HomeMy WebLinkAbout10/27/81 MINUTES RA MINUTES
BAKERSFIELD REDEVELOPMENT AGENCY
Regular Meeting October 27, 1981
The Regular Meeting of the Bakersfield Redevelopment Agency was called
to order by Chairman Casper on Tuesday, October 27, 1981 at 4 p.m. in the
City Council Chamber. The secretary called the roll as follows:
MEMBERS PRESENT:
Vincent Casper, Chairman
Jeanne Foth, Vice Chairman (4:06)
Richard Bilas
Glenn Puder
John Mooneyham
Frank Lewis
Gene Winer (4:18)
STAFF PRESENT:
Philip Kelmar, Executive Director
Richard Russell, Deputy Executive Director
W. D. Higginbotham, Treasurer
Ron Lundy, Accountant
Richard Oberholzer, City Attorney
David Kennon, Economic Development Coordinator
MINUTES
Minutes of the Special Meeting of September 30, 1981 were approved
as mailed.
FINANCIAL
Voucher Approval - On a motion by Mr. Lewis to approve Vouchers 69
through 96 totaling $32,629.92, was seconded by Mr. Mooneyham and were
approved for payment.
CORRESPONDENCE
1) A letter addressed to Phil Kelmar from Alan Dean Howell, Project
Coordinator of South Valley Homes, Inc. requesting information for parking
in the downtown area. No action required.
2) Upon request of Chairman Casper, the secretary read a letter
from John Diatte, President of South Valley Homes, Inc. addressed to
Mr. Kelmar into the record.
Mr. Diatte was present and formally asked for a 90-day exclusive
right to negotiate in order to study and determine the economic feasibility
of developing the block between K and L Streets and 19th and 20th, into a
parking/office structure.
Because of the interest shown by Golden Empire Transit (GET)
District in the past to develop these properties as a transit terminal
for GET, Mr. Ivo Keyser was asked to comment concerning the status
of the proposed transit terminal.
Mr. Keyser expressed his concern over the loss of this site as the
site of the proposed terminal but stated he would not be allowed to enter
into any negotiation until such time as they had received official word
that their UMTA grant had been approved.
Mr. Keyser also stated that Mark Gibb of the Kern County Council of
Governments is in Washington and is waiting for a confirmation for the
grant to be approved. He is anticipating the approval from the Board
(GET Board) for permission to request an exclusive right to negotiate
at such time as the grant is finally approved.
After further discussion, Ms. Foth made a motion to grant South Valley
Homes a 90-day exclusive light to negotiate concerning the development of
the subject property and that during this 90-day period is to conduct
certain studies to determine the economic feasibility of the project and
make these findings available to Agency staff with initial proposals by
the end of that 90-day period. The motion was seconded by Mr. Bilas and
a roll call vote as follows:
AYES: Casper, Foth, Winer, Bilas, Puder, Mooneyham, Lewis
NOES: None
ABSENT: None
3) A letter addressed to Mr. Kelmar from Mr. Calvin Hollis, President
of Katz, Hollis, Coren & Associates, Inc. regarding request for contract
amendment on increased fees of Principal (11% increase) and Senior Analyst
(13% increase). Mooneyham made a motion to approve the increased fees
for the Principal and Senior Analyst rates for Katz, Hollls, Coren &
Associates. The motion was seconded by Ms. Foth and carried.
4) A letter from A. S. Mazotti, Bank of America, San Francisco,
regarding their initial agreement to perform financial consulting ser-
vices in conjunction with Rafferty, Guerin and Co. for the Bakersfield
Redevelopment Project.
Ms. Foth made a motion to approve the Bank of America proposal to
joint venture with Jim Rafferty, as consultants for the proposed bond
issues for the shopping center. Motion was seconded by Mr. Puder
and carried.
AYES: All
NOES: None
ABSENT: None
MS. FOTH LEFT AT 4:35 P.M.
VI. GENERAL
1) The staff presented a Redevelopment Plan notebook to the Agency
members to help them follow and understand the planning activities and
thought going into the development of the new Redevelopment Plan. Staff
indicated there will be some 38 separate studies, activities, or actions
necessary to develop this plan. The Agency members wene instructed to
keep these in their possession and to insert each study as it is
presented to them.
2) The Annual Financial Report was subitted to the Agency.
Mr. Bilas asked what the total bonded indebtedness of the Agency is,
and the total bonded indebtedness of the City of Bakersfield.
Mr. Lundy noted that the figures were approximately $2.6 million and
the City of Bakersfieid's indebtedness was approximately $18 million.
Mr. Bilas also questioned whether the bonded indebtedness of the
Redevelopment Agency was included in the City's $18 million. Staff in-
dicated it was not. Mr. Bilas asked that in as much as the Agency re-
ceived taxes, shouldn't the indebtedness be noted along with the City's.
Mr. Higginbotham said that the financial statements for the City of
Bakersfield and the Redevelopment Agency are in compliance with recog-
nized accounting and reporting principles.
Mr. Bilas suggested that we show the total bonded indebtedness of
the Redevelopment Agency relative to the total bonded indebtedness of
the City of Bakersfield. Mr. Bilas raised another question in reference
to the amount of dollars being "diverted" from the general tax fund to
the Redevelopment Agency. Mr. Lundy referred to the budget of '81-~82
and noted $588,000 were being received by the Agency.
Mr. Bilas wanted to know Why the Agency is not on the property tax
bill if they are a taxing agency. It was indicated by staff that the
Agency neither assessed nor collected taxes. Mr. Bilas furtlier stated
that there would be a lawsuit against "all" the Redevelopment Agencies
in California as being unconstitutional under the terms of Proposition
13. Mr. Lundy said under tax increment financing the base values in tax
rates are frozen at a certain level, any assessed valuation above that
level go to the Redevelopment Agency. Mr. Lundy further stated that
there is no specific designated tax on the tax bill that shows how much
of the tax dollars go to the Redevelopment Agency.
Mr. Casper stated that the Agency was supported entirely by the
increments derived from only the redevelopment area. He further added
that the bonded indebtedness is not a general obligation bond.
Mr. Mooneyham made a motion to accept the Annual Financial Report
for fiscal year ended June 30, 1981, Mr. Lewis seconded. The motion
was carried.
3) Upon request of Chairman Casper, the secretary read a memorandum
from the Development Committee concerning the relocation and acquisition
consultants for the Downtown Mall Project
Mr. Kennon stated that the maximum fee for services from Rod Gunn
and Associates would be $82,000 and the maximum fee for the services of
Egan Gost would be $95,000.
Mr. Winer made a motion to accept Egan Gost for acquisition con-
sultant and Rod Gunn as relocation consultant for the Downtown Mall
Project. The motion was seconded by Mr. Puder and carried.
ADJOURNMENT
There being no further business to come before the Redevelopment
Agency, Chairman Casper adjourned the meeting at 5:05 p.m.
R. Allison
Secretary
VIN£ENT CASPER, Chairman of the
Bakersfield Redevelopment Agency