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HomeMy WebLinkAboutR03-Redevelopment Agency o o o o o Uu.VAlNnIIUU COlwu.n:A6 III.UTIS ac:m.&R 1IUl.".lJfti February 7, 1991 4:00 p... The Relu1ar Meetina of the Redevelopment Committee was called to order by ChairwOllWl Isther Istrada at 4:12 p.II., in the Iconomic Development Alency Conference Room, Fourth Floor, City Hall, 300 Borth "D" Street, San Bernardino. ROLL I!AY.I. Roll call was taken wi th the followill& lIembers bein& present: ChairwOllWl Isther latrada, Committee Member Je.s Flores and Committee Member Mike Maudsley. trr,.. _..... Timothy Steinhaus, Administrator, Iconomic Development Aaency; Kenneth J. Henderson, Bxecutive Director, Development Department; Dennis A. Barlow, Senior Assistant City Attorney; John Hoeler, Development Manaler, Development Department; Lorraine Velarde, Bxecutive Assistant to the Mayor; Phil Arvizo, Bxecutive Assistant to the Council; Deborah Marez, Recordina Secretary, Development Department. M'IIRIPR U A'l"l'RllnAIIt!R Bonnie Goler, Golwix Properties; Francine A. Wixen, GolwIx Properties; Rick Colvey, Surf City; Frank Schuetz, F. I. Schuetz Brolteraae; Russell Clark, Surf City; Rhonda Connolly, Miller and Schroeder; John Larson, Holmes and Craven; Graham Witherall, The Sun. 2. r.Im'rIIlT. CITY SDmII VA'I'I!R DIllIE PA1P'I' - S1mF CITY USA (Taken out of order.) John Hoeler, Manaler, Development Division, summarized the staff report and lave a brief presentation of the newly revised proposal totallina $13,500,000 for construction of a water theme park on seventeen (17) acres, located primarily on the Wixen property in Central City South, and also involvina property located to the south. The report outlined details on taxable versus tax-exempt financina; phasina of construction; capital investment requirements, and; financina alt!!rnstives. Mr. Hoeler noted that the marketina studies were based upon the primary service area beina within a fifteen (15) miles radius. He pointed out that the Committee should consider potential liability issues involved in the case of accidental drownina and stated on-site risk manslement should be included as a requirement of the park. REDEVELOPMERT COMMITTEE REGULAR MEETING - 1 - FEBRUARY 7, 1991 5301 (dlm) .~11 . o o o o o Leaathy discussion ensued reaard1D& competition from other theme parks; expectations for the lone-term life of the park, and projections of sttracting customers on a seasonal basis. John Larson, from Holmes and Grsven, and Rhonda Ccmnolly, from Miller and Schroeder, presented their feasibility analyses relative.to financing the project throuah bonds, as well as the possibility of dividing the difference between taxable and tax-exempt rates. They concluded it would not be possible to do the financing on a tax-exempt basis for a private party. The project, therefore, would need to be looked at as a City venture with the City owning the project, inCluding equity. Furthermore, they atatad it would be difficult to locate an institutional investor that would finance this type of project, with $15,000,000 being all inclusive and the financing being taxable to the developer. Mr. Larson stated alternatives are available that involve additional equity, whether it is venture capital or land contribution, in order to provide some financial ..sistance. Other possibilities could be joint ventures between the City, landowners or developers in various ratios and accomplished on a taxable basis. Leaatby discussion ensued reaarding phasing the project to decrease initial costs ensuring the fifty-percent (SOX) equity requirement is met, alternatives in which the developer could meet the (SOX) equity requirement, ability of the developer to absorb the.first year's operating expenses, potential of hav1D& capital reserves in place, and projected expectations for daily and seasonsl revenue. Russ Clark, Surf City USA, said that if the project is approved, the park could be built in ninety (90) days, working double shifts. Mr. Henderson indicated Surf City should revise its proposal to include phasing schedule, proposed taxable/tax-exempt situations, possibility of a higher equity contribution, sttraction of aajor capital and analyses of the slternative issues previously mentioned. U,...-IItRII'&'l'TOR The Committee recommend this item be continued to the February 21, 1991 Redevelopment Committee meeting at which time Surf City USA will submit its revised proposal reflecting additional analysis pertaining to financial projections and phasing. 