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Home My WebLink About11-11-2008 RDA n n II n MINUTES REDEVELOPMENT AGENCY CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, NOVEMBER 11, 2008 **************************************************************************************************** CALL TO ORDER Chairman Buckley called the meeting to order at 7:42 p.m. ROLL CALL PRESENT: CHAIRMAN BUCKLEY VICE CHAIRMAN SCHIFFNER MEMBER HICKMAN MEMBER KELLEY MEMBER MAGEE ABSENT: NONE Also present were Executive Director Brady, Agency Counsel Leibold, Captain Cleary, Fire Chief Hendershot, Public Works Director/City Engineer Seumalo, Information/Communications Manager Dennis, Director of Parks and Recreation Gonzales, Acting Director of Community Development Weiner, Redevelopment Project Manager McCarty-Snead, and Interim Secretary Cowley CLOSED SESSION REPORT Agency Counsel announced that the Redevelopment Agency met in closed session at 5:00 pm to discuss eight items all of which involve real property negotiations under the authority of Gov't Code 9 54956.8. The parcels in each instance are identified with respect to agenda items 1 (a) through 1 (h). The negotiating parties in each instance are the Redevelopment Agency and the owners of each of the properties as identified on the agenda. Under negotiation in all circumstances are price and terms of payment. There is no reportable action on any of these items with the exception of Item 1(d) which involves a Purchase and Sale Agreement on the open session; and Items 1(b) and 1(c) are part of a project known as Pottery Court which is also on the open session agenda. Therefore action will be taken on those three items. 1(a) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Gov"t Code 954956.8) Properties: APNs 375042027-4; 375042028-5; 375031023-6; 378157040-1; 363281024-3; 373082021-8; 363540003-4; 378182017-9; 378182018-0; 1 n n n 378182035-5; 378055055-0; 378100008-7; 378100009-8; 378100017-5; 375201020-8; 375201019-8; 375274009-5; 375274010-5; 375321029-8; 375321030-8; 375321031-9; 375321032-0; 375321033-1; 375223037-2; 375223036-1; 375293029-2; 375293030-2; 375321006-7; 375321054-0; 375321053-9; 374043014-8; 374072026-9; 373132059-7; 373132058-6; 373132053-1; 373132052-0; 373134026-3; 373134025-2; 373134024-1; 374262011-2; 374262004-6 City/RDA negotiator: City Manager / Executive Director Brady Negotiating parties: Redevelopment Agency, City of Lake Elsinore, and the County of Riverside, et al. Under negotiation: Price and terms of payment 1(b) CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Gov't Code 954956.8) Property: APN 374-072-028, 374-072-030, 374-072-032, 374-072-034, 374-072- 036 Agency Negotiator: City Manager/Executive Director Brady Negotiating parties: Lake Elsinore Redevelopment Agency and City of Lake Elsinore Under negotiation: Price and terms of payment 1 (c) CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Gov't Code 954956.8) Property: APN 374-072-018, 374-020-030, 374-072-022 Agency Negotiator: Executive Director Brady Negotiating parties: Lake Elsinore Redevelopment Agency and Riverside County Flood Control District Under negotiation: Price and terms of payment 1(d) CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Gov't Code 954956.8) Property: APN 373-023-011, -012, -015, -024, -025 Agency Negotiator: Executive Director Brady Negotiating parties: Lake Elsinore Redevelopment Agency and L&L Management Services, LLC Under negotiation: Price and terms of payment 1(e) CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Gov't Code 954956.8) Property: APN 379-131-005, -006, -015, -018, -019 Agency Negotiator: Executive Director Brady Negotiating parties: Lake Elsinore Redevelopment Agency and Charles and Patricia Pearson Under negotiation: Price and terms of payment 1 (f) CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Gov't Code 954956.8) Property: APN 379-050-035, -036 Agency Negotiator: Executive Director Brady Negotiating parties: Lake Elsinore Redevelopment Agency and Harbor Grand Apartments Inv. 2 n Under negotiation: Price and terms of payment 1(g) CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Gov't Code 954956.8) Property: APN 374-174-018 Agency Negotiator: Executive Director Brady Negotiating parties: Lake Elsinore RedevelopmentAgency and Elsinore Pioneer Lumber Company Under negotiation: Price and terms of payment 1(h) CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Gov't Code 954956.8) Property: APN 374-174-017, -013 Agency Negotiator: Executive Director Brady Negotiating parties: Lake Elsinore Redevelopment Agency and Thomas A. Martin Under negotiation: Price and terms of payment PUBLIC COMMENTS - NON-AGENDIZED No public comments. n CONSENT CALENDAR (2) Approval of Redevelopment Aqencv Minutes Recommendation: Approve the following minute(s): a) Regular Meeting - October 28, 2008. (3) Warrant List Dated October 30. 