HomeMy WebLinkAbout071498 RDA Minutes MINUTES OF A REGULAR MEETING
OF THE TEMECULA REDEVELOPMENT AGENCY
JULY 14, 1998
A regular meeting of the City of Temecula Redevelopment Agency was called to order at 7:55
P.M., at the City Council Chambers, 43200 Business Park Drive, Temecula, Califomia.
Chairman Lindemans presiding.
ROLL CALL
PRESENT: 5
ABSENT: 0
AGENCY MEMBERS:
Comerchero, Ford, Roberts,
Stone, and Lindemans.
AGENCY MEMBERS: None.
Also present were Executive Director Bradley, City Attomey Thorson, and City Clerk Jones.
PUBLIC COMMENTS
None.
CONSENT CALENDAR
1. Minutes
1.1 Approve the minutes of June 16, 1998.
MOTION: Agency Member Stone moved to approve Consent Calendar Item No. 1. The motion
was seconded by Agency Member Comerchero and voice vote reflected unanimous approval.
At this time, the City Council reconvened.
JOINT CITY COUNCIL/REDEVELOPMENT AGENCY PUBLIC HEARING
Agency Member Stone advised that he would be abstaining with regard to these Items.
It was the consensus of the City Council/Redevelopment Agency that Public Headng Item Nos. 2
and 3 be considered together.
rninutes. RDA~071498 1
Disposition and Development Agreement and Ground Lease for the North Puiol
Redevelopment Project
2.1 That the City Council adopt a resolution entitled:
RESOLUTION NO. 98-63
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING THAT CERTAIN AGREEMENT
ENTITLED DISPOSITION AND DEVELOPMENT AGREEMENT
BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF
TEMECULA AND TEMECULA GARDENS, L.P., DATED AS OF
JULY 1, 1998, AND THAT CERTAIN GROUND LEASE BETWEEN
THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA
AND TEMECULA GARDENS, L.P., DATED AS OF JULY 1, 1998,
FOR THE REDEVELOPMENT OF CERTAIN PROPERTY WITHIN
REDEVELOPMENT PROJECT NO. I - 1988
2.2
That the Redevelopment Agency adopt a resolution entitled:
RESOLUTION NO. RDA 98-11
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
IREDEVELOPMENT AGENCY OF THE CITY OF TEMECULA
APPROVING THAT CERTAIN AGREEMENT ENTITLED
DISPOSITION AND DEVELOPMENT AGREEMENT AND THAT
CERTAIN GROUND LEASE BETWEEN THE REDEVELOPMENT
AGENCY OF THE CITY OF TEMECULA AND TEMECULA
GARDENS, L.P., EACH DATED AS OF JULY 1, 1998, FOR THE
REDEVELOPMENT OF CERTAIN PROPERTY WITHIN
REDEVELOPMENT PROJECT NO. 1-1988
Adoption of a Resolution Authodzinc3 the Borrowing and Lendinc~ of Funds for the Purpose
of Financing a Multi-Family Residential Rental Proiect
3.1
Adopt a resolution entitled:
RESOLUTION NO. RDA 98-12
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF TEMECULA AUTHORIZING THE BORROWING AND
LENDING OF FUNDS BY THE AGENCY FOR THE PURPOSE OF
FINANCING THE ACQUISITION, REHABILITATION AND
CONSTRUCTION OF A MULTI-FAMILY RESIDENTIAL RENTAL
PROJECT, AND APPROVING RELATED DOCUMENTS AND
ACTIONS
minutes .RDA~0714,98 2
Housing and Redevelopment Manager Meyer presented the staff report (as per agenda material).
At this time, Mayor Roberts invited public input.
Mr. James Silverwood, 200 E. Washington Avenue, #208, Escondido, President of Affirmed Housing
Group, developer of Temecula Gardens, L.P., requested the Councilmembers' support of the
proposed recommendation. Commenting on the complexity of this project, Mr. Silverwood extended
appreciation to City staff for their associated efforts.
At this time, Mayor Roberts dosed the public headng.
Although City Council/staff discussion, this evening, may appear limited to the public, Councilman
Comerchero commented on the amount of time and work that has been put forth by Council and
staff with regard to this matter.
MOTION: Councilmember/Agency Member Lindemans, seconded by Councilmember/Agency
Member Ford, moved to concur with the staff recommendation for Public Headng Item Nos. 2 and
3. Voice vote on the motion reflected unanimous approval with the exceg~tion of
Councilmember/Agency Member Stone who abstained.
At this time, City Council recessed.
AGENCY BUSINESS
4.
Acc~uisition of a Note for Property located at 28545 Front Street (APN 922-036-031) for the
Affordable Housin~ Pro.qram
4.1 Adopt a resolution entitled:
RESOLUTION NO. RDA 98-13
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF TEMECULA APPROVING THAT CERTAIN AGREEMENT
ENTITLED NOTE PURCHASE AGREEMENT AND JOINT ESCROW
INSTRUCTIONS NOTE PURCHASE AGREEMENT FOR
ACQUISITION OF A NOTE FOR CERTAIN REAL PROPERTY
LOCATED AT 28545 FRONT STREET (APN 922-036-031) IN THE
CITY OF TEMECULA
Housing and Redevelopment Manager Meyer presented the staff report (of record).
City Attorney Thorson noted that the proposed resolution will be amended to reflect the correct title
of Note Purchase Agreement.
MOTION: Agency Member Roberts moved to concur with the staff recommendation. The motion
was seconded by Agency Member Comerchero and voice vote reflected unanimous approval with
the exception of Agency Member Stone who abstained.
minutes. RDA~071498 3
EXECUTIVE DIRECTOR'S REPORT
No comments.
AGENCY MEMBERS' REPORTS
No comments.
ADJOURNMENT
At 8:02 P.M., the Temecula Community Services District meeting was formally adjoumed to
Tuesday, July 28, 1998, at 7:00 P.M., City Council Chambers, 43200 Business Park Drive,
Temecula, California.
ATTEST:
Lindemans, Chairman
[SEAL]
rninules. RDA%071498 4