12/18/1978 - Laserfiche WebLink

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. . . . - Mr. Scott then gave a brief presentation of his site plans and architectural drawings, discussing his designs. The plans call for a multi-story, U-shaped building and an open area plaza facing the Courthouse. Structure is to be masonry, earth tone materials. The initial plan is for one major retail level, residential, and several stories of commercial office space. A mezzanine retail area is being considered to take advantage of the attractive court- yard view. Also contemplated is a structured parking area, hope- fully at the South area. During the six month exclusive right to negotiate, this parking plan will be developed. He continued by informing the Agency that his preliminary study takes into consideration the interests of the presbyterian Church, Masonic lot and the neighboring property owners. He concluded by stating that past discussions with the Commission and Staff members offered views which are incorporated in the preliminary study. In response to Mr. Evans' query as to the project's financial status, the Executive Director reported that this aspect is currently being investigated, but all evidence indicates that Mr. Scott is finan- cially capable to develop what he proposes. Mr. Evans questioned the idea of authorizing a six month exclusive right to negotiate to Mr. Scott, thus tying up this particular area, thereby preventing further development proposals from other interested parties. The Executive Director stated that it is always difficult to deter- mine finally a developer's capabilities; what one developer can develop within a certain budget allowance, another cannot. Currently, an analysis will be made during the six months to ascertain whether the developer has the financial capabilities to handle this project. Before a motion was acted upon, Mr. Yamamoto informed the Agency that he could not vote in favor of granting a six month exclusive right to Mr. Scott. He further stated that in view of the fact ~~. Scott had gone to the expense of retaining the services of an architect prior to being granted this right to negotiate, it appeared that previous assurances of such award were promised to the developer. The Executive Director explained that this particular site, because of the location near the Old Courthouse, was developed more slowly and cautiously than others have been. He stated that this proposal has been previously brought before the commission, who expressed concern for the site. In addition, Staff has had numerous meetings with Mr. Scott prior to bringing this matter before the Agency. Mr. Evans made a motion to grant a six month exclusive right to negotiate to Mr. E. Walter Scott for the development of the prop- erty bounded by Broadway, Sycamore, Fifth and Santa Ana Boulevard. The motion was seconded by Mr. Garthe, and carried 6:0 unanimously. AMERICAN NATIONAL PROPERTIES - OWNER PARTICIPATION AGREEMENT A motion was made by Mr. Evans, seconded by Mr. Garthe, and carried 6:0 unanimously to authorize Staff to establish a public hearing for January 15,1979, as legally required prior to entering into an Owner Participation Agreement to convey land to an owner/developer. KEISER DEVELOPMENT COMPANY - OWNER PARTICIPATION AGREEMENT A motion was made by Mr. Evans, seconded by Mr. Garthe, and carried 6:0 unanimously to authorize Staff to establish a public hearing for January 15,1979, as legally required prior to entering into an OWner Participation Agreement to convey land to an owner/developer. 2.