2008 Recommendation: Authorize payment of Warrant List dated October 30, 2008. (4) Aqreement and Escrow Instructions for Purchase and Sale of Real Property APN 373-023-011. -012. -015. -024. -025 Recommendation: It is recommended that the Agency Board approve the purchase of the property subject to the satisfaction of appropriate conditions, direct the Agency Counsel to finalize the Agreement and Escrow Instructions for Purchase and Sale of Real Property according to any further Agency direction and authorize the Chairman to execute the agreement in such final form as approved by the Agency Counsel. n 3 n n n (5) Aoencv Compensation Waiver Implementation Recommendation: Receive and File the report explaining the implementation of the pay reduction. Member Kelley moved to approve Consent Calendar items 2 through 5; second by Vice- Chairman Schiffner. The motion was unanimously approved by the following vote: AYES: Chairman Buckley, Vice-Chairman Schiffner, Member Hickman, Member Kelley and Member Magee. NOES: None. PUBLIC HEARINGCS} No public hearings scheduled. BUSINESS ITEMCS) (6) BRIDGE Housino Corporation - Affordable Housino development Recommendations: a) Approve the Memorandum of Understanding by and between the Agency and BRIDGE Housing Corporation b) Approve Resolution No. 2008-04 authorizing an Affordable Housing Development Loan from the Agency's Low and moderate Income Housing fund to BRIDGE Housing Corporation for an affordable housing project known as Pottery Court c) Continue to work with BRIDGE to develop a comprehensive affordable housing strategy for the Redevelopment Agency to fulfill its inclusionary housing obligations. Agency Counsel Liebold presented the report indicating that this item involves different issues. In March 2008, the Agency Board approved the selection of BRIDGE Housing Corporation as the Agency's affordable housing development partner in an effort to develop an affordable housing strategy aimed primarily at achieving the Agency's inclusionary housing requirements. BRIDGE was selected pursuant to a Request for Qualifications process and was the successful respondent. Pursuant to the Agency Board's direction, staff and BRIDGE have negotiated a Memorandum of Understanding essentially documenting that both the Agency and BRIDGE will work diligently and in good faith together to identify, politically, economically, socially viable and appropriate affordable housing sites and move toward meeting the Agency's inclusionary housing obligation. The first action staff is requesting of Council is to approve the Memorandum of Understanding. As part of the effort to work together on the affordable housing strategy, BRIDGE has identified a project which they propose as a first priority project known as Pottery Court. It is approximately a 3.8 acre site bounded by Pottery Street and Sumner Avenue between the outflow channel and Langstaff. Bridge has 4 n n n successfully negotiated Letters of Intent for Purchase and Sales Agreements with all of the privately owned parcels and the Redevelopment Agency is engaged in negotiations with the City and the Flood Control District on the balance of the properties that would comprise the site. The project would consist of 90 units; 88 very low income units available at affordable rent to very low Income households and two manager-occupied units. There are many sources of funds and the parties have worked hard to leverage the funds. At this point BRIDGE is asking the Redevelopment Agency to adopt a resolution committing $4,039,000 of Low and Moderate Income Housing Set Aside Funds toward the project which involves a total of approximately $23 million. She indicated the proposed project would