HomeMy WebLinkAboutSPJT Minutes 1991-05-20SRRA/SRCC MINUTES (Special 19int) 5/20/91 Page 1
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iii THE COUNCIL CHAMBERS OF THE CITY OF SAN RAFAEL, MONDAY, MAY 20, 1991, AT 7:30 P.M.
-pecial Joint Meeting: Present: Dorothy L. Breiner, Vice-Chairman/Vice-Mayor
ban Rafael Redevelopment Agency and Albert J. Boro, Member/Councilmember
San Rafael City Council Michael A. Shippey, Member/Councilmember
Joan Thayer, Member/Councilmember
Absent: Lawrence E. Mulryan, Chairman/Mayor
Also Present: Pamela J. Nicolai, Executive Director/City Manager
Gary T. Ragghianti, Agency Attorney/City Attorney
Jeanne M. Leoncini, Agency Secretary/City Clerk
SPECIAL JOINT PUBLIC HEARING TO CONSIDER AMENDMENTS TO PURCHASE AGREEMENT WITH LEE NOBMANN
FOR AGENCY OWNED PROPERTY LOCATED ON ANDERSEN DRIVE IN SAN RAFAEL (GOLDEN STATE LUMBER)
(RA) - File R-261 x R-254 x R-187 x R-217.x_(5RCC) 140
SAN RAFAEL REDEVELOPMENT AGENCY
1. A RESOLUTION OF THE SAN RAFAEL REDEVELOPMENT AGENCY APPROVING AMENDMENT OF THE PURCHASE
AGREEMENT WITH LEE NOBMANN
CITY COUNCIL
2. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL APPROVING AMENDMENT OF THE
PURCHASE AGREEMENT WITH LEE NOBMANN
Vice-Chairman/Vice-Mayor Breiner declared the Public Hearing opened.
Assistant Executive Director'(Redevelopment) Ours briefed the Agency/Council, stating
that in March of 1990 the Agency entered into an agreement with Mr. Lee Nobmann,
owner of Golden State Lumber -Company, for the purchase of Agency -owned property on
Andersen Drive. The Purchase Agreement called for Mr. Nobmann to purchase five acres
of Agency -owned property no later than April of 1993 for $2,435,000, in order to relocate
Golden State Lumber from West Francisco Boulevard to Andersen Drive. Mr. Ours informed
the Agency/Council that Mr. Nobmann has requested, and staff recommends, that the
Agreement be amended to allow for the purchase of the Andersen Drive property in the
next 30 to 60 days, with a Deed of Trust.
Mr. Ours explained that under the terms of the Agreement, as amended, the purchase
price would remain at $2,435,000, and would be paid as follows: $900,000 in cash
at the close of escrow and the balance in a note due and payable no later than May 31,
1993. Under the terms of the original Purchase Agreement, the entire purchase price
was to be paid in cash at the close of escrow; however, close of escrow could have
been delayed by the developer until April of 1993.
Member/Councilmember Shippey inquired as to the reason for Mr. Nobmann's request to
move up the date of purchase. Mr. Ours stated it is a question of cash flow.
Mr. Lee Nobmann, owner of Golden State Lumber, informed the Agency/Council that
because of the difficulty in getting financing, he was obliged to sell property in
Napa in order to finance the Andersen Drive property. He stated that the City moves
from a leasing position to holding a First Deed of Trust. He stated he is offering
10% instead of 9% interest. He noted that the City will also hold a Deed of Trust
on the improvements. He added that his offer to the City is recession related.
Member/Councilmember Boro inquired about the status of Toys -R -Us, and Mr. Nobmann
responded that he had flown back to New York to finalize the paperwork on Toys -R -Us,
and they are ready to go, probably within the next 30 to 60 days. He added that
since he was putting a metal building on leased land (Golden State Lumber) he could riot
get financing for that project.
There being no further public input, the Public Hearing was closed.
REDEVELOPMENT AGENCY
Member Thayer moved and Member Boro seconded, to adopt the Resolution approving amend-
ment of the Purchase Agreement with Lee Nobmann.
RESOLUTION NO. 91-12 - APPROVING AMENDMENT OF THE PURCHASE AGREEMENT WITH LEE NOBMANN
AYES: 14EMBERS: Boro, Shippey, Thayer & Vice -Chairman Breiner
NOES: MEMBERS: None
ABSENT: MEMBERS: Chairman Mulryan
SRRA/SRCC MINUTES (Special Joint) 5/20/91 Page 1
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SRRA/SRCC MINUTES (Special int) 5/20/91 Page 2
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CITY COUNCIL
Councilmember Shippey moved and Councilmember Boro seconded, to adopt the Resolution
approving amendment of the Purchase Agreement with Lee Nobmann.
RESOLUTION NO. 8399 - APPROVING AMENDMENT OF THE PURCHASE AGREEMENT WITH LEE NOBMANN
AYES: COUNCILMEMBERS: Boro, Shippey, Thayer & Vice -Mayor Breiner
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Mayor Mulryan
There being no further business, the meeting was adjourned.
40
A.
JEANN . LEONCINI, Ag ncy Secretary/
City Clerk
APPROVED THIS DAY OF
, 1991
DOROTHY L. BREINER, Vice -Chairman, San Rafael
Redevelopment Agency
Vice -Mayor of the City
of San Rafael