7. S"Kl<lIlth.IIIC OF R.D.A. co..u.rr_ IlEK'l'IIIGS IR IlUlCR (taken out of order) Eenneth J. Henderson, Executive Director, announced that, due to the March 5, 1991 elections, the Council meeting was adjourned to March 11, 1991, in addition to the reaular meeting scheduled the following Monday (March 18, 1991). Mr. Henderson requested the Committee's direction relative to schedUling of the Redevelopment Committee meetings for March. REDEVELOPMEllT COMMITTEE REGULAR MEETING - 2 - FEBRUARY 7, 1991 5301 (dlm) L'; o o o o o Phil Arvizo stated the nut reaular Coaaittee lIeetina was on February 21, 1991. ChairwOllan Istrada noted the Committee would discuas the March meetina schedule at the nut lIeetina. . ......., ,I ~ II ., I , No action taken. The Redeveloplllent Committee meetina will meet on February 21, 1991, as reaularl,. scheduled at which time the March meetina dates will be discussed and determined. 1. REPORT 011 11&. _AIInTWl BCOIlOllIC mnrRI.n__ COIJB'CIL CSRlme) ASSETS Kenneth J. Henderson, Ixecutive Director, stated that Sam Henley former Ixecutive Director of SBEDC, was not able to attend due to a previous commitment at the Chamber of Commerce. . Lorraine Velsrde commented that she is preparina a report for Mr. Henle,., which he is ezpectina prior to discussina this issue. Chairwoman Istrada saked Phil Arvizo to contact Mr. Henley and secure a convenient date whereby this isaue could" be addressed. nC^'---.uA'l'TOR The Committee recoaaended this item be continued. Phil Arvizo will contact Mr. Henley and arranae s date for his attendance. 3. rocn. mnrRI.n__ CORPOR&'l'TOII Kenneth J. Henderson, Ixecutive Director, requested this item be continued to February 21, 1991 as the documents pertainina to this items are not svailable due to computer equiplllent problems. D~IIA"IO. The Committee recommended this item be continued to the nut Redeveloplllent Committee meetina. 4. FIscn. VRAII crn 1991/1992 CDRC PROOUII III][ Kenneth J. Henderson, Ixecutive Director, stated that the Ma,.or and Common Council considered this item at its February 4, 1991 meetina and referred the matter to the Committee due to the receipt of additional information which could possibly impact proaram mix distribution. He stated that staff was recently notified by BUD that the F! 1991/1992 CDBG allocation totalled approximately $1,862,000. In addition, he further stated that one REDEVELOPMENT COMMITTEE REGULAR MEETING - 3 - FEBRUARY 7, 1991 5301 (dIm) - o o o o o percent (lX), (or $16,000) from the current year'a arant vaa held back and, aubsequently, added to the FY 1991/1992 allocation increaaina the total arant amount to $1,878,000. Mr. Benderson informed the Committee that the $16,000 could either be added to the PI 1990/1991 arant and final Statement of Objectivea or to the PI 1991/1992 arant. Be recommended includina the additional amount in the PI 1991/1992 prolram aa the Statement of Objectives for FY 1990/1991 vould have to be amended. Mr. Benderson aummarized the ataff report and hi&hli&hted ailnificant issues for the Committee's information and conaideration. Lenathy diacussion ensued pertainina to the allocation of funds to various cateaoriea reflected in the proaram mix. Mr. Benderaon atated the Lelislative Review Committee met earlier in the sfternoon and significant diacusaion vas conducted reaardina the atatus of the aidewalk infill prolram. Be further atated aimilar diacusaions could take place relative to the 1andacape development and maintenance prolram, in terms of what may happen becauae of the fifty-fifty (50-50) coata to be ahared with property ownera of low income requirina ..aiatance. Staff will provide a report of probable financial impacta to the Leaia1ative Review Committee. A meetina will be held with the Director of Public Works/Public Services and Fred Wi1aon, Asaiatant City Adminiatrator, diacuasina this matter and potential financial impact on low income residents. Chairwoman Estrada questioned the amount allocated for administrative costs. Mr. Benderson reaponded that the $375,600 reflects twenty percent (20X) of what is actually available, ao althou&h the budaeted cost is $375,000, the actual outlay of funda for the immediate paat fiacal year was $292,000, which was baaed upon the Grantee Performance report aubmitted to BUD. The difference is due to aalariea aaved aa a reau1t of exiatina poaitiona that have remained vacant in anticipation of the reorlanization. He added that a aignificant portion of fundina ia related to profeaaional aervicea, aa