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HomeMy WebLinkAbout05/25/82 MINUTES RAMINUTES BAKERSFIELD REDEVELOPMENT AGENCY Regular Meeting --- MaS 25, 1982 The Regular Meeting of the Bakersfield Redevelopment Agency was called to order by Chairman Lewis on Tuesday, May 25, 1982, at 4 p.m. in the City Council Chambers. The Secretary called the roll as follows: MEMBERS PRESENT: Chairman Lewis Vice-Chairman Mooneyham Judy Clausen Rollie Moore Gene Winer Randal Richardson (4:05) MEMBERS ABSENT: Richard Bilas STAFF PRESENT: Philip Kelmar, Executive Director Richard Russell, Deputy Executive Director W. D. Higginbotham, Jr., Treasurer Richard Oberholzer, City Attorney David Kennon, Economic Development Coordinator MINUTES Ms. Clausen made a motion to approve the April 27, 1982 minutes as mailed. Motion was carried. AGENCY APPOINTMENTS TO COMMITTEES Chairman Lewis appointed Randal Richardson to serve on the Parking Committee and the Voucher Committee. REPORTS Multi-Model Transit Facility Staff gave an oral report concerning the multi-model transit facility proposed for 22nd Street. Staff stated that upon review of this proposed project, the Council Budget Review and Finance Committee had questioned the proper location of a commercial/office/transit facility. Staff further stated that before a final determination could be made by the Budget Review and Finance Committee as to the proper location, a thorough study and analy- sis must occur. Staff recommended the Agency support the concept of a multi- model transit facility and adopt a resolution directing staff to continue with its planning efforts. It was indicated by staff that this study effort would take approximately 60 days. MR. RICHARDSON ARRIVED 4:05 Mr. Dick Foster of Karpe Realty was present and stated he previously asked for a 90-day exclusive right to negotiate, and in lieu of the 90-day exclusive right, that he would like first consideration on his project, at such time as the study is completed. Mr. Winer made a motion to accept the resolution indicating its support for the planning and development of a multi-model transit terminal for the City of Bakersfield. Ms. Clausen seconded the motion, which was carried by the following roll call vote: AYES: NOES: ABSENT: Clausen, Lewis, Mooneyham, Moore, Richardson, Winer None Bilas Land Banking Mr. Kelmar stated that Redevelopment often uses eminent domain to accomplish development of projects. However, another option is available to the Agency, which is land banking. This involves acquiring land as it becomes available in certain areas of the downtown, with the intent to assemble enough land to make a given development feasible. The Agency could then offer the land for development and accept proposals from developers. Mr. Kelmar stated that it would be necessary for the Council to establish guidelines as to when proper- ties should be acquired. These proposed guidelines are: 1) acquire properties within blocks that have a reasonable probability of being assembled as a development site; 2) parcels should consist of at least one-third of a block; 3) acquire sites that have a high degree of near term marketability; 4) acqui- sition of the site would assist in the implementation of the downtown plan; and 5) acquisition of properties which minimize Agency's acquisition expense through the availability of favorable purchase terms. Mr. Moore made a motion to adopt the proposed land banking guidelines. Mr. Winer seconded the motion, which followed with a roll call vote: AYES: NOES: ABSENT: Clausen, Lewis, Mooneyham, Moore, Richardson, Winer None Bilas Mr. Kelmar further stated that the Agency has had its first offer to use the land banking concept, and that it is three lots located between 18th and 19th and "K" and "L" Streets. The three lots have been offered to the Redevelopment Agency by American National Bank supporting acquisition. He explained that an appraisal has been prepared by an appraiser for American National Bank, which is being reviewed by the City Attorney's Office, and that a plan would be submitted to the Agency containing the financing package and how the property would be used and how it would fit into the plan. Ms. Clausen questioned where the money would come from to purchase land banking property. Mr. Kelmar said that in terms of this particular property, it would be a matter of working out the terms of the purchase to buy it over a number of years or payments could be spread out. If the Agency were to lease the property of a substantial amount of rental, then the City could use that money towards the acquisition, but basically, the funds for land banking would come from Agency tax increments. Mr. Moore made a motion that the Agency have staff enter negotiations with American National Bank and that staff bring back a recommendation to the Agency at the June 22 meeting. Mr. Mooneyham seconded the motion, which was carried by the following vote: AYES: NOES: ABSENT: Clausen, Lewis, Mooneyham, Moore, Richardson, Winer None Bilas Housing ?rogram Mr. Kennon gave a presentation and staff report regarding the Housing Programs and Implementation Strategy, Report Number 21, for the downtown, and explained ten programs that are oriented to meet the local problems and needs of the downtown and assist developers of moderate and middle income housing. Mr. Kennon outlined these proposed programs, which are: 1) The Lessee Loan Program; 2) The Maintenance Assistance Program; 3) The Multi- family Housing Bond Program; 4) The Acquisition Assistance for Middle Income Programs; 5) The Technical Assistance Program; 6) The Public Improvements Assistance Program; 7) The Lower Income Rental Assistance Program (Section 8); 9) The Preservation Tax Incentives Program; and 10) The Home Ownership Co- Investment or Equity Sharing Program. He further explained that if these programs are adopted as an implementation strategy, the City will be able to realize its goal of maintaining and increasing housing to better the liva- bility of the downtown. Mr. Richardson asked whether this program is to be implemented strictly within the Redevelopment Area. Mr. Kennon replied that in the areas of housing, the Agency can go outside the area of the Redevelopment Agency boundaries in order to imple- ment its housing program. In fact, they are directed by law to do so in some instances. VOUCHER APPROVAL Mr. Mooneyham made a motion to approve voucher numbers 220 through 246 totaling $198,768.79 and the motion was approved for payment. PROJECTS Hotel Project An oral report was submitted from staff regarding the Convention Center Hotel. Mr. Kennon stated that the Disposition and Development Agreement has been signed and returned by the developer, and that the developer's letter of credit has been approved by the Agency and the Council. Mr. Kennon further stated that the feasibility study is the next major step, and upon completion of that, the developer must then provide proof of financing. Anglen-Moreland Project The developers were not present to report on their proposed high-rise office building to be located north of the Police Department. Staff indi- cated that Anglen and Moreland Developers were granted a 90-day exclusive right to negotiate, and last month they were given a 30-day extension, which has now expired. Diatte Project Mr. John Diatte, President of South Valley Homes, Inc., was present to deliver a report to the Agency regarding his proposed structure. He stated that he has been working with staff on the design, and has selected a builder which is Devcon Developer of San Jose. The proposed project is a high-rise structure located on 19th and "K" Streets, which would accomodate housing, commercial office space, and parking. Mr. Mooneyham questioned the time frame anticipated for this project. Mr. Diatte stated he hoped to complete the preliminary plans within the next 45 days. ADJOURNMENT There being no further business to come before the Bakersfield Redevelopment Agency, the meeting was adjourned at 5:02 p.m. FRANK LEWIS, Chai~r~an Bakersfield Redevelopment Agency Roberta Allis~, Secretary Bakersfield RN~development Agency