88-019_CRA_Minutes_Regular MeeitngJANUARY 19, 1988
REGULAR MEETING OF THE SAN JUAN CAPISTRANO
COMMUNlTY REDEVELOPMENT AGENCY
BOARD OF DIRECTORS
The Regular Meeting of the Board of Directors of the San Juan Capistrano Community
Redevelopment Agency was called to order by Chairman Hausdorfer at 7 :10p.m ., in the
City Council Chamber.
ROLL CALL PRESENT: Gary L. Hausdorfer, Chairman
K enneth E. Friess, Vice Chairman
Anthony L. Bland, Director
Lawrence F . Buchheim , Director
ABSENT : Phillip R. Schwartze, Director
(arrived at 8 :4 0 p.m.)
STAFF PRESENT: Stephen B. Julian, Executive Director; Thomas G. Merrell, Deputy
Director; Mary Ann Hanover, Agency Secretary; Robert G . Boone, Finance Officer;
Glenn Southard, Assistant City \~anager; John R . Shaw, City Attorney; William D.
Murphy, Director of Public Works; Thomas L. Baker, Director of Community Services;
Cheryl Jo hnson, Recording Secretary.
MINUTES
Regular Meeting of January 5, 1988:
It was moved by Director Buchheim , seconded by Director Bland, that the Minutes of the
Regular Meeting of January 5, 1988, be approved as submitted. The motion carried by
the f ollowing vote:
A YES : Directors Friess, Bland,
Buchheim, and Chairman Hausdorfer
NOES: None
ABSENT: Director Schwa rtze
BOARD ACTIONS
I.
2.
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APPROVAL OF WARRANTS (300.30)
It w~s moved by Director Bland , seconded b D ' .
carrted to approve the List of Demands d / trector Buchhetm, and unanimous l y
840, in the total amount of $1,093,529.50.at e December 31, 1987, Warrant Nos. 800-
REPORT OF CASH FUND B!\L:\NCES 030.50)
I t w~s moved by Director Buchheim seconded b . D.
earned to approve the Report of Ca;h F d B I 1 trector Bland, and unanimous ly
amount of $33,615.20. un a ances as of October 31, 1987, in the
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3. UISITION OF LEASE
Written Communications:
Report dated January 19, 1988, from the Deputy Director, advising that the Agency
owns the property commonly known as El Peon , located at 26832 Ortega Highway.
Robert and Carolyn Patrick own the Master Lease to the p roperty, which has a
remaining term of nine years . The report advised that 1'-M . and Mrs. Patrick wished
to sell the leasehold interest in the property to the Agency . The report forwarded a
Conveyance Agreement setting forth financial terms of the acquisition at a $125,000
cash payment and $2,000 per month for seven years for a total cost of $293,000.
The Agency will receive approximately $93,600 per year in rents from subtenants.
Approval of Agreement:
It was moved by Director Buchheim , seconded by Director Friess and unanimously
carr ied to approve acquisition of the ,\.\aster Lease on the El Peon property from
Robert and Carolyn Patnck, i n the total amount of $293,000 . The Chairman and
Secre t ary were authorized to execute the Conveyance on behalf of the Agency.
4. HISTORIC TOWN CENTER - I
1TERIM FINANCING,
BO D A TICIPA TION NOTE 040.30)
5.
Written Communications:
Report dated January 19, 1988, from the Finance Officer, advising that the Agency
needed to replace a major revenue source for Fiscal Year 1987-88, since the Cash
Balance had been drawn down with the acquisition of property for the Historic Town
Cente r and citing several options available . The r eport advised that the most
economic option was to issue a Debt Instrument to the City. The debt would be
scheduled fo r repayment with the next Bond or Note Issuance of the Agency, or
when sufficient cash is available from other sources . The rate of interest on the
note would range from 9 .0% to 9 .5%. The . ore will be issue d in the a mount of
$6,000,000 , with draws from the City as cash is required.
Approval of Bond Anticipat i on Note: . . .
It was moved by Director Bland , seconded by Dtrecter Buchhetm an? unantmously
c arr ied to authorize the Executive Director and Secretary t~ stgn the. Bond
Anticipation Note in the amount of $6,000,000, and to direct the Ftnance Offtcer to
request draws as cash needs are required.
HISTORIC TOWN CENTER -EXTENSION OF L EASE
(TEXACO, 26&74 ORTEGA HIGHWAY) (670.20)
Written Communications: De t Director advising that the existing
Report dated January 19, .1988, fr.om t~~ , P.u y A ril 30 '1988 . The property is not
lease for the Texaco Servtce. Stat.tOn Tw~n e~~~~er pdevel~pment and realignment of
currently needed for the Htstonc o ·tendin the lease for a one-year
Ortega Highway and t~e repoSrt recom~~nded .~~nt plu: l¢ per gallon delivered to
period. The lease requtres a 400 mont y pa)
the site over 480 ,000 gallons per annum .
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A pproval of Lease Ex t ension: . . .
It was moved by Director Bland, seconded by Dtrector Fness and u~ant~ously
ca rr ied to authorize the Executive Director to execute documen ts entenng tnto an
extension of the lease between Texaco USA and the Agency for a period of one year,
ending April 30, 1989 . The lease will be extended month-to-month thereafter.
6. COOPERAT ION AGREEMENT (CAPISTRANO UNIFIED SCHOO L DISTRICT)
~6_0Q..5oY
Written Communkations:
Report <.iated January 19, 1988, from the Deputy Director, advising that on
Janu ary 6, 1986, the Agency entered in to a Cooperation Ag reemen t for acquisition
of the Capistrano Elementary School site at 31422 Camino Capistrano. In exchange
the Agency will construct a gymnasium and 50-meter competi tion swimm ing poo l at
Capistrano Valley High Schoo l. The report advised that although escrow wa s
extended to Ju0e 1, 19 88, it could be completed within 30 days and it was
recomm en ded that necessary actions be taken to close esc r ow.
Close of Escrow-Capistrano E lementar y School Site:
It was moved by Director Buchheim, seconded by Director Frie ss and unanimou sly
carried to authorize the Executive Director, or his design ee , to ex ecute a ll
documents necessary to close esc row on the Capis trano Unified School Di strict
pr operty known as the Capist rano Elementary School site .
CLOSED SESS ION
The Boa rd r ecessed at 7 :1 7 p.m ., to reconvene the City Coun cil meeting. The Board
conven ed in a Closed Sess i on at 8:02 p.m., for discu ssion of perso nnel matters a nd
acquisition of p r operty in t he Historic Town Cen ter owned by the Agency, with the
Agency Secretar y excused therefr om . Director Schwanze arrived at 8:40 p.m. The
meeting reconvened at 9:03 p .m . with Director Schwanze and Chairman Hausdorfer
absent.
BOARD ACTIONS
l. PROPERTY ACQUISITION (OLIVER/McMILLAN) (670.20)
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It was moved by D irector Blan d, seconded by Director Buchheim and unanimously
carried with Chairman Hausdorfe r and Director Schwartze absent, to direct the
Executive Director to continue discussion regarding property acquisition.
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ADJOURNMENT
The re being no further business before th e Board, t he meeting was adjourned at 9:03
p.m ., to the next r eg ul ar mee ting date of Tuesday , February 2, 1988, at 7:00p.m ., in the
City Cou ncil Chamber .
Respectfully submitted,
ATTEST :
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