RDA Min 1992-06-08 - Laserfiche WebLink

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-- - _n -- ------~ -_.~_.- ---- --- - -- --- Mr. Davies said he has a good firm of attorneys, and is asking the Agency to put this matter on ice to allow him time to work out something with Safeway. Carol Mittlesteadt, Redwood City Attorney representing Rosalie Davies, advised the Directors of the Agency her client had not made a decision and preferred to wait to hear what Mr. Davies was to say tonight. Ms. Mittlesteadt advised that Mrs. Davies had met with Mr. Michaels and asked for clarification on two matters: It was her understanding that the corner parcel upon which Park Chevrolet is doing business was not included in the Sequoia Station Project, and in order for it to be included the Plan would have to be amended. Mr. Church advised the dealership parcel is not currently in the site plan and was only included in the Redevelopment Area in December 1989. As of tonight no decision had been made to incorporate that parcel into the Project. Ms. Mittlesteadt asked for clarification on a second matter: The 200 feet by 30 feet parcel at the top of the curve of what she called Franklin Street property had not been included in the offer that had been made to the Davies. Mr. Hildebrand stated that was not correct. That parcel is included in the parcel that the Agency is considering taking this evening. Ms. Mittlesteadt stated she realized it was included in the legal description, but asked if it had been included in the square footage against which the $24 per square foot was calculated. Mr. Hildebrand advised that that question had been answered by the appraiser who had looked at the property and the preliminary title report for the property and concluded that the power of reversion rendered the ownership of that parcel so questionable that it had no value, negligible value, and that issue raised the question between the former owner Southern Pacific and the Davies ownerships now, and can be resolved between the parties or in court if the Agency goes into eminent domain. The property will be acquired, but the question is who gets the money for it. Ms. Mittlesteadt advised it was her understanding that the reversionary right had not come into play, she agreed with Mr. Davies on that, and thanked the Board. Mr. Alan Phillips stated he was affected by the proceedings as an owner and as an attorney for another owner advised that he noticed the Notice of Hearing for this matter was set for Monday, June 8, 1992, and it was presently June 9th, and wondered if the Board had the authority to approve anything at this time. Redevelopment Agency Minutes June 8, 1992 Page 8 MINUTE BOOK NO.1 Page No. 68