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<br /> ---,- -~--- --- noo ~ <br /> In response to Board Member Greenalch's questions, Director Church advised <br /> a contract employee would be needed if Council approved this project, due <br /> to the number of projects the Agency is handling, and it looked like <br /> $3,000,000 of Agency funds would be needed to make these units marketable. <br /> Mr. Church advised that staff would love to see this project work and it <br /> would be given a fair evaluation after the pro formas had been evaluated. <br /> Mr. Church presented financial data regarding tax increments to Sequoia <br /> Station. <br /> Joseph Steinfeld, Main Street, Redwood City, spoke in favor of owner <br /> participation units in downtown rather than rental properties. <br /> City Attorney Schricker announced that the acquisition of the Warren/ <br /> Whipple property for publicly assisted housing was completed on June 10, <br /> 1993. <br /> MEMO 6/5/93 <br /> --------------------------------------------------------------------------- <br /> Mayor Buchan declared a recess at 9:40 p.m. <br /> The Meeting reconvened at 9:50 p.m. <br /> -------------------------------------------------------------------------- <br /> The following people spoke in favor of the Trestine Development: <br /> Gene Sullivan, Carleton Court, Redwood City; <br /> Diane Chessler, E. View Way, Redwood City; <br /> Joan Sullivan, Woodhill Drive, Redwood City <br /> In response to Board Member Claire's questions, City Manager Everett <br /> I recommended that the Board delay action on this item until Trestine had <br /> submitted their new pro formas and staff could evaluate them. At the July <br /> 19th Council Meeting staff would have a recommendation and alternatives for <br /> Council's decision. <br /> Patrick Edens, Secretary-Treasurer of Trestine, asked Council for more <br /> time to acquire appraisals and deal with the financial aspect of the Canned <br /> Food site. <br /> Council discussed the status of the Canned Food Store and asked staff to <br /> conduct a poll to see who shops there and what alternatives exist; and <br /> also, provide data regarding relocation costs. <br /> MIS: CLAIREISTEINFELD TO POSTPONE ACTION ON THIS MATTER TO THE COUNCIL <br /> MEETING OF JULY 19, 1993 TO BE ABLE TO HEAR UPDATED INFORMATION FROM STAFF <br /> AND TRESTINE; AND INCLUDE DETAILED INFORMATION ON WHO SHOPS AT CANNED FOOD <br /> STORE, ARE THERE ALTERNATIVES, AND PROVIDE THE COSTS OF RELOCATION. <br /> CARRIED BY UNANIMOUS VOICE VOTE. <br /> MINUTE ORDER NO. RD 93-013 <br /> ------------------------------------------------------------------------------- <br /> Redevelopment Agency Minutes <br /> MINUTE BOOK NO.1 June 14, 1993 <br /> Page No. 120 Page 3 <br />