oppoaed to internal peraonne1 aervices and that it ia important to note that only three and one-half (3-1/2) to four (4) full time equivalents are actually charled to Adminiatration. The remainina peraonnel aervicea coata are taken from proaram income and income derived from the houaina rehabilitation proaram. The houaina rahabi1itation aection ia ae1f-aufficient and there are currently no aa1ariea or benefits charled to the adminiatration aubpart. Lengthy diacusaion ensued reaardina the uae of the Appropriated Reserve Account. Mr. Benderson stated the action recommended by staff is for the Redevelopment Committee to recommend to the Mayor and Common Council approval of the Fiscal Year 1991/1992 CDBG Proaram Mix, for the period belinnina July 1, 1991 and endina June 30, 1992. Further, that staff be authorized to solicit proposals for same. REDEVELOPMERT COIIMITTEE REGULAR MEETING - 4 - FEBRUARY 7, 1991 5301 (d1m) ,pc o o o o o UCO--."II"'"OR The Committee recommended this item be forwsrded to the "-yor and Common Council for considerstion and spprovsl. 5. CDBG PLOA'r t.n". lUll IBQPPIE I;--IAJ[ .'r .a-KLIB R'n.... AlII) MlDlCAL 1;III:IIITJliK nvTVR Kenneth J. Benderson, Executive Director, summarized the staff report for the Committee. Be ststed staff is recommending that the Redevelopment Committee recommend to the "-yor and Common Council approval of a resolution reducing the CDBG float loan contribution from $1,250,000 to $450,000, substituting Rev Frontier Commercial Properties, Inc., for Alexander Baagen Development Corporation as the developer of record, changing the name of the development project from West Side Shoppina Center to West Side Plaza, and repealing Resolution lUmber 88-287. Dr.A...II:"..,&"IOR The Redevelopment Committee recommended this item be forwarded to the Mayor and Common Council at its February 21, 1991 meeting for consideration and approval. 6. r.RRr.r SIGlIIIIG Awn SICIIA'I'IIIrR .&1n'IIll1!TTY Kenneth J. Benderson, Executive Director, atated the adoption of this resolution will remove Robert J. Temple as Assistant Secretary and authorized signer of the Development Department's safety depoait box, Department checks and vouchers, substitutes Timothy C. Steinhaus as authorized signer on same. All Department checks and vouchers will be signed by Mr. Steinhaus, as the principal, with Kenneth J. Benderson as the alternate, and will require the second signature of the Mayor, with Chairperson Isther Istrada as the alternate. Oco...K..II&TIOW The Redevelopment Committee recommended thia item be forwarded to the Community Development Commission at its February 21, 1991 meeting for consideration and approval. 8. ~ lIIIIrr.DR ClPA.... 1>IIIlCDA. (ZSGl) APPLlCA"IOlI Awn JlJ:OIIISTS FOR PmPO!t.al.R Kenneth J. Benderson, Executive Director, stated BUD staff strongly recommends and encourases entitlement cities to utilize a competitive bidding process for awarding of Imeraency Shelter Grant Proaram (ISGP) funds. This REDEVELOPMEl'lT COMMITTEE REGULAR MEETING - 5 - FEBRUARY 7, 1991 5301 (dIm) ""~C o o o o o recommendation is based upon concerns ~ BUD of cities having control of these funds and not providing other entities the opportunity to effectively compete for same. Based upon the above, staff recommends the fOllowing: (1) That staff be authorized to develop and submit to the U. S. Department of Bousing and Urban Development (BUD) an application for the City's FY 1991/1992 lIIerleney Shelter Grant Pro.ram allocation in the amount of $43,000. (2) That staff be authorized to solicit proposals from qualified, non-profit entities and that the Community Development Citizen Advisory Committee (CDCAC) be utilized to review eligible proposals and malte recommendations to the Mayor and Common Council, as appropriate. Mr. Benderson indicated that the Bome1ess Ad Boc Committee could be utilized as an alternative to the CDCAC for the proposal, review and recommendation process. Chairwoman Estrada stated her preference to utiliZing the Bome1ess Ad Boc Committee for this process. Dtn.-'::RIIA..-rOB The Redevelopment Committee recommended this item be forwarded to the Mayor and Common Council, amending the 1I0tion to read "Bomeless Ad Hoc Committee" in place of the "Community Development Citizen Advisory Committee". 