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<br />. <br /> <br />. <br /> <br />. <br /> <br />GRANTING OF EXCLUSIVE RIGHT TO NEGOTIATE TO HUTTON DEVELOPMENT FOR THE <br />IC-1 ŠITE ------------- <br /> <br />Agency Member Griset arrived in Council Chambers at 5:45 p.m. <br /> <br />Attorney Thomas Baggott presented a brief statement to the Community <br />Redevelopment Agency. Mr. Battott represents Mr. Walter Leimert, owner of <br />property on East First Street which has been identified as a site for <br />commercial development. He commented that according to Mr. Leimert, the <br />property is not blighted and that they did not volunteer to be included in the <br />redevelopment plan. Mr. Baggott also stated that if the City wants the <br />property redeveloped, it should be exempted from the plan. <br /> <br />Mr. Baggott further informed the Redevelopment Agency that a lawsuit is <br />pending in Superior Court under H&S Code Section 33399, which is regarding <br />property that is under threat of condemnation. He asked that the Agency <br />acquire the property or that it be exempt from the redevelopment plan. <br /> <br />Mr. Tom Wilson, co-owner of property at 2000 E. First Street, also gave a <br />brief statement. He commented that they do not want to own the property in <br />its present condition, and expressed the need to lease the property on a <br />short-term basis. Mr. Wilson added that they want the property developed to <br />its highest and best use. <br /> <br />It was moved by Agency Member Hart, seconded by Agency Member Griset and <br />carried unanimously (6:0) that the Community Redevelopment Agency grant a <br />ISO-day Exclusive Right to Negotiate to Hutton Development Company, Inc. for <br />the development of a site within the 1900-2020 block of East First Street, <br />referred to as the IC-1 site. <br /> <br />A-13 SITE - TERMINATION OF DISPOSITION AND DEVELOPMENT AGREEMENT <br /> <br />It was moved by Agency Member Hart, seconded by Agency Member Griset and <br />carried unanimously (6:0) that the Community Redevelopment Agency authorize <br />the City Attorney to prepare and the Chairman to execute an agreement with <br />Lowy Development Corporation to terminate the Disposition and Development <br />Agreement covering the A-13 Development Site. <br /> <br />TECHNICAL ASSISTANCE PROGRAM <br />-------- <br /> <br />It was moved by Agency Member Hart, seconded by Agency Member Pulido and <br />carried unanimously (6:0) that the Community Redevelopment Agency approve the <br />implementation of the Technical Assistance Program. <br /> <br />CHANGES IN THE RESIDENTIAL LOAN PROGRAMS UNDERWRITING GUIDELINES <br /> <br />-------- <br /> <br />It was moved by Agency Member Hart, seconded by Agency Member Pulido and <br />carried unanimously (6:0) that the Community Redevelopment Agency approve the <br />changes to the Residential Loan Program underwriting guidelines. <br /> <br />-2- <br />