RDA Min 1992-06-09 - Laserfiche WebLink

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--,._u --.---. ------ - - ------ -- - n_- - burden is on the property owner to show why the stay is necessary; also the owner has the right within 30 days to file for an increase to the deposit. In answer to Mr. Phillips question, Mr. Adams advised that if the property owner draws down the funds deposited with the court, he waives his right to object to the taking, but does not agree to when the property can be taken. nor compensation. Mr. Phillips stated the Cooks objections are not with the Redevelopment process, but they were insulted by the Agency's offer and they were promised they would be able to remain until late in October. Mr. Phillips requested that the Board give the Cooks until that date. In response to questions from the Board, Mr. Cook explained that his clientele has monthly requirements, and his trophy business is least busy during October, and that being down for any period of time is a tremendous imposition. Mr. Cook stated he has so much work from now until September 15th that he just cannot take the time to do what is necessary to relocate. Chairwoman la Berge called upon Mr. Schiavone to address the Board. Mr. Schiavone restated that he had problems with the Redevelopment Agency's agent, Mr. Michaels and the contacts were unproductive; Mr. Michaels made one offer, and Mr. Schiavone made one counter, and Mr. Michaels did not contact him again; and the Redevelopment Agency acquisition and relocation documents distributed earlier should advise property owners to get an attorney. Mr. Adams advised that under the law the Agency must obtain an appraisal based on fair market value before they make the offer, which means the highest price, in terms of what that property would sell for at the time of the offer. Under the law the highest price is the point where the Agency begins negotiations. The Agency hired Frank Fabro to do the appraisal and based on his appraisal the offer was made to the Schiavones. There was nothing else Mr. Michaels could do at that point based on Mr. Fabro's appraisal and the fact that Mr. Schiavone had not yet obtained an appraisal of his own. The Agency begins negotiations at the fair market value and cannot make a gift of public funds. In response to questions from the Board Mr. Schiavone stated he did not want to sell his property, that the building should be saved because of its history, its architecture and its uniqueness, but he had been told by Mr. Church that it had no historical significance. Mr. Schiavone advised that the appraisal he received yesterday was 20% higher than the offer from the Agency, and stated the Agency did not want to negotiate with him. MIS: ClAIREIMURRAY TO CLOSE THE HEARING CARRIED BY UNANIMOUS VOICE VOTE AND HEARING CLOSED AT 1:00 P.M. Adj. Reg. Redev. Agency Mtg. Minutes June 9, 1992 MINUTE BOOK NO.1 Page 4 Page No. 78