9. l!I'.ftmm DSSIOII - ~T&"OIIS VIm mnrRT~nmllTCLlmrrs Kenneth J. Benderson, Executive Director, reiterated that the Committee preViously indicated its desire to conduct closed session nelotiations with prospective development clients relarding deal pOints, and related issues, without the possibility of premature articles being published in local newspapers. A resolution drafted ~ Ageney Counsel incorporating the above provides the Committee the authority to conduct closed sessions, not only for personnel, 1itilation and acquisitions, but also for sensitive negotiations with various developers. Dennis Barlow, Agency Counsel, sU&gssted the Committee mi&ht want to include language that encompasses real property negotiations as well. nr.._IIItRII&'rTOR The Redevelopment Committee recommended this item be forwarded to the Community Development Commission for approval of the resolution containing the necessary provisions that will allow the Committee to conduct closed sessions with developers in certain instances. REDBVELOPMDT COtIMITTBB REGULAR MEETING - 6 - FEBRUARY 7, 1991 5301 (dlm) o o o ._~.. ., o 10. CLOSED ft.'1SIOII !here were no Closed Session items to discuss. 11. an.T~ o !here be1na no further business, the D1eetina of the Redevelopment Committee was adjourned at 5:30 p.II., to February 21, 1991. APPROVED BY: ~...~ Esther Estrada, Chairwoman Redevelopment CODIDIittee ----. 5301R REDEVELOP!WlT COIIIUTTEE REGULAR MEETING - 7 - FEBRUARY 7, 1991 5301 (dIm) o o o ~C"~"'C r ' o o JmWIiY~J: ~XI6Ii III.UTES ADJUUJIIUW IIIH!IIUIP IIIBrIllG !larch 14, 1991 4:00 p... The Adjourned Regular Meetina of the Redevelopment CODllllittee was called to order by CODIIIIittee Member Jess Flores st 4:24 p.m., in the Economic Development Agency's Conference Room, Fourth Floor, City Hall, 300 North "D" Street, San Bernardino. ROLL t!&'.T. Roll call was taken with the followina members beina present: CODllllittee Member Jess Flores and CODIIIIittee Member Mike Maudsley. Also present was Mayor W. R. Holcomb. Absent: Chairwoman Esther Estrada. STAW PRESJ:Jrr Timothy C. Steinhaus, Administrator, Economic Development Agency; Kenneth J. Henderson, Executive Director, Development Department; Dennis A. Barlow, Senior Assistant City Attorney; Lorraine Velarde, Executive Assistant to the Mayor; Phil Arvizo, Executive Assistant to the Council; Deborah Marez, Recordina Secretary, Development Department. trrRR1P!t D A'PftlIInAWI!R Timothy Sabo, Sabo & Green, Special Counsel; Cassie MacDuff, The Sun. 1. PALIIIOLIVJ: 'rIII!RS (New item introduced by Mayor W. R. Holcomb) Mayor W. R. Holcomb said palm and olive trees are presently available to the City and could be a cost-effective way in Which to beautify the City, as the only costs the City would incurr are associated with relocation, plantina and maintenance of same. Discussion ensued relative to potential sites of the trees such as alona 5th and "E" Streets, and 4th and "E" Streets. Mayor Holcomb suggested tax allocation bond proceeds be utilized to finance costs associated with relocation and plantina of palm and olive trees to properties yet to be determined. CODllllittee Member Flores was concerned the olives would pose a sanitation problem and safety hazard durina fruit-bearina season. Mayor Holcomb stated the trees could be sprayed with chemicals to ensure they do not bear fruit, and, if in fact it became too much of a prOblem, the trees could be sold and/or removed. Mayor Holcomb estimated that the cost to relocate the trees would not exceed $20,000, and indicated approximately $800,000 is currently available from the beautification fund. REDEVELOPMENT COMMITTEE ADJOURNED REGULAR - 1 - MARCH 14, 1991 5327R(dlm) ~h o o o _.,,__c o o D~-K.IIA"IOR The Redevelopment Committee recommended approval of financial assistance in an amount not to ezceed $20,000 from its tez allocation bond proceeds beautification fund for the purpose of financina relocation and plantina of olive trees to City/Commissioned-owned land. ThiB item will be forwarded to the Co_ity Development Commission on March 18, 1991. IlAYOR JIOLCOIIB LIft DB IIDTDG Ar 4:37 p.m. 1. In'.D'RIIT.y DEVELlIPIIIlIT CORPOIIA'I'tOll ~enneth J. Henderson, Executive Director, briefed the Committee relative to the request submitted by Elderly Development Corporation with respect to a six (6) month Exclusive Ript to Begotiate (ED) agreement, as defined in the staff report. Committee Member Flores asked if the five-thousand dollar ($5,000) "good faith" deposit was reimburseable after six (6) months. Mr. Henderson answered thst, if certain conditions of the ED are not met, the $5,000 would be refunded. Mr. Henderson pointed out that the ED Agreement will not be forwarded to the Commission until appropriate signatures areobtained from the developer. RBCONmnuATIOB The Redevelopment Committee recommended that the item be forwarded to the Co_ity Development Commission on April 1, 1991. 