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HomeMy WebLinkAbout080294 RDA AgendaAGENDA CITY OF TEMECULA OLD TOWN REDEVELOPMENT ADVISORY COMMITTEE A REGULAR MEETING TEMECULA CITY HALL - ADMINISTRATIVE CONFERENCE ROOM 43174 Business Park Drive AUGUST 2, 1994 - 6:30 PM CALL TO ORDER: Flag Salute ROLL CALL: Committee Members: Chairman Dallas Gray presiding. Committee Member Jenkins Bridges, Gray, Jenkins, Maurice, Pelonero, Reed, Walton PUBLIC COMMENTS A total of 15 minutes is provided so members of the public can address the Council on items that are not listed on the Agenda or on the Consent Calendar. Speakers are limited to two (2) minutes each. If you desire to speak to the Council about an item not listed on the Agenda or on the consent Calendar, a pink "Request To Speak" form should be filled out and filed with the City Clerk. When you are called to speak, please come forward and state your name and address. For all other agenda items a "Request To Speak" form must be filed with the City Clerk before the Council gets to that item. There is a five (5) minute time limit for individual speakers. COMMITTEE BUSINESS Minutes RECOMMENDATION: 1.1 Approve the minutes of June 13, 1994 1.2 Approve the minutes of July 5, 1994 EXECUTIVE DIRECTOR'S REPORT 2 Sti~ulated JudQement in the Matter of the Robert Dawes/Save Historic Old Temecula Lawsuit RECOMMENDATION: 2.1 Receive and file report COMMITTEI~ MEMBER REPORTS ADJOURNMENT Next regular meeting: September 6, 1994 6:30 PM, Temecula City Hall, Main Conference Room, 43174 Business Park Drive, Temecula, California CITY OF TEMECULA MEMORANDUM TO: FROM: DATE: SUBJECT: Old Town Redevelopment Committee Ronald E. Bradley, City Manager ~,~r/~/7~ July 27, 1994 Meeting on August 2, 1994 As you are aware, we did not have a quorum for the July 5th meeting and I have carried over all of the items that were on that agenda. In addition, the City Council scheduled a workshop on economic development activities for 6:00 p.m. on August 2nd which presents a conflict for me. Since I must attend the City Council meeting, I have asked Dave Hogan to attend your meeting as our staff resource. REB:ss Item No. I MINUTES OF A REGULAR MEETING OF THE CITY OF TEMECULA OLD TOWN REDEVELOPMENT ADVISORY COMMITTEE JUNE 13, 1994 - 6:30 PM A regular meeting of the City of Temecula Old Town Redevelopment Advisory Committee was called to order on Tuesday, June 7, 1994, 6:30 P.M., at the Temecula City Hall Administrative Conference Room, 43174 Business Park Drive, Temecula, California, Chairman Dallas Gray presiding. Committee Member Susie Bridges led the flag salute. PRESENT: 6 COMMITTEE MEMBERS: Bridges, Gray, Maurice, Pelonero, Reed, Walton ABSENT: 1 COMMITTEE MEMBERS: Jenkins Also present were City Manager/RDA Executive Director Ron Bradley and City Clerk/RDA Secretary June Greek. PUBLIC COMMENTS None COMMITTEE BUSINESS 1. Approval of Minutes It was moved by Committee Member Maurice, seconded by Committee Member Bridges to approve the minutes of the meetings of May 31, 1994 and June 7, 1994. Committee Member Reed stated regarding the minutes of May 31, 1994, she voted "yes" on the motion to make Redevelopment Agency low-interest funds available immediately for renovation or upgrading of existing businesses and that the limit of the low interest loans be raised to an amount in excess of $100,000. She asked that the minutes be corrected to reflect that vote. The motion to approve the minutes of May 31, 1994 as amended and June 7, 1994 was carried by the following vote: AYES: 6 COMMITTEE MEMBERS: Bridges, Gray, Maurice, Pelonero, Reed, Walton NOES: 0 COMMITTEE MEMBERS: None ABSENT: 1 COMMITTEE MEMBERS: Jenkins RDC06/13/94 1 06108/94 OLD TOWN REDEVELOPMENT ADVISORY COMMITTEE MINUTES JUNE 13, 1994 AuthOrization for ConsultinQ Services Aqreements - Traffic linDact Analysis end Architectural and Plannine Services - Old Town Entertainment Project Committee Member Walton questioned if bids were done to solicit the consulting services. Mr. Bradley responded that selection of these professional service providers was done on a mutually agreed upon basis with Mr. Zev Buffman since he is paying 50% of the cost of these studies. Chairman Gray indicated some concern regarding the weekday evening peak-hour counts being taken between 4:00 and 6:00 PM. He stated he felt they should be more time specific to hours during the day when the entertainment project will be impacting the study intersections. He also questioned why Sunday traffic is not being addressed. Mr. Bradley advised that the traffic study is to assist the City in making a "Go, No Go" decision. He said the traffic impacts for 24 hours daily will be considered in depth if the decision is that the project is to be undertaken by the City. Committee Member Reed questioned the $1,000.00 fee from Barton-Aschman for meetings with Senior-level staff members. She specifically asked if this charge would be in addition to the contract amount. Executive Director Bradley explained that the contract is based on a time and materials charge system and that any charges in excess of the approved allocation must be approved by the City. It was moved by Committee Member Maurice, seconded by Committee Member Bridges to approve staff recommendation as follows: RECOMMENDATION: 2.1 Review and comment on agreements with Wimberly, Allison, Tong and Goo for architectural and planning services not to exceed $54,620 and with Barton- Aschman for Traffic Analysis not to exceed $34,000. The agreements will be subject to the approval of the Executive Director and General Counsel as to the final form. EXECUTIVE DIRECTOR'S REPORT City Manager/RDA Executive Director Ron Bradley reported that staff is meeting weekly on the entertainment project. The most significant meeting since his last report has been with a team