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HomeMy WebLinkAboutRA Minutes 2000-06-05SRRA MINUTES (Regular) 6/5/2000 Page 1 IN THE COUNCIL CHAMBER OF THE CITY OF SAN RAFAEL, MONDAY, JUNE 5, 2000 AT 7:30 PM Regular Meeting: Present: Albert J. Boro, Chairman San Rafael Redevelopment Agency: Barbara Heller, Vice -Chair Cyr N. Miller, Member Gary 0. Phillips, Member Absent: Paul M. Cohen, Member Also Present: Rod Gould, Executive Director Gary T. Ragghianti, Agency Attorney Jeanne M. Leoncini, Agency Secretary ORAL COMMUNICATIONS OF AN URGENCY NATURE: None. CONSENT CALENDAR: 7:50 PM Member Phillips moved and Member Heller seconded, to approve the following Consent Calendar items: ITEM RECOMMENDED ACTION 1. Approval of Minutes of Regular Meeting of Monday, Approved as submitted. May 15, 2000 (AS) 2. Resolution Declaring Official Intent to Reimburse Certain Expenditures from Proceeds of Indebtedness Relating to Acquisition and Rehabilitation of 162-172 Belvedere Street and Authorizing Related Actions (RA) - File R-404 x R-413 x (SRCC) 229 x (SRCC) 13-16 3, Resolution Declaring Official Intent to Reimburse Certain Expenditures from Proceeds of Indebtedness Relating to Acquisition and Rehabilitation of 129-137 Canal Street and Authorizing Related Actions (RA) - File R-404 x R-413 x (SRCC) 229 x (SRCC) 13-16 RESOLUTION NO. 2000-14 - RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN RAFAEL DECLARING OFFICIAL INTENT TO REIMBURSE CERTAIN EXPENDITURES FROM PROCEEDS OF INDEBTEDNESS RELATING TO THE ACQUISITION AND REHABILITATION OF APARTMENTS LOCATED AT 162-172 BELVEDERE STREET AND AUTHORIZING RELATED ACTIONS. RESOLUTION NO. 2000-15 - RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN RAFAEL DECLARING OFFICIAL INTENT TO REIMBURSE CERTAIN EXPENDITURES FROM PROCEEDS OF INDEBTEDNESS RELATING TO THE ACQUISITION AND REHABILITATION OF APARTMENTS LOCATED AT 129-137 CANAL STREET AND AUTHORIZING RELATED ACTIONS. 5. Monthly Investment Report (MS) - File R-123 Accepted Monthly Investment Report for month ending April, 2000, as presented. AYES: MEMBERS: Heller, Miller, Phillips & Chairman Boro NOES: MEMBERS: None ABSENT: MEMBERS: Cohen SRRA MINUTES (Regular) 6/5/2000 Page 1 SRRA MINUTES (Regular) 6/5/2000 Page 2 The following item was removed from the agenda for further discussion: 4. RESOLUTION AUTHORIZING EXTENSION OF THE EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT WITH MONAHAN PARKER. INC.. FOR THE REDEVELOPMENT OF THE "B" STREET PROJECT AREA (RA) - File R-406 Dave Zappetini, property owner in the downtown area, reported he has been involved in the "B" Street redevelopment project for nearly two years, and is concerned with the length of time that has passed. He reported property costs in the neighborhood have skyrocketed, noting two years ago the Indian restaurant next to his property had been on the market for $850,000, and sold to Marin Express for $1.5 million. In addition, he stated the parking requirements were limited because the parking structure on Third Street is full, noting he believed the traffic issue was one of the main criteria governing all building in the downtown. Mr. Zappetini reported he, Mrs. Roberts, and Mr. Sheridan, property owners who represent Phase I of the "B" Street project, have considered building an assisted care center on their site. He stated they had the interest of a national operator who would be willing to help them with the planning, and in moving foward with the project; however, with the Agency's agreement with Mr.Parker, they were a little reluctant to come forward and become involved in such a project. Mr. Za Metin) believed staff should have further discussions with Mr. Parker and determine whether he is aware that the values of the land have more than doubled, and whether his proforma will accept that, which Mr. Zappetini did not believe it would. Mr. Zappetini pointed out that Mr. Parker's project, being a Mixed-Use/Commercial and Residential mix, would create traffic and parking problems. He noted the project he and the other property owners were considering was an 80 -room assisted care center, which would only require fourteen parking spaces, and would be right in the downtown, near Kaiser Hospital, the transportation center and the park. Mr. Zappetini stated they planned to move forward with this project, and would like to see if the extension to the Exclusive Right to Negotiate Agreement with Monahan Parker could be shortened. Executive Director Rod Gould reported he had spoken with Mr. Zappetini earlier in the day, noting Mr. Zappetini had raised the question of the proposed assisted living facility on the project site several times in recent months. Mr. Gould stated he had reiterated what Agency staff had also told Mr. Zappetini, which is that he is free to bring in an application for that use at any time, and as long as it fits with the zoning and works with the traffic and parking, it would be considered as any other application would be. Mr. Gould noted he could not speak to Mr. Zappetini's assertion that property values have doubled in the past two years in that area, as he did not have those facts; however, Mr. Gould pointed out the Agency has had no indication from Monahan Parker that they are in any way disinterested in the project. Mr. Gould acknowledged, as staff has faithfully reported, that the project has lagged because the negotiations between Marriott and P.G.