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HomeMy WebLinkAbout082294 OTRAC Minutes .- -,J_' '. . MINUTES OF A SPECIAL MEETING OF THE CITY OF TEMECULA OLD TOWN REDEVELOPMENT ADVISORY COMMITTEE AUGUST 22,1994 A special meeting of the City of Temecula Old Town Redevelopment Advisory Committee was called to order on Monday, August 22, 1994,6:30 P.M., Temecula City Hall Main Conference Room, 43174 Business Park Drive, Temecula, California, Chairman Dallas Gray presiding. PRESENT: 5 COMMITTEE MEMBERS: Bridges, Jenkins, Pelonero, Reed, Gray ABSENT: 2 COMMITTEE MEMBERS: Maurice, Walton Also present was City Manager Ronald E. Bradley and Recording Secretary Gail Zigler. PUBLIC COMMENT None COMMITTEE BUSINESS 1 . RDA Commercial Small Business Loan City Manager Ron Bradley presented the staff report and outlined the two loan requests. Tom Leevers, representing the applicants, Scarcella's Pizza and Ladd Penfold, provided history of the loan requests and the proposed project. City Manager Bradley explained the loan requests depart from the policy the City Council adopted which placed a $100,000 cap on loans of this type. He said the loan review committee felt the significance of this project and the. location, warrant a change in the current policy. It was moved by Committee Member Reed, seconded by Committee Member Bridges to approve an RDA small business loan to Scarcella's Pizza and Pasta in the amount of $120,000 and Ladd Penfold in the amount of $198,000. The motion carried as follows: AYES: 4 COMMITTEE MEMBERS: Bridges, Jenkins, Reed, Gray NOES: 1 COMMITTEE MEMBERS: Pelonero ABSENT: 2 COMMITTEE MEMBERS: Maurice, Walton RDCMIN08/22/94 09/07/94 ..'.J. _...... .. . OLD TOWN REDEVELOPMENT ADVISORY COMMITTEE MINUTES AUGUST 22. 1994 EXECUTIVE DIRECTOR'S REPORT City Manager Ron Bradley advised the Committee the Price Waterhouse study of the Old Town Temecula Entertainment Project will be presented to the City Council on Wednesday, September 7, 1994. City Manager Bradley asked the Committee to attend the meeting and to cancel the regularly scheduled meeting for September 6, 1994. COMMITTEE MEMBER REPORTS Committee Member Jenkins said the Main Street Bridge has recently been modified with the addition of a four foot rail. He said the modification to the railing makes visibility difficult when exiting from the apartment developments on Main Street, just past the bridge. Chairman Gray asked about the status of the meeting between Mel Herschi, Murray Kane and the City. City Manager Bradley responded that he had met with Mr. Herschi today and provided him with the names and phone numbers of the Committee Members. ADJOURNMENT It was moved by Committee Member Reed, seconded by Committee Member Jenkins to cancel the September 6, 1994 meeting in lieu of the special meeting to be held on Wednesday, September 7, 1994 regarding the Old Town Temecula Entertainment Project. The next regular meeting of the City of Temecula Old Town Advisory Committee will be held on Tuesday, October 4, 1994,6:30 P.M., at the Temecula City Hall Main Conference Room, 43174 Business Park Drive, Temecula, California. The motion was unanimously carried with Committee Member Maurice and Committee Member Walton absent. Chairman Dallas Gray ATTEST: RDCMINOB/22/94 2 09/07/94