HomeMy WebLinkAboutRDA Minutes 112701Approved December 11, 2001
MINUTES
COMMUNITY REDEVELOPMENT AGENCY
OF ATASCADERO
TUESDAY, NOVEMBER 27, 2001
6:30 P.M.
Chairman Luna called the meeting to order at 6:34 p.m.
ROLL CALL:
Present: Board Members Johnson, Arrambide, Scalise, Clay and Chairman Luna
Absent: None
Others Present: Board Secretary Marcia McClure Torgerson and City Treasurer David
Graham
Staff Present: Executive Director Wade McKinney, Assistant City Manager Brady
Cherry, Board Treasurer Rachelle Rickard, Community Development
Director Warren Frace, City Engineer Steve Kahn, Deputy Community
Services Director Geoff English, Public Works Technician Valerie
Humphrey, Fire Captain Fred Motlo and City Attorney Roy Hanley.
APPROVAL OF AGENDA:
MOTION: By Board Member Arrambide and seconded by Board Member
Johnson to approve the agenda.
Motion passed 5:0 by a roll -call vote.
COMMUNITY FORUM:
Glenda Wright, Executive Director of the Atascadero Main Street Program, stated she was
pleased to be at the meeting and, being new to the position, she hopes people will point her in the
right direction. The new Main Street office is located in Virginia Plaza, Suite K, and now that
the office is open she is there to help in any way she can.
Chairman Luna closed the Community Forum period
RDA 11/27/01
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Approved December 11, 2001
A. CONSENT CALENDAR:
1. Redevelopment Agency Minutes — November 13, 2001
■ Board Secretary recommendation: Board approve the Redevelopment Agency
minutes of November 13, 2001) [Board Secretary]
MOTION: By Board Member Johnson and seconded by Board Member Clay to
approve Item #A -l.
Motion passed 5:0 by a voice vote.
B. EXECUTIVE DIRECTOR REPORT:
Mr. McKinney stated the recruitment for the Redevelopment Specialist has closed and there are
seven applicants. Chairman Luna suggested having the new Main Street Executive Director on
the interview panel for this position.
Chairman Luna asked for an update on the Century Entertainment Center. Executive Director
McKinney said it is not going well. The consultant for the City has found that the market value
of the property is significantly more than the real value. It would take approximately $7 million
dollars to put the project together and it is valued at only $2 to $2 1/2 million. This is more than
the Redevelopment Agency had anticipated for its involvement. Staff is looking at options to be
presented to the Board; however, it does not appear that it is a project the City can afford to
finance. Board Member Arrambide questioned if it would be possible to work with the owner on
a friendly eminent domain. Mr. McKinney stated that this was a course the City attempted to
take, however, between operational monies, current debt and the tax burden on the property, it
would take $7 million to unload all those pieces. So without substantially devaluing the
partner's holding in the land, the City would end up financing a $5 million gap to get it to a
reasonable position.
C. ADJOURNMENT:
Chairman Luna adjourned the meeting at 6:40 p.m. to the next regularly scheduled meeting on
December 11, 2001.
MEETING RECORDED AND MINUTES PREPARED BY:
rYl C'PA.
Marcia McClure Torgerson, Board S
RDA 11/27/01
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