RDA Min 1987-10-26 - Laserfiche WebLink

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2. Gateway Sub-Area - Update (Oral Report) (1401-02 ) Executive Director Church reported negotiations with Innisfree Company have been proceeding, and a meeting is planned for October 29, 1987. Mr. Church also reported that with regard to the development at El Camino Real and Broadway, the owner has received an architectural permit and a building permit. The owner participation agreement however was approved for a certain set of plans, but details of those plans have been changed, and the agreement is pending resolution of the proposed changes. Mr. Church noted that staff believes it is important that quality which is equivalent to that which was approved when the plans were previously presented to the Agency be provided. Planning Director Patterson confirmed Mr. Church's statement and said that construction can commence now in accordance with the building permit. Mr. Patterson said that no final landscaping plan has been submitted, and the approval by the Agency was dependent upon the approved landscaping, noting it may be necessary to eliminate a parking space to retain the appearance as the development was approved. ---------------------------------------------------------------------------------- 3. Centre Sub-Area - Update (Oral Report) ( 1401-03) Executive Director Church said that negotiations with Trammel Crow for the Middlefield/Main project is awaiting the prevailing wage policy which will be on the November 23, 1987 Agency agenda. MEMO 10/27/87 Mr. Church reported that the Redwood Glass Company relocation is almost complete. He said that the Hodge Podge tenant now has a 72-hour move-out clause, and the same approach will be used with other tenants, thereby making it easy for the Agency to acquire the property, and, at the same time, allow tenants to remain until the property is needed. Mr. Church said that the Service League is attempting to find comparable space and rent downtown. Mr. Church reported also that the developer of the Main/Broadway project has not yet paid the appraisal bill but plans for the Nagel Building combining offices, parking and retirement apartments have been submitted which are the same as presented at the time the now expired use permit was obtained. ---------------------------------------------------------------------------------- 4. Status of proposed bond issue ( 405-10) Report: Executive Director 10/21/87 Executive Director Church presented the subject report. ---------------------------------------------------------------------------------- Red ev . Agency 10/26/87 Page 2 MINUTE BOOK NO. 47 Page NO.. 397 --.- - - - -_u_- - - --~---