HomeMy WebLinkAbout07- Development Department . VELOPMENT DEPARTM � T
OF THE CITY OF SAN BERNARDINO
REQUEST FOR COMMISSION/COUNCIL ACTION
FROM: KF,NNFTII J. HENDERSON SUBJECT: GALSTIAN FAMILY TRUST
Executive Director LOAN RELIEF REQUEST
DATE: March 15, 1994
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Synopsis of Previous Commission/Council/Committee Action(s):
On October 1991, the Community Development Commission approved a $245,000 loan to the Galstian Family
Trust for the renovation of the Smart and Final Shopping Center.
On February 24, 1994, the Redevelopment Committee considered a loan relief request submitted by the Trust,
voiced its approval of same and directed staff to work out agreement and bring same to the Community
Development Commission for its consideration.
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Recommended Motion(s):
(Community Development Commission)
MOTION: That the Community Development Commission approve the loan relief request submitted by the
Galstian Family Trust subject to the terms and conditions set forth in the attached staff report,
direct Agency Counsel to prepare the necessary amendment to the agreement between the
Redevelopment Agency and the Galstian Family Trust and authorize the Chairman and Executive
Director to execute any documents necessary to effectuate the transaction as described herein.L� ty�14 IC,
1 1---
Administrator KENNETH J. 1JENDERSON
Executive Director
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Contact Person(s): Kenneth J. Henderson Phone: 5081
Project Area(s): Uptown Ward(s): Two 2)
Supporting Data Attached: Staff Report
FUNDING REQUIREMENTS: Amount: $ N/A Source: N/A
Budget Authority: N/A
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Commission/Council Notes:
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KAHmp:03-02-03 COMMISSION MEETING AGENDA
MEETING DATE: 03/21/1994
Agenda Item Number: 7
DEVELOPMENT DEPA 'MENT STAFF REPORT
Galstian Family Trust - Loan Relief Request
March 15, 1994
Page 2
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Based upon the foregoing, staff recommends adoption of the form motion.
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KENNETH '! Executive Director
Developmen Department
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KJH:1mp:03-02-03 COMMISSION MEETING AGENDA
MEETING DATE: 03/21/11999J4
Agenda Item Number: ' /