09/17/1985 - Laserfiche WebLink

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8 8 8 . , Metropolitan Outdoor Advertising Company which is located approximately 500- northeast of the intersection of Trotter and Edinger, is 50' high, containing two 14' x 48' panels. He added that this billboard is in the same location as the Santa Ana Auto Mall Identification Sign is to be placed. He pointed out that only a very small portion of the site has the freeway frontage which is so critical for adequate exposure for the proposed Auto Mall. The Real Estate Manager stated that the public interest and necessity require the property for the following reasons: 1. At its meeting of December 18, 1984, the Redevelopment Agency executed nine Lease, Option and Development Agreements for redevelopment of all of the subject properties as an auto mall. 2. The aforementioned agreements provide that the Agency shall convey the subject property free and clear to the redevelopers for development of the auto mall. 3. This redevelopment project represents an effort by the Redevelopment Agency to retain existing auto dealerships in Santa Ana. It is estimated that the possible relocation of a substantital number of the City's present dealerships to other cities would result in a sales tax loss for the City of over $800,000 per year. In addition, recruitment of new dealerships into the mall, and the general volume increases typically realized by such "massing" of dealerships is expected to produce additional sales tax revenues for the City of approximately $900,000 per year. 4. The development of the Auto Mall promotes the goals and objectives of the Redevelopment Plan for the South Main Redevelopment Project through private commercial development and capital investment, the development of vacant land in the Project Area, and the improved market potential for surrounding vacant and under-utilized parcels. He pointed out that the project is planned and located pursuant to meetings and hearings held by the City's Redevelopment Commission, the Planning Commission, the Redevelopment Agency and the City Council and added that 95% of the site had been utilized for agricultural purposes, minimizing the number of businesses which must be relocated, and that all of the businesses to be displaced are eligible for and will receive full relocation assistance benefits according to Federal and State laws. The Real Estate Manager stated that an offer of just compensation had been made to the property owner, pursuant to Section 7267.2 of the Govenment Code. Chairman Griset asked that all people wishing to address the Agency on this issue to step to the podium, give their name and -5-