93-0216_CRA_Minutes_Regular Meeting1-57
FEBRUARY 16, 1993
REGULAR MEETING OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY
BOARD OF DIRECTORS
The Regular Meeting of the Board of Directors of the City of San Juan Capistrano Redevelopment Agency was
called to order by Chairman Nash at 7:07 p.m. in the City Council Chamber.
ROLL CULL PRESENT: Carolyn Nash, Chairman
Jeff Vasquez, Vice Chairman
Collene Campbell, Director
Gary L. Hausdorfer, Director
Gil Jones, Director
ABSENT: None
STAFF PRESENT: George Scarborough, Executive Director; Thomas Tomlinson, Deputy Director; Richard K
Denhalter, City Attorney; Cynthia L. Pendleton, Interim Finance Officer; Cheryl Johnson, Agency Secretary;
William Huber, Director of Engineering and Building Services; Nancy Bernardi, Recording Secretary.
The Minutes of the Regular Meeting of February 2,1993, were approved as submitted as part of the City Council
Consent Calendar.
PUBLIC HEARINGS
1. JOINT PUBLIC -HEARING WITH THE TTY COUNCIL - PROPERTY LOCATEDAT
33949 DOHENY PARK ROAD, #§_ {COMMUNITY REDEVELOPMENT
AGENCY/PRICE COMPANY EL H INVESTMENTS) D
FROM FEBRUARY 2,122S
Pr :
Consideration of.
a) The second amendment to the Disposition and Development Agreement and Promissory Note
to provide for car dealerships as a permitted use at Building #6 of the Price Club Plaza;
b) A Master Lease Agreement between the Community Redevelopment Agency and the Price
Company, with an initial term of 10 years, 180 days, for the use of the premises, in which the
Community Redevelopment Agency would pay to the Price Company a base rent of 5300,000
annually, a Common Area Rent of $3,000 annually, and a Sales Tax Rent equal to 22'/2% of the
tax revenues collected by the City from the business; and
C) A Sublease Agreement between the Community Redevelopment Agency and Weseloh
Investments, with an initial term of 10 years, 179 days, for the use of the premises, in which the
Weseloh Investments would pay to the Price Company a base rent, a Common Area Rent, and
a Sales Tax Rent equal to 471/2% of the tax revenues collected by the City from the business.
Written Communication:
Report dated February 16, 1993, from the Executive Director, noting that the Price Company had
requested a continuance of the Hearing due to unresolved issues.
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LV6047A�
Mr. Scarborough noted that staff concurred with the Price Company's request to continue the hearing
to address concerns with conditions recommended by staff for a proposed off-site sign.
Continuation of Public Hearing:
Notice having been given as required by law, Mayor Jones opened the Public Hearing. There being no
response, it was moved by Director Campbell, seconded by Director Hausdorfer, and unanimously --
carried that the hearing be continued to the meeting of March 2, 1993.
• 97,611•
1. RECEIVE AND FILE QMH BALANCES BY FOR DECEMBER 1992 (330,50)
The Finance Officer's Report of Cash Fund Balances for the month of December 1992 in the total
amount of $32,935.39 was received and filed.
2. FINANCE OFFICER'S REPORT QF INVESTMENTS„AS OF JANUARY 3L 1993 (35030
The Finance Officer's Report of Investments as of January 31, 1993, in the total amount of $1,044,781.82
was received and filed.
CLOSED SESSION
None.
There being no further business before the Board, the meeting was adjourned at 7:08 p.m, to the next regular
meeting date of Tuesday, March 2, 1993, at 7:00 p.m, in the City Council Chamber.
ATTEST:
CAROLYN ASH, CHAIRMAN
CRA Minutes
Respectfully submitted,
19
CHERYL JOH SON GENCY SECRETARY
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2/16/93