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Home My WebLink Aboutrda min 1978/07/13 9:46 PM MINUTES OF A REGULAR MEETING OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA Thursday - 9:46 P.M. July 13, 1978 A regular meeting of the Redevelopment Agency of the City of Chula Vista, California was held on the above date, beginning at 9:46 P.M. in the Council Chambers, City Hall, 276 Fourth Avenue, with the following: MEMBERS PRESENT Chairman Hyde; Members Cox, Scott, Egdahl, Gillow Members Absent None STAFF PRESENT Executive Director Cole, Special Counsel Reed, City Attorney Lindberg, Community Development Director Desrochers, Community Development Coordinator Boyd, Administrative Analysts Cebula and Sanseverino ITEM NO. 1 - APPROVAL OF MINUTES It was moved by Member Scott, seconded by Chairman Hyde, and unanimously carried by those present to approve the minutes of the Regular meeting of June 1, 1978, and the Special meeting of June 20, 1978, as mailed. ITEM NO. 2 - REPORT: ORANGE DEVELOPMENT COMPANY It was moved by Member Scott, seconded by Member Egdahl, and unanimously carried by those present that this item be continued to the next meeting. ITEM NO. 3 - REPORT: JOE STREET, ET AL, PROPERTY It was moved by Member Scott, seconded by Chairman Hyde, and unanimously carried by those present that this item be tabled. ITEM NO. 4 - RESOLUTION NO. 127 - ADOPTING THE BAY FRONT PROJECT FISCAL YEAR 1978-79 BUDGET AND DIRECTING THE RELEASE OF FUNDS FROM THE AGENCY'S FISCAL AGENT Offered by Member Cox, the reading of the text was waived by unanimous consent of those present, passed and adopted by the following vote, to-wit: AYES: Member Cox, Scott, Hyde, Gillow and Egdahl Noes: None Absent: None ITEM NO. S - REPORT: DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN MR. RICHARD G. ZOGOB ET AL AND THE REDEVELOPMENT AGENCY This report set forth key policy elements that are proposed as part of the disposi- tion and development agreement between Mr. Zogob and the Agency. Mr. Cowett, legal counsel representing Mr. Zogob, expressed concern about portions of the re- port; specifically if litigation is necessary and results in a larger judgment than projected, Mr. Zogob would not be responsible for the excess funds. He also men- tioned the "trust" fund income derived from the sale of condominiums and the per- centage of income to be utilized in this manner. 7-13-78 -2- Redevelopment Agency Meeting July 13, 1978 It was moved by Member Scott, seconded by Chairman Hyde, and unanimously carried by those present that the report be accepted and comments noted. ITEM NO. 6 - STATUS REPORT: OWNER PARTICIPATION AGREEMENT - Bernes/Isham After meetings with the property owners (Bernes and Isham), Mr. Zogob and Mr. Innis, staff is preparing a draft Owner Participation Agreement within agreed on parameters. It was moved by Member Cox, seconded by Member Scott, and carried unanimously by those present to accept the report. ITEM NO. 7 - REPORT: STATUS OF PROPERTY ACQUISITION IN THE FOCUS AREA This report summarized the status of acquiring property by the Agency in the Town Centre I Redevelopment area. It was moved by Chairman Hyde, seconded by Member Scott, and carried unanimously by those present to accept the report. It was moved by Chairman Hyde, seconded by Member Scott, and carried unanimously by those present that staff prepare a colored map showing acquisition in the FOCUS area. ITEM NO. 8 - REPORT: REDEVELOPMENT CONSTRUCTION LOAN ACT (SB99 Bonds) Staff reported that this is a relatively new financing tool, which would go hand- in-hand with the residential development for the first phase of Mr. Zogob's project. Representatives of Stone and Youngberg and of Jones, Hall, Hill and White, will be present at the meeting of August 3rd to answer any questions of the Agency. It was moved by Member Scott, seconded by Chairman Hyde, and unanimously carried by those present that the report be accepted. ITEM NO. 9 - RESOLUTION NO. 128 - ACCEPTING LOAN FROM THE CITY OF CHULA VISTA AND ADOPTING THE TOWN CENTRE I FISCAL YEAR 1978-79 BUDGET Offered by Member Scott, the reading of the text was waived by unanimous consent of those present, passed and adopted by the following vote, to-wit: AYES: Member Scott, Cox, Hyde, Gillow and Egdahl Noes: None Absent: None ITEM NO. 10 - RESOLUTION NO. 129 - ADOPTING TOWN CENTRE II BUDGET FOR FISCAL YEAR 1978-79 BUDGET Offered by Chairman Hyde, the reading of the text was waived by unanimous consent of those present, passed and adopted by the following vote, to-wit: AYES: Member Hyde, Scott, Cox, Gillow and Egdahl Noes: None Absent: None 7-13-78 ..~ . - --~. -3- Redevelopment Agency Meeting July 13, 1978 ITEM NO. 11 - RESOLUTION NO. 130 - APPROVING CREDIT AGREEMENT BETWEEN REDEVELOPMENT AGENCY AND CHULA VISTA TOWN CENTRE DEVELOPMENT CORPORATION AND AUTHORIZING ALLOCATION OF $25,000 TO THE CORPORATION Offered by Member Cox, the reading of the text was waived by unanimous consent of those present, passed and adopted by the following vote, to-wit: AYES: Member Cox, Hyde, Scott, Gillow and Egdahl Noes: None Absent: None MEMBERS' COMMENTS Member Scott suggested that rescheduling of the Orange development tour be con- sidered at the next meeting, with staff providing recommendations. It was moved by Chairman Hyde, seconded by Member Scott, and unanimously carried by those present that the Director provide a proposal for a walking tour in the FOCUS area, with recommendations at the next meeting. It was moved by Chairman Hyde, seconded by Member Cox and unanimously carried by those present that staff arrange a tour of the LNG facility. It was moved by Member Scott, seconded by Member Gillow, and unanimously carried by those present that staff prepare a UDAG proposal in anticipation of the possi- bility that Town Centre II wi11 pass. The meeting was adjourned at 10:11 P.M. to the regularly scheduled Redevelopment Agency meeting of August 3, 1978. 7 -13-78 _ _ _'··'___·_'·__~~··_"__~__w.____~'_·'--·_