIVERSITY. Moved by Councilmember Hardison, seconded by Councilmember Beebe to waive further reading and adopt. Resolution passed and adopted by the following vote of the Council: AYES: COUNCILMEMBERS: HARDISON, ROCHA, BEEBE NOES: COUNCILMEMBERS: MADRID ABSENT: COUNCILMEMBERS: NONE ABSTAIN: COUNCILMEMBERS: STANFORD Director Hardison offered a Resolution entitled: A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. 99-R43 AZUSA APPROVING THE DISPOSITION AND DEVELOPMENT AGREEMENT Appvg DDA w/ BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA AND APU for Krems AZUSA PACIFIC UNIVERSITY. prop. 10/18/99 PAGE TWO 0 0 Moved by Director Hardison, seconded by Director Beebe to waive further reading and adopt. Resolution passed and adopted by the following vote of the Directors: AYES: DIRECTORS: HARDISON, ROCHA, BEEBE NOES: DIRECTORS: MADRID ABSENT: DIRECTORS: NONE ABSTAIN: DIRECTORS: STANFORD Councilmember/Director Stanford returned to the dais. Stanford rtn It was consensus of the Redevelopment Agency Boardmembers to adjourn. Adjourn TIME OF ADJOURNMENT: 9:46 P.M. NEXT RESOLUTION NO. 99-R44 NEXT ORDINANCE NO. 99-01 10/18/99 PAGE THREE