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HomeMy WebLinkAboutRDA Min 2002-03-25 _I I I 2-25-02 / 3-25-02 Seal Beach, California February 25, 2002 The Redevelopment Agency regular meeting of this date was canceled due to the lack of business items requiring attention. Seal Beach, California March 25, 2002 The Redevelopment Agency of the City of Seal Beach met in regular session at 6:50 p.m. with Chairman Yost calling the meeting to order. ROLL CALL Present: Chairman Yost Agencymembers Boyd, Campbell, Doane, Larson Absent: None Also present: Mr. Bahorski, Executive Director Mr. Barrow, City Attorney Mr. Whittenberg, Director of Development Services Ms. Yeo, City Clerk APPROVAL OF AGENDA Boyd moved, second by Campbell, to approve the order of the agenda as presented. AYES: NOES: Boyd, Campbell, Doane, Larson, Yost None Motion carried PUBLIC COMMENTS No public comments were presented. RESOLUTION NUMBER 02-1 - PROPERTY RENOVATION - 1119 OCEAN AVENUE - LOW/MODERATE INCOME LOAN/FUNDING COMMITMENT The Director of Development Services presented the staff report, specifically relating to a proposal from persons interested in acquiring a property on Ocean Avenue, doing some rehabilitation work to that four unit apartment building then making three of the four units available to low to moderate income persons and families. He noted that an item was presented to the Agency and Council in January with regard to a concern as to surplus funds in the low to moderate setaside account and that some action was needed to expend certain amounts by June 30" of this year. The 3-25-02 Director mentioned that this item would allow the Executive Director to negotiate agreements up to an amount of $400,000 for both rehabilitation of the building and rental assistance over a twenty-five year period of time and with a commitment that the units be available for a fifty-five year period. He noted that the project is outside the redevelopment project area therefore for staff to proceed with the necessary documents and agreements for this project pursuant to State redevelopment law the Agency and Council both need to make a finding that implementation of this project would be of benefit to the Redevelopment Project Area, the Resolution proposed would authorize the Executive Director to enter into agreements under the terms and in the dollar amounts indicated and pursuant to California Redevelopment Law make the finding that the project would be of benefit to the Project Area. r Boyd moved, second by Doane, to adopt Resolution Number 02-1 entitled UA RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AGREEMENTS IN AN AMOUNT NOT TO EXCEED $400,000.00 TO FACILITATE THE RENOVATION OF A FOUR-UNIT APARTMENT BUIILDING AT 1119 OCEAN AVENUE; ESTABLISHING THREE OF THE UNITS AS AFFORDABLE HOUSING; AND FINDING THAT THE REHABILITATION OF THE PROPERTY BENEFITS THE RIVERFRONT REDEVELOPMENT PROJECT "AREA.u By unanimous consent, full reading of Resolution Number 02-1 was waived. I AYES: NOES: Boyd, Campbell, Doane, Larson, Yost None Motion carried APPROVAL OF MINUTES Doane moved, second by Larson, to approve the minutes of the regular meeting of January 28, 2002. AYES: NOES: Boyd, Campbell, Doane, Larson, Yost None Motion carried ADJOURNMENT It was the order of the Chair, with consent of the Agency, to adjourn the meeting at 6:55 p.m. chai_4f- I"