RDA Min 1997-04-21 - Laserfiche WebLink

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nature of the area, where you place the rental housing, where you place the 'for sale' housing, while I said that the quality of the housing really depends on the developer, it is not completely true. I think that if you are going to have 'for sale' housing in an area, there may be parts of that area you cannot put 'for sale' housing in and have a good price. That maybe those areas can best be used for rental. I am not sure when I look at this particular area that I wouldn't want things reversed, and the 'for sale' housing, I think that needs to be looked into further. The conclusion that I am personally coming to is that I would like to see us begin to look at as wide an area as possible. Given the understanding that if we were to approach the entire Franklin Street Area and ask for a development plan for the entire Area, that that might be impractical. But if we were to take the approach of taking perhaps a good segment of it, as broad as we can at this time, and ask for plans for development of such a large area, then I think we have the hope, as Mr. Warren said, of building something that will really be attractive and successful. I think we have a real opportunity here because we are starting ITom scratch. If we build piecemeal and don't look at a large area, I think we will regret it. We have the opportunity to create an integrated community with walkways that go ITom the beginning of the area all the way through to Sequoia Station, toward the Library... That would be what I would propose to my fellow Directors." Director Buchan said, "I am fully familiar with the quality of Shea Homes... My father worked for that organization... as kids we got to see model homes. I have no doubt that Shea or any other developer can create a quality project, but I am most familiar with that organization. Secondly, the case was made loud and clear last week that there is a market out there for 'for sale' housing, and we dare not let that market go. I am going to offer the following motion: "MIS: BUCHANIHOWARD THAT WE FORMALLY TERMINATE THE OWNER PARTICIPATION PROCESS, REJECT ALL PROPOSALS TO PARTICIPATE, AND WE CHOOSE THE TIDRD OPTION IN OUR STAFF REPORT WHICH IS TO ISSUE AN OFFER TO PARTICIPATE ON AN AREA ENCOMPASSING LONESTAR AND OTHER PARCELS, AGAIN SPECIFYING FOR SALE OR MIXED" In response to Director Leipzig's questions, Director Buchan said, "I am leaning towards 'for sale' housing. I don't mind a mix. I don't know what the number would be." In response to Chairman Hartnett's questions, Director Church said staff did not need the Agency Board Directors to specify the appropriate mix. He said, "If you do what the motion implies and we put it back out for participation, you have a number of other owners. What you could indicate to the people who are represented here, you have representative Mr. Butler who is a significant player in that land area, that we proposed, and Lonestar, that they have conversations about coming to an agreement on how to structure the deal, and let them figure it out. I think they have a sense of what you want. It would be nice for them to know if you mean it has to be more than 50% SPECIAL REDEVELOPMENT AGENCY MEETING MINUTE BOOK NO.1 APRIL 21,1997 MINUTES Page No. 422 PAGE 6