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HomeMy WebLinkAbout07/09/1974 .,.~... . t ~ . MINUTES OF THE ADJOURNED REGULAR MEETING COMMUNITY REDEVELOPMENT AGENCY SANTA ANA, CALIFORNIA July 9, 1974 The Adjourned Regular Meeting of the Community Redevelopment Agency was called to order by Chairman Patterson at 4:40 P.M" in Room 83l, City Hall, 20 Civic Center Plaza. Affidavit of Mailing and Posting the Meeting Notice were on file in the office of the Recording Secretary. Roll call was answered by the Commissioners as follows: Present Absent John Garthe Harry K. Yamamoto James E. Ward Lorin Griset Jerry M. Patterson, J. Ogden Markel Vernon S. Evans Chairman The following persons were also present: Richard E. Goblirsch, Executive Director-Secretary James A. Withers, Agency Counsel Bruce C. Spragg, City Manager Florence I. Malone, Recording Secretary Representatives of the Press Mr. Thomas Lewis, rep- resenting the Planning Consultant firm of Kennard, Delahousie and Gault, presented a recap of the working phases preparatory to the develop\!lynt of three concepts for the development of the Project Area; ìrtcluding ân inventory of urban systems within the downtown and City in general, an analysis of the market demand up to 1990 ,ofrèg"ional and community factors, access, zoning, circulation and actéss within the Project Area itself. . PROJECT AREA CONCEPTS He stated that current development proposals included: A Mexican Village, an Old Town, a high-rise bank and a transit terminal. He reviewed the strengths of the Project Area and its weaknesses. He recommended Alternative 3 and stated that it was the one his firm was using in preparing a phasing program and evaluating the essential costs. Mr. Grahm Stubblefield, representing Larry Smith and Company, Economist Consultants, stated that his firm had started out to do a broad market potential study for various land uses in the Project Area; that high interest rates and the cost of development are deterrents; that a key ingredient is the transportation site be- cause of utilization of air rights and maximum usage; that the primary catalyst in terms of market demand, will continue to be the high rise office, that it is important to push the Civic Center Eastward rather than toward the west; that there is developer interest - the problem is getting major tenant interest; that there is a need to put enough land together for a sizable development. He further stated that he is trying to work out the financing of Alternative 3 and its variations to determine how much tax flow ,,---Cl..., .""J. . . fI . MINUTES ADJOURNED REGULAR MEETING COMMUNITY REDEVELOPMENT AGENCY July 9,1974 will be created from the tax increment; that there is two million dollars that could be bonded now from the tax increment; and that he anticipates a very difficult "front end cash flow problem". The Agency consensus favored Alternative 3 for Project Area development. ADJOURNMENT At 5:40 P.M., the meeting was adjourned to July 13, 1974, 8:00 A.M., in Room 831, City Hall, 20 Civic Center Plaza. -~~ Jl UJ..~ F orence I. Malone Recording Secretary -2- . . 46 . MINUTES OF SPECIAL MEETING COMMUNITY REDEVELOPMENT AGENCY SANTA ANA, CALIFORNIA July 9,1974 The Special Meeting of the Community Redevelopment Agency for an Executive Session to consider legal matters was called to order at 3:40 P.M., in Room 831, City Hall, 20 Civic Center Plaza. Affidavits of Mailing and Posting the Meeting Notice were on file in the office of the Recording Secretary. Roll call was answered by the Commissioners as follows: Present Absent John Garthe Harry K. Yamamoto James E. Ward Lorin Griset Jerry M. Patterson, J. Ogden Markel Vernon S. Evans Chairman The following persons were also present: Richard E. Goblirsch, Executive Director-Secretary James A. Withers, Agency Counsel Eugene Jacobs, Special Counsel Bruce C. Spragg, City Manager Florence I. Malone, Recording Secretary Press Representative EXECUTIVE SESSION At 3:41 P.M., the Agency recessed for an Executive Session to consider legal matters and reconvened at 4:10 P.M., with the same members present. ADJOURNMENT At 4:10 P.M., the meeting was adjourned on the unanimously approved motion of Commissioner Griset, seconded by Commissioner Garthe. ....J~1 ~.U10-~~ 0 ence '.' a one Recording Secretary