Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />JOINT PUBLIC HEARING REGARDING AMENDMENT TO LEASE OPTION AND <br />DEVELOPMENT AGREEMENT WITH COMMONWEALTH WOLKSWAGEN <br /> <br />Chairman Griset called to order the joint meeting of the Agency <br />and the City Council and announced that it was the time and <br />place for the Joint Public Hearing on the proposed amendment to <br />the Lease, Option and Development Agreement between the <br />Community Redevelopment Agency and Commonwealth Volkswagen, <br />Inc. Mayor Griset called upon staff to identify the property or <br />issues and to give staff recommendation. <br /> <br />Cindy Nelson, Agency Redevelopment Officer, identified the <br />property as bounded on the north by Santa Fe Railroad, on the <br />south by Edinger Avenue, on the east by the Costa Mesa Freeway <br />and on the west by Ritchey Street. Ms. Nelson reported that <br />the Agency entered into this Agreement in December, 1984 and <br />that since that time the project schedule has changed and the <br />size of the dealer parcels. The Agency is being asked to amend <br />the purchase price of the original Agreement from $5 per square <br />foot to $4 per square foot in accordance with provisions of the <br />Agreement. Ms. Nelson explained that the original auto <br />dealerships had been given the lower land price as an <br />inducement to locate in the center. The Volkswagen dealer, <br />Carl Meyer, was advised he may become eligible for the lower <br />price in the event one of the five original dealerships <br />(Pontiac) withdrew from the project. Ms. Nelson reported that <br />one of the five had, indeed, withdrawn. She went on to report <br />that Commonwealth Volkswagen has obtained its foundation <br />permit, and avoided payment of the Transportation Corridor fee, <br />has applied for an SBA loan, and anticipates breaking ground in <br />June. After receiving neither written nor oral public comment, <br />and pursuant to an absence of Agency/Council questions, Mayor <br />Griset declared the Joint Public Hearing closed. <br /> <br />It was moved by Agency Member McGuigan, seconded by Vice <br />Chairman Johnson and carried unanimously (6:0) that the Agency <br />adopt Resolution No. 86-17: A RESOLUTION OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING AN <br />AMENDMENT TO THE AGREEMENT BETWEEN THE AGENCY AND COMMONWEALTH <br />VOLKSWAGEN, INC. <br /> <br />2. <br />