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HomeMy WebLinkAbout05/30/84 MINUTES RA MINUTES BAKERSFIELD REDEVELOPMENT AGENCY Regular Meeting ..... May 30, 1984 The Regular Meeting of the Bakersfield Redevelopment Agency was called to order by Chairman Rockoff on Wednesday, May 30, 1984 at 5:05 p.m. in the City Hall Council Chambers. The Secretary called the roll as follows: MEMBERS PRESENT: James Barton Chris Christensen James Childs Rollie Moore Thomas Payne Art Rockoff MEMBERS ABSENT: Donald Ratty MINUTES Upon a motion by Agency Member Moore, the Minutes of the Regular Meeting of May 9, 1984, were approved as presented. AGENCY STATEMENTS Agency Chairman Rockoff stated the Crime Prevention Task Force has requested the use of the American National Bank building on September 20 for an exhibition of crime prevention methods. The Bakersfield Police Department, Sheriff's Department and the Highway Patrol and certain local merchants who purvey security products would like to rent the facility for this exhibition. He, therefore, requested that staff come back with a recommendation to the Agency on this issue. REPORTS 1. Oral report from the developer of the proposed Convention Center Hotel. Mr. Bob Corsaro was present and stated that they have finally completed the financial arrangements and determined that Security Pacific Bank will provide the necessary letter of credit for the hotel bonds. He indicated that Security Pacific has a AAA bond rating, and the bonds will be underwritten by Dean Witter in con- junction with Security Pacific Bank. Agency Member Moore commended Mr. Corsaro on his efforts and personal enthusiasm in helping to accomplish this project downtown. Mr. Corsaro introduced Mrs. Gerri Bruce, Chet Troudy, and Gordon Bell, of Aircoa, as the individuals who were diligent in establishing the hotel. Agency Member Christensen congratulated the individuals on their "sticktuitiveness," He questioned the next steps to be accomplished. Mr. Corsaro stated that from the developer's perspective, you will see the plans of the hotel and we will then be informed on how and when the Agency will acquire the property that is proposed for the project. Agency Member Childs expressed his appreciation for payment to the Bond Counsel and wished much success to the developers. Mr. Kennon stated that the Agency will begin to perform when the developer has provided the conceptual plans and has presented staff with acceptable documentation regarding the letter of credit. 2 o Oral report from the Truxtun Galleria developer regarding the status of financing for the project and negotiations with Chester Avenue Associates regarding certain properties included in the site for the Galleria. Mr. Gordon Gill representing Moreland Development Corporation was present and stated that they met with Chester Avenue Associates and the Redevelopment Agency's Development Committee to discuss the issues under contention with Chester Avenue Associates. He stated that Mr. Larry Guay, of Chester Avenue Associates, indicated verbally that they were in basic agreement with regard to proceeding with the project. Mr. Guay will be discussing the agreement with his tenants and lenders. Mr. Gill indicated that the Agency should be aware of the final provisions of the agreement because they affect the development of the Galleria. He explained the four basic points which were requested by Chester Avenue Associates with regard to amending the development plan. They are: 1) Traffic flow through the parking facility. 2) Installation of an elevator to be located in the bank's parking structure to serve their tenants and the mall's tenants. 3) The southerly building line of the bank building will be the southerly property line of their parking structure. This will require the redesign of the Galleria portion of the project and will move the structure closer to the~Truxtun Avenue right-of- way. The developer will be requesting an encroachment permit for four feet on the second level of the mall over the sidewalk. 4) Removing one subterranean level of parking and go up one additional floor over what has been approved. This would alleviate the problem with two floors of subterranean parking, and allow the development of parking for the bank to occur adjacent to the existing structure. He stated that based on verbal discussions, Mr.Guay has agreed and is in full support of the project. Mr. Guay will meet with his tenants and lender and encourage their support in finalizing the approval of the agreement. Agency Member Christensen questioned the status of the financing. Mr. Gill responded that a letter of credit has been placed with a title company. Mr. Kennon stated that staff has discussed the terms of the letter of credit and discussed what would be required to implement the actual spending of the money. Agency Member Christensen questioned the number of tenants that have commitments to the Galleria. Mr. Kennon stated that in the first phase there is interest on all the space, with firm commitments for 45 percent of the first phase. He stated that they are having discussions with two major concerns regarding the second phase. Agency Member Payne questioned the status of the Sheraton proposed for the Galleria. Mr. Gill stated that the latest word was that Sheraton was no longer interested in Bakersfield because of the delays and other interests. CONSENT CALENDAR (a) Approval of Vouchers No. 310 thru 333 totaling $271,774.62. (b) Approval of Design Review Board recommendations: Communication Tower for MCI Telecommunications Corp., 1430 Truxtun Avenue. Design Review Board recommends approval. 2. Signage for Taffera Bros. Jewelry Mart, 1910 Chester Avenue. Design Review Board recommends approval. Agency Member Barton made a motion to adopt items (a) and (b) of the Consent Calendar. -2- Agency Chairman Rockoff requested information on the Communi- cation Tower. Cal Bidwell, Building Director, explained that the structure is mounted on the penthouse portion of the building in order to get maximum height available to fully utilize that antenna system. It is coordinated with another tower approximately 25 miles south of downtown. He stated that the Design Review Board questioned site design, and the diagram shows obstruction between this particular installation and the point at which they need to make contact, and they feel that they cannot improve and still get full utilization. MCI agreed to paint the tower and maybe enclose the antenna. Mr. Bidwell commented that this will be accomplished before final approval of the installation. Agency Member Barton's motion to adopt items (a) and (b) of the Consent Calendar was approved by the following roll call vote: AYES: Moore, Payne, Rockoff, Barton, Childs, Christensen NOES: None ABSENT: Ratty NEW BUSINESS 1. Appointment of Mr. Fred McKenna and Mrs. Jeannine Bushnell to the Design Review Board. Agency Member Childs made a motion to approve the appointments to the Design Review Board. The motion was approved and carried. ADJOURNMENT There being no further business to come before the Redevelopment Agency, Agency Member Christensen made a motion to adjourn the meeting at 5:31 p.m. Bakersfield Redeve-i~Agency Secretary ~ent Agency -3-