91-0306_CC_Minutes_Adjourned Regular MeetingMARCH 6, 1991
ADJOURNED REGULAR MEETING OF THE CITY COUNCIL
OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA
The Adjourned Regular Meeting of the City Council of the City of San Juan Capistrano,
California, was called to order by Mayor Friess at 7:05 p.m., in the La Sala of the San
Juan Capistrano Library to conduct a joint meeting the Community Redevelopment
Agency relative to purchase of the Kinoshita Farms.
ROLL CALL PRESENT: Kenneth E. Friess, Mayor
Lawrence F. Buchheim, Mayor pro tem
Gary L. Hausdorfer, Councilman
Gil Jones, Councilman
Jeff Vasquez, Councilman
ABSENT: None
STAFF PRESENT: Stephen B. Julian, City Manager; George Scarborough, Assistant City
Manager; Cheryl Johnson, City Clerk; David Bentz, Director of Administrative Services.
ADMINISTRATIVE ITEMS
1. RESOLUTION AUTHORIZING PURCHASE OF COMMUNITY
REDEVELOPMENT AGENCY FARM PROPERTY KINOSHITA)
670. _70)
Written Communications:
Report dated March 6, 1991, from the City Manager, noting that on March 5, 1991,
the Community Redevelopment Agency Board of Directors approved a Purchase
Agreement and Farm Management and Operation Agreement for the Kinoshita
properties, approximately 56 acres located at the northwest corner of Alipaz Street
and Camino Del Avion. Purchase of the property was made possible due to the April
1990 passage of Measure D, the $21,000,000 bond measure for the purchase of open
space and agriculture lands. The Community Redevelopment Agency purchased the
property in order to provide a financing tool to allow the Kinoshita family to receive
tax-deferred treatment on the sale of the property. Without the Agency's
involvement the purchase price would have been much higher. The report
recommended approval of the agreement providing for purchase by the City of an
undivided four/fifths interest in the property which will be acquired for $9,610,000.
Financing will use approximately $6.5 million in bond proceeds. from the open space
bond measure, with the remaining funds from the agriculture preservation fund,
parks and recreation fund and monies anticipated from the California Coastal
Conservancy. The report further recommended that once the City had purchase the
property from the Community Redevelopment Agency, the Agency would direct
repayment of certain indebtedness to the City in the amount of $7,550,000.
The City Manager noted that part of the Community Redevelopment Agency
transaction involved issuance of Notes to the Kinoshita family. He recommended
that in order to better meet her needs the Board approve an exchange of the Kioki
Kinoshita Note.
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2.
Approving Sale of Real Property (Kinoshita):
It was moved by Councilman Hausdorfer, seconded by Councilman Jones that the
following Resolution be adopted:
OVING
LE
COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO,
CALIFORNIA, APPROVING AN AGREEMENT FOR THE SALE OF
REAL PROPERTY BETWEEN THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY AND THE CITY OF SAN
JUAN CAPISTRANO (KINOSHITA)
The motion carried by the following vote:
AYES: Councilmen Jones, Hausdorfer, Buchheim,
Vasquez, and Mayor Friess
NOES: None
ABSENT: None
NO. 91 -1 -
THE
Written Communications:
Report dated March 6, 1991, from the Director of Administrative Services,
forwarding a resolution listing ten amendments to Resolution No. 91-1-15-2, which
authorized the issuance of the Series A of 1991 General Obligation Bonds of the City
of San Juan Capistrano (Open Space Program). The amendments relate to the
delivery and principal payment dates of the Bonds and the duties of the paying agent
for the bonds in order to provide greater specificity as to the terms of such Bonds
and paying agent duties.
Authorizing Amendments to Resolution:
It was moved by Councilman Buchheim, seconded by Councilman Jones that the
following Resolution be adopted:
THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, AMENDING
RESOLUTION NO. 91-1-15-2 OF THE CITY COUNCIL OF THE CITY
OF SAN JUAN CAPISTRANO AUTHORIZING THE ISSUANCE OF
THE CITY'S SERIES A OF 1991 GENERAL OBLIGATION BONDS
(OPEN SPACE PROGRAM)
The motion carried by the following vote:
AYES: Councilmen Jones, Hausdorfer, Buchheim,
Vasquez, and Mayor Friess
NOES: None
ABSENT: None
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3/6/91
ADJOURNMENT
There being no further business before the Council, the meeting was adjourned at 7:15
p.m., to the next meeting date of Tuesday, March 12, 199L, at 7:00 p.m., in the City
Council Chamber to convene a Closed Session relative to pending litigation following the
Capistrano Valley Water District public hearing on that date.
Respectfully submitted,
CHER-YL JOHNSON,6CITY CLERK
ATTEST:
GKN. (�:' ,/-"' ,
KENNETH E. FRIESS, MAYOR
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