be subject to all City entitlement requirements, all applicable laws including CEQA, relocation laws, design review, and all applicable redevelopment laws. Staff was asking the City Council to approve the resolution committing the funds. She noted that at the study session earlier in the evening Ron Hewison addressed Council under public comments, and spoke in favor of the project congratulating the Agency and BRIDGE on such good leveraging of its housing set aside funds. She advised there were three recommended actions: approve the Memorandum of Understanding, approve the resolution and direct staff and BRIDGE to continue working toward developing the affordable housing strategy in meeting the Agency's housing requirement. Brad Wiblin of BRIDGE Housing addressed Council stating they were happy to be taking this step in what is a logical progression toward the larger strategy and they look forward to taking the progression of steps necessary to bring forward a financially, aesthetically and architecturally efficient project to meet the goals of the Agency and improve access to housing for low and moderate families. Member Kelley commented on what a wonderful opportunity it is for the Agency to move forward to meet its affordable housing requirements. She acknowledged the Agency found a very committed and professional partner with BRIDGE and the Agency looks forward to working with Bridge extensively in the future and now. Member Kelley moved to approve the Memorandum of Understanding; second by Member Schiffner. The motion unanimously carried by the following vote: AYES: Chairman Buckley, Vice-Chairman Schiffner, Member Hickman, Member Kelley and Member Magee. NOES: None Member Magee recognized the enormity of this project in committing $4 million toward the Agency's goal of securing low and moderate income housing and for the project being part of the downtown revitalization. He recognized City Attorney Leibold for her work on this project and complemented Redevelopment Project Manager McCarty as an incredible asset to the staff stating he has brought a level of professionalism that is impressive. He also recognized Chairman Buckley for driving this forward the last couple of years noting this is truly a passion for Chairman Buckley. Chairman Buckley indicated this is the first step as the Agency moves forward. He asked the City Attorney to confirm that by law the Agency must provide 800 to 1,000 5 n n n units of affordable housing. He indicated as the Agency moves forward there is always going to be the question about spending the money now during this economy. He reminded everyone that redevelopment agencies were created specifically to redevelop downtowns and other blighted areas. The way that is done is by capturing tax increment, and in exchange for capturing the tax increment it is the law that housing units have to be built using set aside funds that cannot be used for anything else. The City Attorney confirmed that 20% of all of the increment that the Agency receives is dedicated for increasing, improving and preserving affordable housing. Member Hickman moved to approve Resolution No. 2008-04 authorizing an Affordable Housing Development Loan from the Agency's Low and Moderate Income Housing Fund to BRIDGE Housing Corporation for an affordable housing project known as Pottery Court; second by Vice-Chairman Schiffner. The motion unanimously carried by the following vote: AYES: Chairman Buckley, Vice-Chairman Schiffner, Member Hickman, Member Kelley and Member Magee. NOES: None. Member Hickman moved to direct staff to continue to work with BRIDGE to develop a comprehensive affordable housing strategy for the Redevelopment Agency to fulfill its inclusionary housing obligations; second by Vice-Chairman Schiffner. The motion unanimously carried by the following vote: AYES: Chairman Buckley, Vice-Chairman Schiffner, Member Hickman, Member Kelley and Member Magee. NOES: None. PUBLIC COMMENTS - NON-AGENDIZED ITEMS No public Comments EXECUTIVE DIRECTOR COMMENTS LEGAL COUNSEL COMMENTS City Attorney Leibold congratulated the Agency. BOARDMEMBER COMMENTS 6 n n o ADJOURNMENT There being no further business to come before the Agency Board, Chairman Buckley adjourned the meeting at 7:53 p.m. THOMAS . BUCKLEY AIRMAN ORE / A nEST: / ~ -,. . 0' 7