08/17/1981 - Laserfiche WebLink

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. . . . The City Manager advised the Agency that there was no "Good Faith Deposit" made on this project, merely a "Letter of Credit" which had now expired. He added that Anaheim Savings and Loan, formerly a partner in this venture, was willing to pay the $50,000 Good Faith Deposit in lieu of liquidated damages and that, if this agreement was extended, they would no longer be a partner and, therefore, not liable for the $50,000. It was for this reason, he stated, that staff was recommending that this agreement be terminated at this time. In response to a question from Chairman Bricken, the Community Development Director stated that the Agency had approximately $1.6 million dollars invested in this project. After further discussion, it was moved by Mr. Griset, seconded by Mr. Luxembourger and carried by a vote of 6:1 (Mr. Markel voted "NO") that the Agency adopt Resolution 81-93: A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA TERMINATING THE DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE AGENCY AND SANTA ANA OFFICE PLAZA; authorize the Executive Director to execute a release of all claims against Santa Ana Office Plaza arising out of said Agreement in exchange for payment of $50,000 as liquidated damages; authorize the Executive Director to request proposals for development of the site. ACQUISITION OF PROPERTY BROADWAY STREETS AT THE NORTHWEST OF FIRST AND CORNER -- The Community Development Director gave a brief outline of the negotiations between the Agency and Joe R. Crider for property located at the northwest corner of First and Broadway Streets (a gas station, wine/beer store). He said that Mr. Crider had agreed to accept $235,000 for this property but that the Agency's appraiser did not feel that he could substantiate this amount at this time. (The Community Development Director stated further that the beer and wine license was of indeterminable value and that the best possible action seemed to be to proceed with the purchase.) In addition, he stated that staff felt that it was advisable to buy the property at this time for the $235,000 because it seemed probable that it would cost more at a later date. In response to a question from Mr. Luxembourger, the Community Development Director affirmed that the Agency did have the funds to purchase the property in the Birch Park Expansion fund and could enter escrow within two weeks, relocate the property owner and demolish the building within 90 to 120 days. The Community Development Director added that all efforts to get the property adjacent to Birch Park rehabilitated had failed and that staff would be recommending a new approach. After further discussion, it was moved by Mr. seconded by Mr. Luxembourger and carried by a vote of 6:1 (Mr. Markel voted "NO") that the Agency adopt Resolution 81-94: A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AUTHORIZING THE CHAIRMAN OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA TO EXECUTE AN AGREEMENT FOR ACQUISITION OF REAL PROPERTY BETWEEN THE AGENCY AND JOE R. CRIDER FOR PROPERTY LOCATED AT THE NORTHWEST CORNER OF FIRST AND BROADWAY STREETS. Chairman Bricken declared a recess at 8:45 P.M. The meeting was reconvened at 8:55 P. M. with all those formerly present in attendance. AGREEMENT WITH HILL & KNOWLTON, INC. FOR PUBLIC RELATIONS MARKETING ASSISTANCE Chairman Bricken stated that a member of the Agency wished a continuance on this item but that, because a representative of Hill & Knowlton was present and wished to make a presentation, he would permit him to address the Agency today and if staff and the Agency wished to have a discussion of the matter, this too would be acceptable. 7.