HomeMy WebLinkAboutRDA Min 1984-04-23
4-23-84
Seal Beach, California
April 23, 1984
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The Redevelopment Agency of the City of Seal Beach met
in regular session at 6:45 p.m. with Chairman Laszlo
calling the meeting to order with the Salute to the Flag.
ROLL CALL
Present:
Chairman Laszlo
Agency Members Brownell, Grgas, Risner,
Vanderstaay
Absent:
None
Also present: Mr. Parker, Executive Director
Mr. Stepanicich, City Attorney
Mrs. Yeo, Secretary
WAIVER OF FULL READING
Grgas 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:
Brownell, Grgas, Laszlo, Risner, Vanderstaay
None Motion carried
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APPROVAL OF MINUTES
Risner moved, second by Vanderstaay, to approve the minutes
of the regular Redevelopment Agency meeting of March 26,
1984.
AYES:
NOES:
Brownell, Grgas, Laszlo, Risner, Vanderstaay
None Motion carried
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REPORT - RIVERBEACH - FIRST AMENDMENT TO DECLARATION
The Executive Director reported that Riverbeach Associates
recently bought out its lease with East Naples Land Company,
taking title to the property on which both the townhomes
and the Trailer Park are located. Mr. Parker explained
that this action would enable Riverbeach to convey fee
title to the purchasers of the townhouses, thus enhancing
the marketability of those residences. Mr. Parker explained
that the owner of the Trailer Park, Mr. Dawson, is securing
a loan from which the proceeds will enable the purchase
of the Trailer Park portion of the property from Riverbeach,
therefore Mr. Dawson is requesting an amendment to the
agreement with him for the following reasons: 1) to allow
him to reflect the financing costs in the monthly rentals
assessed the tenants; 2) to allow any increase or decrease
in the variable rate loan to likewise be reflected in the
monthly rentals; and 3) to assure the lender that if the
lender should acquire the property by foreclosure or
otherwise, or resell the Park site, an amount equal to
the loan debt service would be allowed in the rent. The
Executive Director reported that although some rent
increase is expected due to this action, it will also allow
the Park owner to grant long term leases to those tenants
who have or plan to construct leasehold improvements, such
as cabanas. Mr. Parker noted that written notice of the
proposed amendments were mailed the first week of April,
as required by Section 2.5 of the agreement. The Executive
Director stated no action is required at this meeting,
however requested that the meeting be adjourned to May
4-23-84
14th for consideration at that time, noting that Special
Legal Counsel, Tom Parrington, should be present at that
meeting to respond to relative questions. Mr. Parker
responded to Council that this action will allow the buyer
of a town home to own the land as well as the residential
unit, that it is anticipated that all loan documents will
be available for review by legal counsel prior to next
meeting, and that since the Agency acts as a rent control I
board for the Trailer Park and should the variable rate
loan appear to be too flexible, he will recommend placing
a cap on the interest rate in order to protect the residents
of the Park from excessive increases. He also noted that
action on this matter by the 14th of May would be timely
so not to jeopardize the loan proceedings. Brownell moved,
second by Risner, to receive and file the report.
AYES:
NOES:
Brownell, Grgas, Laszlo, Risner, Vanderstaay
None Motion carried
ORAL COMMUNICATIONS
Chairman Laszlo declared oral communications open. Mr.
John Broaddus inquired as the installation date of new
Council members. The City Clerk/Secretary explained that
the newly elected Council members would take their oath
of office on Tuesday, May 15th, as prescribed by the City
Charter. There were no other oral communications; Chairman
Laszlo declared oral communications closed.
ADJOURNMENT
Risner moved, second by Brownell, to adjourn the meeting
to Monday, May 14, 1984 at 6:45 p.m.
AYES:
NOES:
Brownell, Grgas, Laszlo, Risner, Vanderstaay
None Motion carried
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The meeting adjourned at 6:55 p.m.
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