HomeMy WebLinkAboutrda min 1978/08/15
MINUTES OF AN ADJOURNED REGULAR MEETING OF THE REDEVELOPMENT AGENCY
OF THE CITY OF CHULA VISTA, CALIFORNIA
Held Tuesday - 8:50 p.m. August 15, 1978
An adjourned regular meeting of the Redevelopment Agency was held on the above date
beginning after the close of the City Council meeting at 8:50 p.m. in the Council
Chamber, City Hall, 275 Fourth Avenue.
ROLL CALL
Members present: Members Cox, Egdahl, Gillow, Scott
Members absent: Chairman Hyde
Staff present: Executive Director Cole, City Attorney Lindberg,
Community Development Director Desrochers
In the absence of Chairman Hyde, Vice Chairman Cox presided over the meeting.
REPORT ON DISPOSITION AND Community Development Director Desrochers
DEVELOPMENT AGREEMENT BETWEEN reported that he provided the Council with
RICHARD ZOGOB AND THE a copy of the Memorandum of Understanding
REDEVELOPM~NT AGENCY between Mr. Zogob and himself which is not
binding on the Redevelopment Agency. It will
be included as part of the disposition and
development agreement.
Mr. Desrochers added that actions in Sacra-
mento at this time are not having good
effect on the City -- the City will lose
$50,000 this year in tax increments due to
Prop 13 without any new buildings whatsoever.
Now Sacramento is talking about not taxing
residential properties - Mr. Zogob's develop-
ment proposes approximently $14 to $15 million
dollars of residential development. At 1%,
the City could realize $150,000 a year in
property tax.
ADJOURNMENT Vice Chairman Cox adjourned the meeting at
9:00 p.m. to the meeting scheduled for Tuesday,
August 22, 8 immediately following the
Council ee
8/15/78