85-0827_CRA_Minutes_Adjourned Regular Meeting285
AUGUST 27, 1985
ADJOURNED REGULAR MEETING OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY
BOARD OF DIRECTORS
The Adjourned Regular Meeting of the Board of Directors of the
San Juan Capistrano Community Redevelopment Agency was called to
order by Vice Chairman Buchheim at 7:02 p.m., in the City Council
Chamber.
ROLL CALL PRESENT: Lawrence F. Buchheim, Vice Chairman
Anthony L. Bland, Director
Kenneth E. Friess, Director
Phillip R. Schwartze, Director
ABSENT: Gary L. Hausdorfer, Chairman
STAFF PRESENT: Stephen B. Julian, Executive Director; Thomas G.
Merrell, Deputy Director; Mary Ann Hanover, Agency Secretary;
Robert G. Boone, Finance Officer; John R. Shaw, City Attorney;
Glenn Southard, Assistant City Manager.
BOARD ACTIONS
1. PARTICIPATION AGREEMENT - OSO CREEK FLOOD CONTROL
IMPROVEMENTS (BATHGATE/KAISER DEVELOPMENT COMPANY) (311.7)
Written Communications:
Report dated August 27, 1985, from the Deputy Director
forwarding a Participation Agreement between the Agency and
Kaiser Development company, as approved in concept at the
meeting of August 20, 1985, in connection with development
of a business park project. The site is on the Bathgate
property off Camino Capistrano at the northern City limits.
The agreement provides that:
1. Kaiser will pay $500,000 of the Oso Creek channel
improvements. In addition, they will pay $100,000 more
for every net usable acre in excess of 40.
2. The Community Redevelopment Agency will pay for the
remaining costs of flood control improvements, but in
no event will the Agency contribution exceed $2
million.
3. Kaiser will loan the Community Redevelopment Agency up
to $2 million for the Community Redevelopment Agency's
share of the flood control improvements. The Community
Redevelopment Agency will reimburse Kaiser using the
annual net tax increment coming from the Bathgate
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property. The Agency will pay an interest rate
equivalent to the prevailing rate for tax exempt bonds
at the time the obligation is created.
The Executive Director made an oral report and advised that
there is no commitment on the part of the City or Agency for
concept or land use approvals; the channel design will be
subject to the review process; that Kaiser and the Agency
are entering into the Agreement in good faith.
Resolution Approving Agreement:
It was moved by Director Schwartze, seconded by Director
Friess, that the following Resolution, which makes findings
pursuant to Health and Safety Code Section 33445, be
adopted:
RESOLUTION NO. CRA 85-8-27-1 APPROVING PARTICIPATION
AGREEMENT FOR FLOOD CONTROL IMPROVEMENTS (KAISER
DEVELOPMENT COMPANY)- A RESOLUTION OF THE SAN JUAN
CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY, APPROVING A
PARTICIPATION AGREEMENT BY AND BETWEEN THE AGENCY AND
KAISER DEVELOPMENT COMPANY; DETERMINING THAT THE
CONSTRUCTION OF CERTAIN ONSITE AND OFFSITE PUBLIC
IMPROVEMENTS IN CONNECTION WITH THE DEVELOPMENT OF A
BUSINESS PARK PROJECT BY KAISER DEVELOPMENT COMPANY
PURSUANT TO SAID PARTICIPATION AGREEMENT IS OF BENEFIT
TO THE CENTRAL REDEVELOPMENT PROJECT AND THE IMMEDIATE
NEIGHBORHOOD IN WHICH THE PROJECT IS LOCATED;
DETERMINING THAT THERE ARE NO OTHER REASONABLE MEANS OF
FINANCING SAID IMPROVEMENTS; AND AUTHORIZING THE
EXECUTION AND DELIVERY OF SAID PARTICIPATION AGREEMENT
The motion carried by the following vote:
AYES: Directors Friess, Bland, Schwartze,
and Buchheim
NOES: None
ABSENT: Chairman Hausdorfer
Approval of Participation Agreement:
It was moved by Director Schwartze, seconded by Director
Friess, and unanimously carried to approve the Participation
Agreement by and between the Redevelopment Agency of the
City of San Juan Capistrano and Kaiser Development Company
and to authorize the Vice Chairman and Agency Secretary to
sign the Agreement on behalf of the Agency.
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ADJOURNMENT
There being no further business before the Board, the meeting was
adjourned at 7:15 p.m., to the next meeting date of Tuesday,
September 3, 1985, at 7:00 p.m., in the City Council Chamber.
Respectfully submitted,
Y ANN rOVER, AGE14CY SECRETARY
ATTEST:
WRENCE F. UCH IM, VICE CHAIRMAN
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