& E. have been more protracted than anyone had anticipated regarding the hotel and St. Vincent's projects, and staff has been putting most of their emphasis on that project. He noted that as those negotiations appear to be winding down, and may be resolved within the next week or two, staff hopes to be able to direct fresh energy toward the "B" Street redevelopment project. Mr. Gould noted the request now before the Agency Members was for a six-month extension, and staff felt that was reasonable, given the complexity of the project. He pointed out there had been other developer interest, and if Monahan Parker was not willing to move forward, other developers have stated they would be very interested in looking at the site; therefore, staff still believes there is a viable SRRA MINUTES (Regular) 6/5/2000 Page 2 SRRA MINUTES (Regular) 6/5/2000 Page 3 Mixed -Use project for that area. However, that did not preclude Mr. Zappetini, Ms. Roberts, or anyone else from bringing in an application to use it in a different way. Member Heller asked if Mr. Gould believed a six-month extension would, hopefully, be enough time for Marriott and P.G.& E. to come to some kind of final conclusion? Economic Development Director Nancy Mackle reported it was expected to be finalized within weeks, perhaps as soon as one week, noting they have one last issue with their Purchase and Sale Agreement. Mr. Gould stated staff could meet with Mr. Parker and Mr. Monahan and ask them if they have considered the increase in value of the site, and whether they wish to withdraw their proposal. However, he reiterated staff has had no indication that they have any intention of doing so. Member Phillips stated he was unclear as to the impact on Mr. Zappetini's project by the extension of this agreement, noting he did not see the relationship. Ms. Mackle stated this was a common concern which staff has heard from the property owners since the beginning of this project. She explained some owners have asked whether they should still go ahead and put a new roof on their building, or re -lease or redevelop their properties, because a developer was coming in and buying the properties. She stated staff has always told the property owners to do whatever it is they think they need to do, noting that if an owner were to lease his property, the Agency would have to buy out the lease when it buys the property, and if they need a new roof, that would increase the value of the property when the Agency purchases it. Ms. Mackle stated she did not want any of the owners to not do what they need to do, and then have the project take as long as it has. She noted they could proceed with any application or improvements, and the extension of the agreement would not hold them up. Chairman Boro explained Mr. Zappetini was stating the assisted care provider was somewhat hesitant to come forward with the potential of this operation still in existence, and asking if the Agency would remove it if it was not going to go forward. However, Chairman Boro noted Mr. Zappetini was being told this extension would not preclude him from coming forward with an application, if he wished to make one. Chairman Boro stated the Agency Members would expect that over the next six months this project will be driven to the end, one way or another, and staff will find out if Monahan Parker is coming forward, or if there is another alternative. He noted the Exclusive Right to Negotiate Agreement would not be extended again after this extension. Ms. Mackle stated that if there was another extension, staff would have more progress to show the Agency Members, and would have a good reason for such a request. Member Miller moved and Member Phillips seconded, to adopt the Resolution authorizing an amendment to the Exclusive Right to Negotiate Agreement with Monahan Parker, Inc. for the redevelopment of the "B" Street Project Area (for 6 months). RESOLUTION NO. 2000-16 - RESOLUTION AUTHORIZING AN AMENDMENT TO THE EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT WITH MONAHAN PARKER INC. FOR THE REDEVELOPMENT OF THE "B" STREET PROJECT AREA, TO EXTEND THE TERM OF THE AGREEMENT (to December 15, 2000). AYES: MEMBERS: Heller, Miller, Phillips & Chairman Boro NOES: MEMBERS: None ABSENT: MEMBERS: Cohen SRRA MINUTES (Regular) 6/5/2000 Page 3 SRRA MINUTES (Regular) 6/5/2000 Page 4 6. AGENCY MEMBER REPORTS: a. UPCOMING EVENTS - File R-181 x (SRCC) 251 x (SRCC) 11-22 Economic Development Director Nancy Mackle announced the weekly Mercado in the Canal will begin on Tuesday, June 6th; the Downtown Farmers' Market continues on Thursday evenings; and the Italian Street Painting Festival will be held the weekend of June 10th and 11th. There being no further business to come before the Redevelopment Agency, the meeting was adjourned at 7:55 PM. JEANNE(-M' Agency Secretary SRRA MINUTES (Regular) 6/5/2000 Page 4