01/08/1975 - Laserfiche WebLink

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. ~ . . '. MINUTES COMMUNITY REDEVELOPMENT AGENCY January 8,1975 The Executive Director stated that the negotiations by the Ericson Development Company, for the proposed expansion of the Bullocks Fashion Square Shopping Center on North Main Street, had narrowed down to dis- cussion with one of the major department stores; that Mr. Ericson is committed to the proj ect; that negotiations over the terms of the agreements for construction, rentals, development, and financing are taking longer than originally estimated which can probably be attributed to the economy in general. He added that everything looks favorable and is going along well. ERICSON DEVELOPMENT COMPANY Mr. Goblirsch also stated that negotiations were underway between Mr. Ericson and the Tishman Development Corporation to effect an arrangement whereby Ericson Development and Tishman Development Corporation would work together on the pro j ect as developer and builder, respectively. A RESOLUTION OF THE COM- MUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA REQUESTING THE PLANNING COMMISSION OF THE CITY OF SANTA ANA TO SELECT AN EXPANDED BOUNDARY FOR THE CITY OF SANTA ANA REDEVELOPMENT PROJECT AREA AND TO FORMULATE, APPROVE AND ADOPT AN AMENDED PRELIMINARY PLAN FORMULATED FOR THE REDEVELOP- MENT OF THE PROJECT AREA AS EXPANDED. was unanimously adopted (6-0) on motion of Commis.sioner Garthe, seconded by Commissioner Griset. RESOLUTION NO. 75-1 Prior to the adoption of the Resolution, the Executive Director stated that adoption of the resolution is one of the legal steps necessary to amend the project area boundaries; that it is nec- essary to proceed with the proposed amendment. process at this time to be prepared to assure Ericson Development Gompany of a timetable for construction once negotiations are finalized. He further stated that the Redevelopment Commission had approved the preliminary project boundary amendment, which will encompass the proposed shopping center area, and recommended similar action by the Agency. He further advised that Planning Commision Resolution No. 6062, dated December 23, 1974, had approved the proposed survey area expansion; and that the proprosed project area would qualify for redevelopment under the laws' definition, which includes structural, environmental and economic blight, because it does not mean that the entire area must be blighted. The Executive Director was authorized to commence study of the Delhi Area as a possible redevelopment project area on motion of Commissioner Ward, seconded by Commissioner Griset and carried (5-1) with Com- missioner Markel dissenting. DELHI AREA PROJECT PROPOSAL Prior to the vote on the motion, the Executive Director stated that Delhi is an area that has need for parks and movement of the City Corporation Yard; that the Sears warehouse and the new Edison Company substation will generate immediately one million dollars worth of tax increment bonds. Commissioner Bri~ken expressed his concern with the philosophy of venturing beyond the original concept of redevelopment and the geographical center of the area, which exempted as much of the housing as possible and concentrated essentially on the redevelopment of the deteriorated business area. -2-