of investors who may be involved with any future bonding program which might take place. He stated that the firms of Jones, Hall, Hill and White has met with the City to discuss bonding and Hindeliter deLlamas has met regarding the target area economic and feasibility analyses. He also stated that he has reviewed the matter of the committee holding a closed session with the City Attorney who advised that it could be held under the provisions of Government Code Section 54956.9(b) to discuss potential litigation. RDC06/I 3/94 2 06108194 OLD TOWN REDEVELOPMENT ADVISORY COMMITTEE MINUTES JUNE 13, 1994 Closed Session It was moved by Committee Member Reed, seconded by Committee Member Walton to adjourn to a closed session at 6:56 PM under Government Code Section 54956.9(b). The motion was unanimously carried with Committee Member Jenkins absent. The meeting was reconvened in regular session at 8:55 PM. Executive Director Bradley announced that the members of the committee have instructed him to provide them with additional idformation regarding potential litigation. COMMITTEE MEMBER REPORTS None ADJOURNMENT It was moved by Committee Member Walton, seconded by Committee Member Reed to adjourn at 8:57 PM to a meeting to be held July 5, 1994, 6:30 PM, Temecula City Hall, Main Conference Room, 43174Business Park Drive, Temecula, California. The motion was carried unanimously carried with Committee Member Jenkins absent. Chairman Dallas Gray June S. Greek, City Clerk RDC06113/94 3 06108194 MINUTES OF A REGULAR MEETING OF THE CITY OF TEMECULA OLD TOWN REDEVELOPMENT ADVISORY COMMITTEE JULY 5, 1994 A regular meeting of the City of Temecula Old Town Redevelopment Advisory Committee was held on July 5, 1994, 6:30 P.M. at Temecula City Hall Main Conference Room, 43174 Business Park Drive, Temecula. PRES.ENT: 3 COMMITTEE MEMBERS: 'Reed, Walton, Gray ABSENT: 4 COMMITTEE MEMBERS: Bridges, Jenkins, Maurice, Pelonero Also present were City Manager Ronald Bradley and Recording Secretary Gall Zigler. Due to a lack of quorom the meeting was cancelled at 6:45 P.M. Chairman Dallas Gray Secretary RDCMIN07/05/94 1 d7/20/94 Item No. 2 CITY OF TEMECULA MEMORANDUM DATE: TO: FROM: SUBJECT: July 25, 1994 Old Town Redevelopment Advisory Committee Ronald E. Bradley, City Manager Stipulated Judgment in the Matter of the Robert Dawes/Save Historic Old Temecula Lawsuit A stipulated judgment was filed in settlement of the above-noted lawsuit on June 5, 1991. The obligations of the Redevelopment Agency under the original judgment are summarized as follows: 1) Total tax increment revenue allotted or paid to the Agency (net of housing set aside, debt service, pass-throughs to other taxing entities and certain administrative costs) shall not exceed $60,000,000. 2) The maximum tax increment that can be used in connection with redevelopment of properties located within the Old Town area is $30,000,000. 3) If funds have no.t been spent, as allocated by the judgment, by June 5, 1996, funds can be reallocated from and/or to the Old Town area subject to submission of a reallocation plan to the Old Town Redevelopment Advisory Committee. 4) Tax increment revenue shall be used for "legitimate redevelopment purposes." 5) An Old Town Redevelopment Advisory Committee shall be formed, consisting of seven residents and/or business owners. Three are to be appointed by the Council and four elected. The Committee shall review any and all redevelopmerit action proposed to be undertaken by the City/Agency within the Old Town area and provide a report to the City/Agency. 6) All loans made by the Agency shall bear interest at the rate of prime plus 2 %. Old Town Redevelopment Advisory Committee July 12, 1994 Page 2 On February 23, 1994, an interim stipulation was agreed upon by the parties modifying the judgment as follows: 1) The total tax increment revenue which can be allotted 'or paid to the Agency is incre~_~,-xt from $60,000,000 to $150,000,000 without apportionment between the Old Town area and the area outside of Old Town. 2) Tax increment revenue can be spent for 'infrastructure* and for any other lawful activities pursuant to community redevelopment law. 3) The interest rate on funds loaned by the Redevelopment Agency was changed from 2 % over prime to 1% over prime. 4) The Old Town Redevelopmerit Advisory Committee was decreased from seven to five numbers, all to be appointed by the City Council. Although these changes were agreed upon by the parties to the lawsuit, the revised stipulation has not been filed with the Court and it is still possible to make adjustments. As discussed in my previous memo on this matter dated 6/13/94, I have recommended to the City Council that the Committee structure remain a seven member body, four elected and three appo'mted, as agreed upon in the initial stipulation. With respect to the apportionment matter, given that the revised stipulation gives the Agency the ability to spend the entire $150,000,000 of tax increment revenue in the Old Town area, I am proposing that this' language remain. Finally, I am proposing to remove in its entirety, the limitation on interest rates for Agency loans since it could limit the Agency's ability to implement future redevelopmerit plans including providing favorable financing to Old Town businesses. The Agency should retain the flexibility to establish loan terms based on project needs and market conditions as they may change from time to time. Murray Kane, Counsel for Dawes, et at., has suggested a meeting with Mel Hirschi, the original Save Historic Old Town Temecula attorney and an original member of that group. I have agreed and this meeting w'~l occur in August. I will place the matter on the agenda for discussion at the next regularly scheduled for meeting and prior to initiating action to revise the stipulations.