04/15/1986 - Laserfiche WebLink

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. . . the offers as required by Section 7267.2 of the Government Code have been made to the owners of record, or any offer has not been made because the owners cannot be located with reasonable diligence. The Executive Director/Economic Development called on the Real Estate Manager to make the staff presentation on the proposed condemnation of the subject site. The Real Estate Manager stated that Section 1245.12 (A) of the Code of Civil Procedure required that a Public Hearing be held but that it also stipulated that if no owners of record request to be heard, it was not necessary to proceed with the Public Hearing. He pointed out that none of the owners had expressed interest in speaking at this Public Hearing and for this reason he intended to keep his remarks brief. The Real Estate Manager referred to the Staff Report attached to the Agency's Agenda item and referenced in the Resolution of Necessity and indicated that it was to be considered part of the public record and added that this staff report also addressed the questions delineated by the Chairman. He stated that on August 20, 1985, the Redevelopment Agency entered into an agreement with Fiesta Marketplace Partners for the development of the A-8 site. He added that this development was to include a new multi-plex theater with adjoining retail shops, restaurants, a two-level mixed use building and the rehabilitation of the Yost Hotel and Ritz Theater. He added that approximately 1,100 parking spaces will be provided for this development. He pointed out that the subject property (201-203 East Fourth Street) is owned by Lawrence E. DeCrona and Clifford Z. Battelle and that an offer of the full appraised value of the property has been presented to the record owners and negotiations for the acquisition are continuing. The Real Estate Manager identified the subject site on the site map which had been provided to the Agency Members adding that much of this parcel would be within the site for the proposed public parking structure, which would be for public use. He added that the owners had, at one time, considered the possibility of participating in the development but had decided against it for economic reasons. In response to a question from the Chairman, the Agency Secretary affirmed that there were no written communications. The Chairman then stated that the Agency would like to hear from those people who desired to address the Agency and advised that they should step to the podium, give their name and address and limit their comments to five minutes and identify to which property their comments pertained. He added that they should keep in mind the requirements of Section 1245.124 of the Code of Civil Procedure that their comments should only address the following four issues: 1. Whether the project; public and the necessity require interest 2.