09/25/1984 - Laserfiche WebLink

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Mr. Wallin commented that his only concern was that not enough time had been provided for the Corporation to complete all of the things required, but that he had been assured that extensions to the exclusive right would be forthcoming. Mr. Griset stated that he would be willing to extend a 90- day exclusive right to negotiate into another 90 days, and that he saw no reason that it would be a problem. Chairman Luxembourger commented that the Redevelopment Agency has been liberal in this respect. Following the conclusion of discussion Mr. Griset moved, and Ms. McGuigan seconded the motion that the Redevelopment Agency grant a 90-day Exclusive Right to Negotiate to the Greater Eastern Development Corporation for the purpose of developing a Festival Shopping Center on the site known as the A-B project site; and that the Redevelopment Agency waive the customary Good Faith Deposit associatd with this Exclusive Right to Negotiate. The motion was unanimously carried (5:0). A-2 SITE/EXCLUSIVE RIGHT TO NEGOTIATE Rex Swanson, Deputy City Manager/Development, provided a brief background for this item, and pointed out the change in the entity proposing to develop the site. Chairman Luxembourger pointed out a discrepancy between the map presented as background material in the agenda packet and the map present in the meeting room titled, "Downtown Development Plan". Mr. Swanson explained that the map in the agenda packet was a conceptual plan, rather than an absolute designation. Ms. McGuigan made a motion, which was seconded by Mr. Griset ahd carried unanimously (5:0) that the Redevelopment Agency award the Carley Capital Group a 90-day exclusive right to negotiate for the development of the A-2 site as a major high rise office building to exceed 30 stories of mixed use development including hotel, office and governmental use. Robert L. Richardson, Director of Heritage Orange County, Inc., raised the issue of the apparently negotiable boundaries for the A-2 Site. Mr. Swanson stated that the boundaries are being negotiated in an attempt to finalize the site plan, and that the best configuration for the site and a sensitivity to historical interests are being sought in the final determination of the site boundaries. LEASE AGREEMENT FOR PROPERTY ON THE A-2 SITE Pursuant to the background provided by the preceding item, M's. McGuigan asked how many parking spaces would be provided by the lease, to which Mr. Swanson replied that he was uncertain of the exact number of spaces, but believed that it would yield approximately 20 spaces. Mr. Robert B. Hoffman, Principal Real Estate Officer, said that the parking spaces would be built according to City code. Chairman Luxembourger asked about the issues of egress and ingress and asked whether admittance would be strictly off of Fifth Street, how feasible the agreement was, and whether the use was strictly interim. His concerns were affirmatively answered. It was further stated that the agreement under discussion presented no conflict with current plans. Following the discussion, Ms. McGuigan mada a motion, which was seconded by Mr. Acosta and carried unanimously (5:0), that the Redevelopment Agency authorize the Chairman to execute an agreement to lease a portion of the A-2 site for parking purposes on a month-to-month basis to the Broadway Improvment Co., Inc. SALE OF AGENCY PROPERTY ON THE SOUTHWEST CORNER OF EIGHTH AND BUSH STREETS Pursuant to the Mr. Hoffman answering a technical question regarding the transfer of property, Mr. Griset moved that the Redevelopment Agency authorize the Chairman to execute an amendment to Section X of the Lease Agreement between the Community Redevelopment Agency and Sombrero Street, Inc., for the purchase of real property on the southwest corner of Eighth and Bush Streets and authorize the Chairman to execute a Grant Deed conveying the real property on the southwest corner of Eighth and Bush Streets to Sombrero Street, Inc., for consideration in the amount of $93,750.00. Mr. Johnson seconded the motion, which was carried unanimously (5:0). 1EISMIC SAFETY ORDINANCE UPDATE AND DEVELOPMENT POLICY CLARIFICATION ?ollowing a brief presentation of information from Mr. Kooi, Chairman Luxembourger asked if the financial aspects, which are new, had been made known to the public. Mr. Kooi answered affirmatively. Commissioner McGuigan asked whether the current report was in conflict with the Seismic Ordinance, and Mr. Cooper replied that the City is only offering assistance to those who would like to comply with the Ordinance. Commissioner Griset