RDA Min 1994-12-05 - Laserfiche WebLink

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. I II In response to Director La Berge's questions, Planning Director Patterson presented an update on the Hamilton Street Project and the Entry Features Program. - Planning Commissioner Watry expressed his concerns regarding the economic impacts on areas left vacant by auto dealerships moving to a new mall or auto cluster area. Director Church advised that Bill Carlson would have to add that issue to his scope of work. In response to Director Howard's questions regarding Carrington Hall, Redevelopment Director Church described how the original plan to share costs with Sequoia High School ($60,000 each) had been put on hold by the School. City Manager Everett and Director Church discussed the need for a logical connection for the justification of using capital outside the Redevelopment Area. However, the 20% set aside housing funds must be spent within the City boundary. In response to Chairwoman Gasparini's questions, Housing Coordinator Jones- Thomas described how the 1st Time Homeowner's Program would be broadly marketed. Director Church advised that redevelopment projects are not supposed to produce a profit for the Redevelopment Agency: redevelopment projects are justified only when the private sector cannot afford to develop the project on its own. Director Church - described state law requiring Redevelopment Agency debt. Vice Chairman Hartnett discussed the use of tax increment monies to pay bond indebtedness, not general fund money. Don Warren, Redwood Shores Properties Inc. President, described the unique qualities and the success of Heron Court, a redevelopment project in Redwood Shores, and complimented the staff of the Redevelopment Department, calling them" a top notch team." In response to Commissioner Giannini's questions, Director Church advised that the Redwood City Redevelopment Area is known as Project Area No.2, and it has three noncontiguous areas. Attorney Hildebrand described the debt limits and shortened periods of debt established by the Ordinance adopted for first reading at the previous Council Meeting. In response to Chairwoman Gasparini's request for a complete listing of possible future projects Director Church advised that the Implementation Plan coming before the Redevelopment Agency on December 19, 1994, would include all the information - she requested. MINUTE BOOK NO. 52 Redevelopment Agency Joint Study Session Minutes Page No. 229 December 5,1994 Page 4