HomeMy WebLinkAbout03/26/80 MINUTES RA MINUTES
BAKERSFIELD REDEVELOPMENT AGENCY
Regular Meeting - March 26, 1980
The Regular Meeting of the Bakersfield Redevelopment Agency was called
to order by Chairman Casper, Wednesday~ March 26, 1980 at 4 p.m. ~n the C~ty
Council Chamber, The secretary called the roll as follows:
MEMBERS PRESENT:
Vincent Casper, Chairman
Jeanne Foth~' Vice-Chairman
Robert E, King
John S, Mooneyham
Dr~ Glenn Dr Puder
ABSENT: Frank S, Lewis
Ralph H. Poehner
STAFF PRESENT:
Dennis Needham Deputy Executive Director
Philip Kelmar~ Treasurer
Richard Oberholzer, Assistant City Attorney
Melvin Tooker~ Development Services Coordinator
Jim Gilchrlst, Housing and Community Development Coordinator
David Kennon, Principal Planner, Community Development
Calvin Bidwell~ Building Director
Eugene B~ Jacobs, Agency Special Counsel
MINUTES
Minutes of the Regular Meeting of February 26, 1980 were approved as
ma led~
FINANCIAL
a) VQucher. Approval - On motion by Ms. Foth, seconded by Mr, Mooneyham,
and carried~ Vouchers Nos. 107 through 123 (Voucher Register dated March 26, 1980),
totaling $12,436.74, were approved for payment.
PROJECTS
a) Shopping Center - Mr, Jacobs reported that the Agency's legal, finan-
cial, and bond consultants are putting together bond documents, and that the
Developer is prepared to advance his money when the Agency is ready to go forward
on the bonds. However, the acquisition appraisals are not yet complete, but
should be ready in June or July, after which time the bond market and interest
rates will be studied to determine which way to proceed. Mr. Jacobs mentioned
a possible short-term loan of approximately two to five years, and re-issuing
later on a long-term loan. All aspects will be studied.
b) Hotel - Mr, Jacobs presented an agreement for the Agency's considera-
tion to allow Arlington Hotel Development Corporation 120 days "exclusive right
to negotiate" for a first-class, 350=room hotel adjacent to the Civic Auditorium.
Arlington Hotel Development Corporation is a new partnership composed of Mr.
Robert L, Schwartz, the developer, 50%; and Trusthouse Forte, Inc., owners of
Travelodge, etc., 50%,
Mr, Schwartz bought the interests of Guay and Danielson, his former
partners in this project, Mr, Jacobs noted that Mr. Larry Guay would be hired
by Mr, Schwartz as project manager,
Following discussion, on motion by Mr. King, seconded by Dr, Puder, and
carried, Agreement No, RA2-80, "NEGOTIATION AGREEMENT," was approved as presented.
GENERAL
a) Weill Building Signage - Mr, Bidwell reviewed this signage which was
recommended for approval by th~ Design Review Board, but which the Agency requested
be held over for a chance to view the building. Ms. Foth stated it looked very
good to her, and although it exceeded the allowable footage, she moved that it
be approved as presented, The motion was seconded by Dr. Puder, and carried.
b) N.A.H,R.O. Tri-Chapter Legislative Conference Report - Mr, Tooker
reported on the conference meetings pertaining to legislation affecting
redevelopment agencies which he attended, and Mr. Gilchrist reported on the
meetings pertaln~ng to legislation affecting housing, Both stated the con-
ference was very informative.
Chairman Casper noted another N,A.H.R.O. meeting is scheduled for
April 24th in Santa Monica, if anyone is ~nterested in attending.
c) 1980 Meet the Lenders Conference - Ms. Foth reported favorably on
this conference held March 5-7, 1980 in Newport Beach, attended by Messrs.
Needham~ Kelmar, Puder and Ms, Foth.
d) U.D.A.G. Pre-Application - Mr, Needham reported a letter to the Mayor
was received from HUD's Los Angeles office, dated February 28, 1980, informing
the City of its eligibility to submit an application for an Urban Development
Action Grant.
ADJOURNMENT
There being no further business to come before the Agency, Chairman
Casper adjourned the meeting at 5:45 p.m.
Ba,ersf e?. .Oevelopment
Bernice E, Stewart, Secretary to the
Bakersfield Redevelopment Agency