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RESOLUTION RD 03-79 DECLARING THE OFFICIAL INTENT TO REIMBURSE EXPENDITURES FROM THE PROCEEDS OF TAX EXEMPT SECURITIES __ 5. GENERAL A. Hearing for the Relocation Plan for the Downtown Underground Public Parking Garage and the Retail-Cinema Project and appropriate funds for the relocation. Economic Development Coordinator gave the background and stated that if the Plan is approved, the tenants will receive a 90-day notice for relocation. Staff is recommending approval of the plan and authorization for the Agency to proceed with the relocation effor/s and provide relocation assistance to afl the tenants in the area. By resolution, appropriation of the funds in the amount of approximately $1.015 million necessary to provide the relocation assistance from the Redevelopment budget is also recommended. Cecilia Melanson, Nor/hern California Regional Director with Pacific Relocation Consultants (PRC), gave an explanation of the Plan. They assist agencies with the planning process and the Plan is prepared by interviewing all of the occupants of the project. Information regarding their existing circumstances and what they would need in terms of viable replacement sites is obtained. With approval of the Plan, the relocation planning process ends and the implementation process begins. She stated that the relocation benefits include, primarily, moving expenses and re- establishment expenses for the business occupants. -- Pubfic Comment: Rudy Luca asked if the tenants are not satisfied with the relocation, what is done and who pays the costs. Chairman Claire stated that the Redevelopment Agency will pay the costs. Ms. Melanson stated that PRC will work closely with the tenants to identify a suitable replacement site for them. In some cases, businesses choose to not re- establish the business but in every case, they work to locate a suitable business site and then assist them with relocating to the site and re-establishing the business. Sue Thompson, owner of Paradise Island, stated that some of the expenses will be out of pocket and asked if after 90 days if no relocation site is found, whether the time can be extended and how that might be done. Economic Development Coordinator Webb stated that there is some time beyond the 90 days, but to stay on the fast track schedule of the project, construction on the parking garage must begin in late summer. REDEVELOPMENT AGENCY MEETING March 24, 2003 MINUTES PAGE 3 MINUTES BOOK NO. 02 Page No. 125