2. Rn>A1I!ItOB 01' GlII.__d~Y nRVRrn_l<-r COIIMISSIOlI rmrcrIOBS Kenneth J. Henderson, Executive Director, stated this resolution formalizes policy actions taken by the Mayor and Common Council and Communi ty Development Commission, in connection with the Economic Development Agency (EDA) reorganization, allowina Community Development Commission authority to be expanded to incorporate additional functions, responsibilities and entities of the Economic Development Agency. DCu.....K..lllTIOlI The Redevelopment Committee recommended this item be forwarded to the Mayor and Common Council meetina on March 18, 1991 for approval, continaent upon the approval of agenda items numbered "4" through "6" without alterations. REDEVELOPMEnT COMMITTEE ADJOlJUED REGULAR - 2 - MARCH 14, 1991 5327R(d1m) o o o , ~"-"',- n'_' o o 3. COQftDA..-rOll "~1E1DII&I!II _B._E. 'rim CIft OP .". R1nnI.&DftTm Aim ftIR CtlII_BJ.YI mnnn.n-.. cmMtSSro. O~ ..... CIft o. ..W .....I1mI.. lCeDDeth J. Benderson, Ixecutive Director, atsted the resolution authorized the provision of City stsff to undertake functions of the Community Development Commission relative to the cooperation aareement. Furthermore, he noted that the adoption of the resolution would simplify collection of tax increment relative to the administrative budaet developed by the County Auditor Controller's office. It creates a legal form of indebtedness between the Commission and the City and allows for said indebtedness to be placed on the annual atstement of indebtedness submitted to the County. ' A discussion ensued regardina the proportioument of the mUltiple fundina sources, the impact on tax increment, the various programs generating fundina, as well .. the allocation of administrative costs and resources in conjunction with ten redevelopment project areas. DC4l--':-IIA"OR The Redevelopment Committee ~ecommended that the item be forwarded to the Community Development Commission meetina scheduled for March 18, 1991 for approval, continaent upon the approval of aaenda items numbered "4" through "6" as aubmitted in oriainal form. 4. Bll'l'ART.ISIIlm1rr OF BCOIlOllIC mnrRT.n_ &CIlIII!V POSITIOn Committee Member Flores indicated that Chairwoman Estrada requested this item be continued next week due to illness preventina her attendance. This item 18 scheduled to be placed on the CouncU/Commiasion aaenda for March 18, 1991. Lenathy discussion ensued regardina the impact of the other related reorganization motions Which were suppose to go before Council/Commission. Tim Sabo, Special Counsel, recommended to the Committee that the Cooperation Aareement be forwarded to the Commission in conjunction with the Job descriptions as a Whole packa&e. Timothy C. Steinhaus, Administrator, Economic Development Agency, suggested the Council/Commission adjourn to closed session before the meeting of March 18, 1991. Be felt that various concerns relatina to individual issues could be resolved at that time Which would allow for Council/Commission action the same day. -"'-&'1'10" The Redevelopment Committee recommended that this item be forwarded to the Community Development Commiasion meetina of March 18, 1991 for discus. ion and recommendation prior to the commencement of the meeting beina called to order. Aaenda items numbered "2" and "3" will be forwarded within the reoraanization packaae. REDBVELOPMBRT COMMITTEE ADJOIJRRED REGULAR - 3 - MARCH 14, 1991 5327R(dlm) o o o _w o o 5. nR'f."'YOII OJl I!RIrPI.T1I ~___~YI Dnlnn....... ....,____ POSUIOIIS U~IIII&ft01l The Redevelopment Committee recommended that this item be forwarded to the COImIIIlity Development COIIIIission meeUna scheduled March 18, 1991 for discussion and recommendation prior to the commencement of the meetina beina called to order. 6. D1!T....IO. 01' CD'I'ATII CClII__.UI DRVRl'n__ ClllMISSIOR POSrrIORS ~IIIIA'I'IOW The .edevelopment C_ittee recOllllended that the item be forwarded to the COImIIIlity Development COIIIIission meetina of March 18, 1991 for discussion and recommendation prior to the commencement of the meeting beina called to order. 7. CLOSED SUSIO. There were no Closed Session items for discussion. 8. .a.n.l~ ....-mlIIT There beina no further business, the Redevelopment Committee meetina was adjourned at 5:00 p.m., to March 21, 1991. APPROVED BY: REDEVELOPMENT COMMITTEE ADJOUllDD REGULAR - 4 - MARCH 14, 1991 5327R(d1m)