01/22/1985 - Laserfiche WebLink

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I~-- - - PUBLIC HEARING Vice Chairman Johnson announced that this was the time and place for the Public Hearing on the issue of the public necessity to aquire by condemnation that property identified by Assessor Parcel Numbers as Book 402, Page and Block 101, parcels 1, 2, 3, 4, 7, 21, 22, 23, 25 and a portion of parcel 26, and Book 402, Page and Block 112, parcels 1 and 2, for redevelopment purposes, Vice Chai rman Johnson requested that staff identify the property or issues and give staff recommendation. David N. Ream, Executive Director/Economic Development, introduced Robert B. Hoffman, principal Real Estate Officer of the Economic Development Agency. Mr. Hoffman read from a prepared statement as follows: . The property is located west of the Newport-Costa Mesa Freeway, north of Edinger Avenue and east of Ritchey Street, and contains approximately 43 acres. Approximately 95% of the site is owned by the Santa Fe Railway Company and the Santa Fe Land Company, and is used on an interim basis for agricultural purposes. The remainder of the site in the vicinity of Trotter Street, which will serve as the major entryway into the Auto Mall, is occupied by two service stations, a firewood retailer, a soil and plant testing laboratory, an industrial hardware distributor, and restaurant parking. The redevelopment project is a retail auto mall comprising dealèrships for at least ten makes of new automobiles. . The public interest and necessity require the property for the 'following reasons: . 4. 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 aformentioned Agreements provide that the Agency shall convey the subject property to the redevelopers for development of the auto mall. I 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 substantial number of the City's present dealerships to other cities would result in a sales tax loss for the Ci ty 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. 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. 1