HomeMy WebLinkAboutR07-Economic Development Agency
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DEVELOPMENT DEPARTMENT
OF THE CITY OF SAN BERNARDINO
ECONOMIC DEVELOPMENT AGENCY
REOUEST FOR COMMISSION/COUNCIL ACTION
FROM: KENNE'IH J. HENDERSON
Executive Director
SUBJECf: FREEWAY HOME CENTER
DAlE: October 12, 1994
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SvnQpsi!li of Previous CnmmiMionlCouncillCoRlmittee Action(s):
On October 3, 1994, the Community Development Commission conceptuaUy approved an Owner Participation
Agreement with ADan Steward, Inc.
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Recommended Motion(!li):
(Communi" Develogment CommillGool
(Chairman Minor's Recommendation)
MOTION:
That the Community Development Commission take action to reconsider the
October 3, 1994, conceptually approved Owner Participation Agreement with Allan
Steward, Inc.
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KENNETHJ.HENDERSON
Executive Director
Administrator
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Contact Person(s): K~nnP.th J. Hp.nMdnn
Phone:
5081
N/A
Project Area(s): N/A
Ward(s):
Supporting Data Attached: Memorandum dated October 11. 1994 from CouncilmAn Hemantiez
FUNDING REQillREMENTS: Amount: $ N/A
Budget Authority: N/A
Source:
N/A
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Commission/Coundl Notes:
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KJH:fwyh0m2.cdc
COMMISSION MEETING AGENDA
MEETING DATE: 10/17/1994
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Agenda Item Number:
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DEVELOPMENT DEPARTMENT
ECONOMIC DEVELOPMENT AGENCY
STAFF REPORT
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FREEWAY HOME CENTER
On October 3, 1994, the Community Development Commission in regular session conceptually
approved key deal points and a Owner Participation Agreement with Allan Steward, Inc., to
acquire property, refurbish and lease the subject center located at 1405 to 1680 "E" Street. Staff
was further given direction to draft and execute all necessary documentS to consummate an
agreement without further approval from the Conunission. Pursuant to the attached
memorandum from Mayor Minor dated October 12, 1994, staff is again placing this matter before
the Commission at its October 17, 1994 Conunission Meeting for deliberation and action as
deemed appropriate.
While no written report of current transactions is attached to this report due to fast developing
actions to consummate the project, staff will be prepared to provide a verbal status report.
Based on the foregoing, staff recommends adoption of the fonn motion.
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A G\:~,-~u C::__./: -, cis-< Fit /J-C
KENNETH J. HENDERSON, Exec6tive Director
Development Department
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KJH:fwyhoml.cdc
COMMISSION MEETING AGENDA
MEETING DATE: 10/17/1994
Agenda Item Number:
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OCT-12-'94 15: 18 ID:CITY OF 5PN BDHO
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SUlUECT:
DATE:
COPIES:
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TEL NO:9B9-384-5461
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11655 Pel2
city of Ban BernardIno
INTDOFFl:eE HllKORANDV)!
OFnCE OF '1'BB nYOR
Till steinhauB, Aqency Director
Eeeno_to Development Agency
Hayor TOll! Kinor
AL STEWARD-!'REEWAY HOKE CENTER PROJECT
october 12, 1994
J. Lorraine Velarde, Mayor'. Executive As.tatant
Please place. the above :t"$ferenced item on the October 17, 1994
Agenda for reoonlillderation.
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Mayor '1'011 Hinor
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