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HomeMy WebLinkAboutrda min 1990/02/27 MIIqLrFES OF AN ADJOIYRNED MEETING OF THE REDEVEI.OPMENT AGENCY OF THE CITY OF CHULA VISTA, CALIFORNIA Tuesday, February 27, 1990 City Council Chambers 7:23 p.m. Public Services Building 1. ROLL CALL MEMBERS PRESENT: Members McCandliss, Malcolm, Moore, Nader and Chairman Cox STAFF PRESENT: Executive Director Goss; Assistant City Manager Asmus; Community Development Director Salomone 2. WRITTEN COMMUNICATION a. Letter regarding the Mitigation Credit Option and Outstanding loan to Chula Vista Investors - William J. Barkett, Chula Vista Investors, 610 West ASh Street, Suite 1200, San Diego, CA 92101 Mr. Barkett stated the Chula Vista Investors were prepared to repay the Agency the outstanding $4.3 million loan. He stated the City certainly had a better use for the money and the Investors wanted to pay the loan early. He also noted they would offer the mitigation credits to the Port District on the same terms as were available to the City with the offer remaining open for a period of thirty (30) days. It was his hope that by taking this action, the Agency, Community and CVI would all benefit. Chairman Cox thanked C'¢I for paying the loan early and extending the mitigation credits to the Port District. MSI.JC OVlcCandliss/Nader) to approve staff recommendation. Member McCandliss also thanked CVI and felt their letter of offer on the mitigation credits was very fair and she hoped a plan or program could be worked out within the thirty days if appropriate. Member Nader questioned the letter received from the Port District asking the Agency to extend it's option on the mitigation credits for thirty days to allow adequate time for a formal payment agreement to be entered in between the Port District and the Agency. He question whether the Agency needed to take any further action to facilitate the request. Chris Salomone, Community Development Director, stated it was his understanding that if the Agency would accept Mr. Barkett's offer to extend the thirty day limit that would allow staff adequate time and would direct staff to acknowledge in writing, Mr. Barkett's offer. 3. REPORT ON MITIGATION CREDIT OPTION Chairman Cox stated that by the action of the Agency on Item No. 2, he did not feel action needed to be taken on the Report. Mr. Salomone thanked Mr. Barkett for agreeing to the thirty days and stated it would give staff time to work with the Port District. MINUTES 2 February 27, 1990 8. DIRECTOR'S COMMENTS - None 9. CHAIRMAN'S COMMENTS Stated that in reviewing the Towne Center Project Area Committee minutes, he was surprised on the discussion regarding the parking meter labels. He did not feel a label stating operation time, days and hours (operating procedures) was not a sign. He further stated that in reviewing the Town Center Design Manual there is a need for clarification on that issue, it should be brought back to the Agency forthwith to take action on. Director Goss stated he was not totally familiar with the issue but did want to advise the Agency that there has been some problem with clarification of language, whether it is a label or a sign, it will be going through the budget process. Staff will be looking at proposals from the Finance Department and at this point, there has been no decision as to what will or will not be recommended to the Agency, but it will be included in the budget process. Chairman Cox requested the item be docketed for the next Agency meeting for discussion. 10. MEMBER'S COMMENTS - None The Redevelopment Agency adjourned at 7:33 p.m. to the regular meeting of Thursday, March 6, 1990 at 4:00 p.m. in the City Council Chambers. Respectfully submitted, .,BEVERLY A. AUTHELET, CMC, City Clerk Vicki Soderquist, Deputy ~ Clerk