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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />economic development <br />activities to date. <br /> <br />proposed <br /> <br />work <br /> <br />and <br /> <br />of <br /> <br />program <br /> <br />summary <br /> <br />A motion was made by Mr. Bricken, seconded by Mr. Griset and <br />carried unanimously to receive and file the report. <br /> <br />ABSORPTION STUDY FOR INTOWN CONDOMINIUMS <br /> <br />After brief discussion of the conversion and use of Community <br />Development funds, Mr. Yamamoto requested written, legal <br />clarification of the eligibility of the market-rate condominiums <br />for federal/Community Development funds that were used to acquire <br />and clear the site by the Agency. His concern is that Community <br />Development funds are to benefit low-income, which the apartments <br />originally planned for the site did, because some were subsidized. <br />Now that condominiums are to be constructed, was the expenditure <br />of Community Development funds to clear the site an eligible <br />expenditure? <br /> <br />A motion was made by Mr. Griset, seconded by Mr. Bricken and <br />carried (Mr. Yamamoto voted NO) to receive and file the Absorption <br />Study for Intown Condominiums. <br /> <br />JONES DEVELOPMENT <br /> <br />A motion was made by Mr. Bricken, seconded by Mr. Griset and <br />carried unanimously to: (1) Approve Jones' preliminary plans for <br />development; (2) Reconsider the formation of a master development <br />plan for the area bounded by Civic Center Drive, Tenth Street, <br />Flower and Parton Streets. <br /> <br />PROPOSAL FOR DEVELOPMENT OF LAW OFFICES ON SANTA ANA BOULEVARD AND <br />FLOWER STREET <br /> <br />Mr. Ward left the meeting due to a conflict of interest. <br /> <br />Mr. Bricken, seconded by Mr. Serrato and <br />grant a six month exclusive right to <br />resolution (within 30 days) of property <br />request to participate and/or develop the <br /> <br />A motion was made by <br />carried unanimously to <br />negotiate, subject to <br />owner Cleo H. Key's <br />site. <br /> <br />Mr. Bricken asked that the record state that Mr. Goblirsch said <br />that Mr. Key has no objections to the recommended action. <br /> <br />DISCUSSION OF AIR RIGHTS DEVELOPMENT OVER OCTD TRANSIT TERMINAL <br /> <br />A motion was made by Mr. Bricken, seconded by Mr. Luxembourger and <br />carried (Mr. Yamamoto voted NO) to: (1) proceed with the air <br />rights development; and (2) allow development of mixed uses (if <br />necessary) . <br /> <br />Mr. Ward returned to the meeting. <br /> <br />CONTINUATION OF SOMBRERO STREET RESTAURANT LEASE AGREEMENT <br /> <br />A motion was made by Mr. Bricken, seconded by Mr. Luxembourger and <br />carried unanimously to continue the Sombrero Street Restaurant <br />lease agreement to the next Agency meeting. <br /> <br />CONTINUATION OF OLD COURTHOUSE PLAZA (WALTER SCOTT PROPOSAL) <br /> <br />A motion was made by Mr. Griset, seconded by Mr. Bricken (Mr. <br />Serrato voted NO) to allow the six month exclusive right to <br />negotiate held by Mr. Scott to expire. <br /> <br />-2- <br />