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HomeMy WebLinkAboutRDA Min 1987-11-16 11-2-87 Grgas moved, second by Hunt, to approve the Purchase Agreement between the Los Alamitos Unified School District and the Redevelopment Agency for purchase of the Zoeter School site, Pacific Coast Highway frontage. AYES: NOES: Clift, Grgas, Hunt, Risner, Wilson None Motion carried I Grgas moved, second by Clift, to hold over consideration of the Master Lease and direct that the Executive Director return to negotiations to address the recommendations as set forth at the last meeting, the major elements of concern specific to the first right of refusal and percentage rents in the event of partial or total destruction of the building. AYES: NOES: Clift, Grgas, Hunt, Risner, Wilson None Motion carried ORAL COMMUNICATIONS There were no Oral Communications. ADJOURNMENT By unanimous consent of the Agency members, the meeting was adjourned at 7:12 p.m. I (2~~zL Chai~ Seal Beach, California November 16, 1987 The Redevelopment Agency of the City of Seal Beach met in regular session at 6:47 p.m. with Chairman Hunt calling the meeting to order with the Salute to the Flag. ROLL CALL Present: Chairman Hunt Agency Members Clift, Grgas, Risner, Wilson Absent: None I Also present: Mr. Nelson, Executive Director Mr. Joseph, Assistant City Manager Mr. Stepanicich, City Attorney Mr. Rennett, Assistant City Attorney Mrs. Yeo, Secretary WAIVER OF FULL READING Wilson moved, second by Clift, 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. 11-16-87 AYES: NOES: Clift, Grgas, Hunt, Risner, Wilson None Motion carried MASTER LEASE - GEMTEL/MacKAY - ZOETER SCHOOL SITE The Executive Director advised that pursuant to direction of the Agency, negotiations have continued with Gemtel/MacKay regarding the lease of the Zoeter property for development and operation of a retail commercial center on the Pacific Coast Highway frontage of the Zoeter site. He reported that the parties to the lease have agreed to a one year, rather I than the six months requested by the Agency, right of first refusal, however did not agree to the percentage rent if the Zoeter School Building is destroyed early in the lease term. He advi'sed that an alternative to the percentage rent has been agreed upon, that if as a result of reconstruction after destruction the square footage is increased, the minimum rent would be increased proportionately, and if by action of ,~aw the improvements may not be constructed to the existing square footage, restricted to less than exists, the minimum rent would be decreased proportionately. He noted that this provision would not apply if the lessee chose to voluntarily rebuild at a lessor square footage. Mr. Nelson advised that the remaining provisions of the lease document are unchanged. Agency member Risner stated her objection to not having a finalized copy of the lease document, also inquired as to the right of the Agency to amend, correct, or comment on any architecture that the developer might consider, noting the importance of retaining the architectural image of the Mary Zoeter building. The Executive Director stated there are review rights, however no right of approval or disapproval, as set forth in Section 7.2(a), and that Section lO.l(b) requires the tenant to use reasonable efforts to preserve as many other distinctive architecural characteristics of the building as possible. The City Attorney explained that the developer was unwilling I to agree to grant the City architectural review of the facade, however additional language was obtained in terms of their obligation to attempt to preserve the facade or its architectural features. Wilson moved, second by Clift, to approve the master lease between the Agency and Gemtel/MacKay as amended to include revised language as presented at this meeting. Agency member Grgas stated for the record that he had reviewed the lease in detail with the City Manager and City Attorney and was satisfied with the document as presented and amended. AYES: NOES: Clift, Grgas, Hunt, Wilson Risner Motion carried Agency member Risner stated her vote was reflective of not having the finalized document before the Agency. APPROVAL OF MINUTES Wilson moved, second by Grgas, to approve the minutes of the regular meeting of October 19, 1987. AYES: NOES: Clift, Grgas, Hunt, Risner, Wilson None Motion carried Grgas moved, second by Wilson, to approve the minutes of the I special meeting of November 2, 1987. AYES: NOES: Clift, Grgas, Hunt, Risner, Wilson None Motion carried ORAL COMMUNICATIONS There were no Oral Communications. I I I 11-16-87 / 12-21-87 ADJOURNMENT By unanimous adjourned at consent of the Agency, the meeting was 7:04 p.m. a~~ ~ CIl irman Seal Beach, California December 21, 1987 '.' The Redevelopment Agency of the City of Seal Beach met in regular session at 6:47 p.m. with Chairman Hunt calling the meeting to order with the Salute to the Flag. ROLL CALL Present: Chairman Hunt Agency Members Clift, Risner, Wilson Absent: Agency Member Grgas Agency Member Grgas arrived upon the conclusion of the Roll Call. Also present: Mr. Nelson, Executive Director Mr. Stepanicich, City Attorney Mr. Joseph, Assistant City Manager Mrs. Yeo, Secretary WAIVER OF FULL READING Clift moved, second by Wilson, 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: Clift, Grgas, Hunt, Risner, Wilson None Motion carried ORAL COMMUNICATIONS There were no Oral Communications. ADJOURNMENT Risner moved, second by Wilson, to adjourn the meeting at 6:49 p.m. AYES: NOES: Clift, Grgas, Hunt, Risner, Wilson None Motion carried ~~c~ ~ Chairman