RDA Min 1994-12-19 - Laserfiche WebLink

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Redevelopment Agency Executive Director Church presented the staff report and provided background on the subject property's integration into the Redevelopment Area by the Agency Board in October 1994, dependent on other factors such as the car dealership moving ttom the site. Director Church advised that the Agency board had adopted a Specific Plan for this site in September 1994 and showed overheads of the property. When the Agency adopted the City's Specific Plan as the Redevelopment Plan for this parcel and prioritized the options, the number one priority was for new retail use. Director Church advised that in October 1994, the Agency staff sent out offers to participate to the interested parties, and the respondents had to mid-November to return a one-page response, no plans were required. The only respondent was Safeway. The staff is asking the Agency Board to select Safeway as the developer of this property, the only respondent, and authorize staff to negotiate with them. Director Church explained the owner participation process as described in state law. Director Church stated the options are to select Safeway, terminate the proceedings and go no further, or ask staff to reissue the offers of participation process and start over. Director Church showed a basic plan of two buildings, one along El Camino Real and one along Jefferson with a treatment in the center. In response to Agency Board Directors questions regarding the property owner's unwillingness to have the property developed, Director Church advised that it was up to the Agency to decide if the redevelopment project goes forward or not. Director Church advised that during the owner participation process the Agency Board followed the letter of the law and the rules adopted by the Agency Board in 1982 and updated in 1990. Director Church advised that at this point there has been 2 to 3 years of discussion and the interested parties were well aware of the process and had lots of opportunities to get involved. Chainvoman Gasparini called on those speakers who had submitted speaker's cards. Joe Steinfeld, 850 Main Street, Redwood City, referred to the Redevelopment Agency Study Session of December 5,1994, and the discussion of Sequoia Station. Mr. Steinfeld stated he was still looking for justification why the City invested $10 million in that project. Mr. Steinfeld asked why and how much the City will be asked to put up for this property at Jefferson and El Camino Real. Mr. Steinfeld commented on auto dealerships and the impacts on tax revenues when they move out of the City or to another site within the City. Redevelopment Agency Counsel Hildebrand advised that at the December 5, 1994, Study Session, Mr. Church stated that one of the positive effects of Sequoia Station project was the removal of blight which is well documented; and another positive effect was the creation of employment, possibly in excess of 500 new jobs, which is one of the stated policies of redevelopment law. Attorney Hildebrand explained that the computation of the formula for payment of the annual fee paid to the developer for 15 years ttom the tax increment required that all the taxing entities including the City, School Districts and the Special Redevelopment Agency Minutes MINUTE BOOK NO.1 December 19, 1994 PagEl ¡No. 242 Page 2