01/14/1976 - Laserfiche WebLink

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r-~ . . . . . .. 1. Authorize the Executive Director to enter into negotiations to acquire the Singer Building, improvements only for $56,000 and the Mission Building for $45,000, "land and improvements". 2. Authorize the Executive Director to enter into negotiations with Stotsenberg in order to sell him the land of the Mission site at a value between $17,200 to $22,000. 3. Authorize the Executive Director to demolish the Singer and Mission Buildings and to relocate all tenants. APPRAISAL SERVICES The Assistant to the Executive Director reported to the Agency that we are now at the proper stage in negotiations with wilshire Development Company and Fore Strong Development Company to secure a reuse appraisal for each proposed site in order that we can determine the fair value of the land or the cost we will charge the developer for the land conveyed. The Assistant to the Executive Director reported that Donahue and Company had been contacted because of their experience in preparing reuse appraisals and their knowledge of the redevelopment process. The two appraisals requested would cost $4000. Payment would be made from tax incre- ment. The motion was made by Mr. Bricken, seconded by Mr. Ward and carried unanimously to accept the offer of Donahue and Com- pany and to authorize the Executive Director to proceed with appraisals. RESOLUTION 76-4 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA GRANTING TO THE COMMUNITY REDEVELOPMENT AGENCY A VARIANCE FROM THE LIMITS, RESTRICTIONS, CONTROLS OF THE REDEVELOP- MENT PLAN FOR THE CITY OF SANTA ANA REDEVELOPMENT PROJECT AREA FOR SANTA ANA TOWERS PROJECT; FINDING SAID VARIANCE COMPATIBLE WITH PLAN AND SUBJECT TO CONDITIONS AND FINDING VARIANCE AND CONDITIONS NECESSARY TO PROTECT HEALTH, SAFETY AND WELFARE OF COMMUNITY AND DECLARING THAT THE VARIANCE SHALL NOT SUPERCEDE ANY ORDINANCE OF THE CITY OF SANTA ANA was adopted upon the motion of Mr. Bricken, seconded by Mr. Ward and carried unanimously. NOTE ISSUE The Assistant to the Executive Director reported that Agency staff had been working with Stone and Youngberg and O'Melveny and Myers to develop the most feasible method of providing financing for the Agency's needs during the next two to three years. Stone and Young- berg has recommended that the Agency consider issuing a $4,000,000 note. A motion was made by Mr. Bricken, seconded by Mr. Yamamoto and carried unanimously to authorize Stone and Youngberg, and O'Melveny and Myers to proceed with the note issue and to select United Califor- nia Bank as their fiscal agent for note issue. RELOCATION OF SEWER LINES AND REMOVAL OF SECOND STREET A motion was made by Mr. Bricken, seconded by Mr. Ward and carried unanimously to authorize the Executive Director to seek bids on the relocation of sewer lines and the removal of Second Street in order to complete preparation for disposition of senior citizens site. KRAMER BUILDING A motion was made by Mr. Ward, seconded by Mr. Bricken and carried unanimously to demolish the Kramer Building (Charcoal Broiler) at 514-524 North Main Street and to shore up the adjoining party wall for a cost of $3400 offered by Hintz Wrecking Company.