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HomeMy WebLinkAbout05/12/1997 - City Council Special Meeting - Redevelopment AgencyROLL CALL SPECIAL JOINT MEETING OF THE CITY COUNCIL AND REDEVELOPMENT AGENCY CITY OF' COSTA MESA MAY 12, 1997 The City Council and the Redevelopment Agency of the City of Costa Mesa, ,California, met in special joint session MaY 12, 1997, at 6:20 p.m., following the regular 5:30 p.m. Agency meeting, in first floor Conference Room A, City Hall, 77 Fair Drive, Costa Mesa. Notice of the special joint meeting was given as required by law. The meeting !was called.to order by Mayor/Agency Member Buffa. Council/Agency Members Present: Mayor/Agency Member Peter Buffa Mayor Pro Tem/Agency Chair- person Gary Monahan Council Member/Agency Vice Chairperson Libby Cowan Council/Agency Mernhi;"r-_Joe Erickson Council/Agency Member Heather Somers Council/Agency Members Absent None Officials Present: City Manager/Agency Executive Director Allan Roeder City Attorney Thomas Kathe Redevelopment and Housing Manager Muriel Ullman Management Analyst Paula Schaefer Deputy City Clerk Mary Elliott PUBLIC HEARING IMayor/Agency Member Buffa announced the joint City Disposition and ;Council/Redevelopment Agency public hearing to consider Development the proposed Disposition and Development Agreement Agreement with T'DDA") between the Costa Mesa Redevelopment Agency Plaza Costa Mesa, land Plaza Costa Mesa, LLC ("Developer"). LLC jThe Redevelopment and Housing Manager reported that the ;public notice was published on April 28 and May 5, 1997, in jthe Newport Beach -Costa Mesa Daily Pilot newspaper, ,notifying citizens of the public hearing and availability of the !documents to be considered at this hearing. Mayor/Agency Member Buffa reported that the DDA under consideration provides that after certain conditions are met, the Redevelopment Agency will sell to Plaza Costa Mesa a 77,823 -square -foot parcel at the northwest corner of 18th Street and Newport Boulevard, and Plaza Costa Mesa will build a 21,150 -square -foot retail development on the property (the "Project"). He noted that the property is currently vacant. 1 Mayor/Agency Member Buffa stated that pursuant to the Community Redevelopment Law, the Redevelopment Agency's consultant, Keyser Marston and 'Associates, prepared a summary report for this project which sets forth the cost of the DDA to the Redevelopment Agency, the estimated value of the property to be conveyed determined at the highest uses permitted under the Redevelopment Plan, the estimated value of the property to be conveyed determined at the use and with the conditions, covenants, and development costs required by the DDA, the purchase price for the property, and an explanation of why the sale of the property will assist in the elimination of blight. He mentioned that each Council/Agency Member received a copy of the summary report, and asked the Redevelopment and Housing Manager to file a copy of the report with the records of this hearing. Mayor/Agency Member Buffa noted that the Redevelopment Agency special Council was present to respond to any questions on the project and the DDA. Council/Agency Member Somers asked for additional information on the imputed interest shown on page 3 of the summary report. The Redevelopment and Housing Manager responded that the Agency acquired property over approximately 17 years, and that figure is the interest on funds which would have accrued over 17 years if they had been placed in a bank account; therefore, imputed interest represents the lost opportunity costs for purchasing property as opposed to earning interest on the money in a bank account. She added that the fair market value report which staff is required to publish dictates that it include the imputed interest in the cost of the project. Mayor/Agency Member Buffa invited members of the public to comment on the summary report, the Project, and the DDA. Since there were no speakers, and no additional questions from Council, he closed the public hearing. Mayor/Agency Member Buffa announced that pursuant to the California Environmental Quality Act (CEQA) and its guidelines, the Redevelopment Agency staff prepared and circulated a draft Negative Declaration of Environmental Impact for the project. The Redevelopment and Housing Manager reported that a notice of intention to adopt a Negative Declaration was posted with the County Clerk on December 25, 1996, and publishedon November 1, 1996, in the Newport Beach - Costa Mesa Daily Pilot newspaper, notifying citizens of the proposed Negative Declaration. Mayor/Agency Member Buffa referred to a copy of the proposed Negative Declaration and stated that any ccrnment's which may have been received were considered by staff and.. =_ consultants and, if appropriate, included in thq document.=, He asked that the Redevelopment and Housing Manager file--- a ile-a copy of the proposed Negative Declaration with the records of this hearing. There were no questions or comments, -from the Council/Agency regarding the proposed. -Negative Declaration. API Mayor/Agency Member Buffa announced that staff has prepared resolutions for the City Council and Redevelopment Agency certifying the Negative Declaration, approving the Project and the DDA, and making certain findings as required by law. At the request of Mayor/Agency Member Buffa, the Redevelopment and Housing Manager read the titles of the proposed resolutions. I MOTION A motion was made by Council Member Erickson, seconded Council Resolution by Council Member Somers, to adopt Resolution 97-41, A 97-41 Adopted RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA, MAKING CERTAIN FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE RECEIVED BY THE COSTA MESA REDEVELOPMENT AGENCY PURSUANT TO SAID AGREEMENT; AND APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY AND - PLAZA COSTA MESA, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY. At the request of the Mayor, the Deputy City Clerk polled the Council, and the motion carried 5-0. (MOTION Agency Member_ Erickson made a motion, seconded by ,Agency Resolution Agency Vice Chairperson Cowan, to adopt Resolution 204-97 Adopted 204-97, A RESOLUTION OF , THE COSTA MESA REDEVELOPMENT AGENCY APPROVING A NEGATIVE DECLARATION; APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY AND PLAZA COSTA MESA, LLC, A CALIFORNIA. LIMITED LIABILITY COMPANY; AND AUTHORIZING THE EXECUTION AND IMPLEMENTATION OF SAID DISPOSITION AND DEVELOPMENT AGREEMENT. At the request of Agency Member Buffa, the Deputy City Clerk polled the Agency, and the motion carried 5-0. ADJOURNMENT Mayor/Agency Member Buffa declared the special joint meeting adjourned at 6:30 p. I I Mayor of the City of C s a esa TTEST: (Deputy I Clerk of the City of Costa Mesa