HomeMy WebLinkAbout12/15/93 MINUTES RABAKERSFIELD CENTRAL DISTRICT DEVELOPMENT AGENCY
MINUTES
SPECIAL MEETING OF DECEMBER 15, 1993
SPECIAtME~TING - 3:00 P.M. - Council Chambers, city Hall
1501 Truxtun Avenue, Bakersfield
1. ROLL CALL
ACTION TAKEN
Present:
Absent:
Agency Members Araujo, Cohrs
(seated at 3:09), Gaskill,
Lindsay, Morea, Prince, Sceales
None
OLD BUSINESS
Continued hearing to consider the
Disposition and Development Agreement
with the city of Bakersfield and John
Q. Hammons for the Bakersfield Conven-
tion Center Hotel Project pursuant to
the Tax Equity and Fiscal Responsibility
Act of 1982 (TEFRA).
Executive Director Tandy presented
background information and apprised
Agency of amendments made to the DDA
from the initial document up to the
final agreement for adoption today.
Economic Development Director Wager
distributed a memo, dated December
15, 1993, providing correspondence
from Richard L. Botti, Keyser-
Marstron Associates Inc., summarizing
the review of the business assumptions
used in the feasibility study by
Hammons Group.
Hearing opened.
John Spaulding, Executive Secretary,
Kern, Inyo & Mono Counties Building
and Construction Trades Council, spoke
regarding prevailing wages and submitted
written correspondence.
Hearing closed.
Bakersfield, California, December 15, 1993 - Page 2
7.5
2. OLD BUSINESS continued
ACTION TAKEN
Hearing to consider the transfer of
certain real property to John Q. Hammons
and Juanita Hammons in connection with
the Bakersfield Convention Center Hotel
Project pursuant to the California Health
and Safety Code Section 33433, and to
consider the related Disposition and
Development Agreement and other actions
related to the transaction. (Joint
Marketing/Booking Agreement, Catering
Agreement, Ballroom Lease Agreement)
No one spoke at hearing. Hearing
closed.
RES RA7-93
AGR RA93-10
AGR RA93-11
AGR RA93-12
AGR RA93-13
Motion byMorea finding that no
significant changes have occurred
relative to the environmental impacts
of this project since certification of
the original Negative Declaration by
the city Council on Nay 18, 1982, and
the filing of a Notice of Determination
on September 19, 1986, a~d therefore no
further environmental action is required
with respect to this project; and to
adopt Resolution approving the sale of
the hotel site and the lease of the
Convention Center Ballroom to John Q.
H~mmons and Juanita H~mmons in accord-
ance with the terms and conditions of
the Disposition and Development Agree-
ment; and to approve the Disposition and
Development Agreement (DDA) between
City of Bakersfield, Central District
Development Agency and John Q. H~mmons
and Juanita Hammons in the form
presented, together with all attachments
to the DDA, including, without limita-
tion, the Joint Marketing/Booking
Agreement, the Catering Agreement and
the Ballroom Lease Agreement.
APPROVED
76
Bakersfield, California, December 15, 1993 - Page 3
3. NEW BUSINESS
&CTION TAKEN
Resolution authorizing the borrowing
of funds and pledglng of base rental
payments therefor, approving form of
and authorizing execution of Loan
Agreements; approvinging forms of and
authorizing execution of a Lease Agree-
ment, a Sublease Agreement and an
Assignment Agreement and authorizing
necessary actions in connection with
the 1993 Hotel Project Lease Financing.
Motion by Lindsay to adopt Resolution.
RES RA8-93
AGR RA93-14
AGR RA93-15
AGR RA93-16
AGR RA93-17
AGR RA93-18
APPROVED
ADJOURNMENT
Motion by Gaskill at 3:45 p.m.
APPROVED
CHAIRPERSON of the Central District Development
Agency of the City of Bakersfield, California
ATTEST:
SECRETARY of the Central District Development
Agency of the city of Bakersfield, California
CDB04 - LHB
0. 3.83 293301