HomeMy WebLinkAboutRDA Min 1983-09-26
9-26-83
Seal Beach, California
September 26, 1983
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The Redevelopment Agency of the City of Seal Beach met
in regular session at 7:00 p.m. with Chairman Laszlo calling
the meeting to order with the Salute to the Flag.
ROLL CALL
Present:
Chairman Laszlo
Agency Members Brownell, Risner, Vanderstaay
Absent: Agency Member Grgas
Also present: Mr. Parker, Executive Director
Mr. Strausz, Assistant City Attorney
Mrs. Yeo, Secretary
WAIVER OF FULL READING
Risner moved, second by Vanderstaay, to waive the reading
in full of all resolutions and that consent to the waiver
of reading shall be deemed to be given by all Agency Members
after reading of the title unless specific request is made
at that time for the reading of such resolution.
AYES:
NOES:
ABSENT:
Brownell, Laszlo, Risner, Vanderstaay
None
Grgas Motion carried
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APPROVAL OF MINUTES
Risner moved, second by Vanderstaay, to approve the minutes
of the August 22, 1983 regular meeting as pre~ented.
AYES:
NOES:
ABSENT:
Brownell, Laszlo, Risner, Vanderstaay
None
Grgas Motion carried
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ORAL COMMUNICATIONS
Chairman Laszlo declared oral communications open. In
response to Agency Member Vanderstaay, the Executive
Director explained that as part of the negotiated agreement
with the developer of the Riverbeach condominiums at the
time the Agency issued mortgage revenue bonds, the developer
agreed to pay the estimated amount of in-lieu property
tax until such time as the condos were sold and placed
on the tax rolls, noting that approximately $165,000 will
be payable to the Agency this year. Agency Member Brownell
requested an update of the Riverbeach and Department of
Water and Power projects. The Executive Director reported
that Riverbeach has pulled twenty-three building permits
to construct condominiums and that it is his understanding
escrow will be closing to gain fee title to the land so
that the units can be sold when they are built, noting
that there will be approximately sixty additional permits
to be let at a time dependent largely upon how quickly
the first twenty-three units are sold. With regard to
the Department of Water and Power property, Mr. Parker
reported he had met with D.W.P. representatives and for
the first time a base annual price, $400,000, had been
discussed, presumably established by the D.W.P. land
economist and based upon a three to four hundred room hotel.
The Director explained that D.W.P. must now submit this
figure to their board for consideration and should they
concur, a figure will be established to negotiate towards.
Mr. Parker noted that developers do not foresee more than
9-26-83
a two hundred unit hotel on the D.W.P. site, the location
of the property likely the greatest factor in that
determination. Mr. Brownell inquired if the County is
considering assuming the cost of the Surfside protection
project as had previously been considered. The Executive
Director stated that County Supervisor Wieder had initially
agreed to support the project provided the cost could be
covered by augmentation funds, and reported however that I--
the Supervisor had not been able to obtain approval of
this funding from the Board. Mr. Parker stated that
pursuant to the agreement with Surfside, one-third of the
e125,OOO, Surfside's share of the revetment cost, will
be due in January 1984. There were no other oral
communications; Chairman Laszlo declared oral communications
closed.
ADJOURNMENT
Vanderstaay moved, second by Brownell, to adjourn the
meeting at 6:56 p.m.
AYES:
NOES:
ABSENT:
Brownell, Laszlo, Risner, Vanderstaay
None
Grgas Motion carried
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Cha1rman
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