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. . . The Executive Director asked the Agency members to note that item 11 (in the agenda packet), page two of the sample amendment, that it does not speak to Section VIII, and that if the Agency approved this particular agreement, Section VIII would remain in effect. Staff negotiated with Western Center to find a solution to the rental rehabilitation solution. Prior to today's meeting, staff received a letter from Western Center regarding a suggested revision to the rental rehabilitation section. (Copies of this letter were distributed to the Agency members prior to the start of the meeting.) Mr. Serrato asked if there was any reason why staff didn't go after two separate bond issues. The Executive Director stated that due to the provisions of the Ullman Legislation, the Agency had to sell a bond to cover the entire development. We will not be eligible to sell another bond for this project. Chairman Ward asked what was binding the developer to build phase two. The Executive Director responded that the agreement required the developer to construct Phase II. The Executive Director asked the Agency members to turn to Exhibit 13, the letter from Goldrich & Rest, which refers to Phase II, stating that Goldrich & Rest are requesting a "change in date of purchase of land and start of construction upon the close of 63 escrows of Phase I, Redeveloper agrees to pay Agency $2,000 per month until the land in Phase I is purchased by Redeveloper and construction of the final phase commenced; provided, however, said land must be purchased by Redeveloper and construction commenced no later than April 30, 1981." After brief discussion, a motion was made by Mr. Bricken and seconded by Mr. Ward to indicate that the Redevelopment Agency is prepared to move forward in concept with all of the agreements that have been put before the Agency members, with the stipulation that the Redevelopment Director will attempt between now and Monday to determine if there is any further room for negotiations regarding Section VIII of the agreement with Western Center on the rental housing program. Before the question was called for, lengthy discussion was held. The motion was amended by Mr. Bricken to indicate that the Redevelopment Agency is prepared to move forward in concept with the agreements contained in items 1 through 10 on the Agenda. The motion failed by the following roll call vote: AYES: NOES: ABSENT: Bricken, Ward Griset, Luxembourger, Markel, Serrato, Yamamoto None After brief discussion, another motion was made by Mr. Bricken and seconded by Mr. Ward to request the Redevelopment Director to refine Section VIII of the Agreement with Western Center. Before the question was called for, lengthy discussion was held. The motion was amended by Mr. Griset, and agreed to by the makers of the motion, to include, "and, if possible, to delete Section VIII from that agreement, with the issue of rehabilitation of rental housing to be returned to Council for discussion and policy within the next 90 days. The motion carried by the following roll call vote: AYES: NOES: ABSENT: Bricken, Griset, Luxembourger, Ward Markel, Serrato, Yamamoto None ADJOURNMENT A motion was made by Mr. Bricken, seconded by Mr. Ward and carried unanimously to continue the items on the agenda to Monday, April 21, 1980. The meeting was adjourned at 7:06 P.M. .~~~~ " ~~~ Richard E. Goblirsch Executive Director -3-