HomeMy WebLinkAboutRDA 00 AGENDA 09-21-98 AGENDA I~"
REGULAR MEETING Or ~'HE TUSTIN coMMUNITY RE ~¢ELOPMENT AGENCY
SEPTEMBER 21, 1998
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS (ITEMS I THROUGH 3;)
1. APPROVAL OF MINUTES- SEPTEMBER 8, 1998 REGULAR MEETING
Recommendation: Approve the Redevelopment Agency Minutes of September 8,
1998.
2. APPROVAL OF DEMANDS
3,
Recommendation: Approve Demands in the amount of $396,559.08.
PUBLIC HEARING: APPROVAL OF DISPOSITION AND DEVELOPMENT
AGREEMENTS FOR THE REDEVELOPMENT OF PROPERTY LOCATED IN THE
VICINITY OF SIXTH STREET AND EL CAMINO REAL
Agency approval is requested for two Disposition and Development Agreements
(DDA) for two adjacent sites to be redeveloped in the Town Center Project Area.
Recommendation by the Redevelopment Agency staff:
1. Open and close the Public Hearing.
.
Adopt the following Resolution Nos. RDA 98-6 and RDA 98-7 certifying the
Negative Declarations as adequate for both proposed Disposition and
Development Agreements:
RESOLUTION NO. RDA 98-6 - A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF TUSTIN, CALIFORNIA,
APPROVING THE NEGATIVE DECLARATION FOR THE DDA BETWEEN THE
TUSTIN COMMUNITY REDEVELOPMENT AGENCY, THE FORD FAMILY TRUST
AND DEBEIKES INVESTMENT COMPANY FOR THE PROPERTY LOCATED AT
715-765 EL CAMINO REAL
Agenda- Redevelopment Agency September 21, 1998 - Page 1
RESOLUTION '~. RDA 98-7 - A RESOLUTION -- THE TUSTIN COMMUNITY
REDEVELOPrv,_/,I' AGENCY OF THE CIT~ jJF TUSTIN, CALIFORNIA,
APPROVING. THE NEGATIVE DECLARATION FOR .THE DDA BETWEEN THE
TUSTIN COMMUNITY REDEVELOPMENT AGENCY AND WARMINGTON OLD
TOWN ASSOCIATES, L.P. FOR THE PROPERTY LOCATED AT 120-250 SIXTH
STREET
.
Subject to non-substantive modifications approved by the Executive Director
and AsencY Counsel, authorize the Executive Director to execute: (a) The DDA
between the Tustin Community Redevelopment A§ency and Warminston Old
Town Associates, L.P. for a new 38-unit single family residential development
project on the site located at 120-250 Sixth Street; and (b) The DDA between
the Tustin Community Redevelopment A§ency,. Ford Family Trust ("Owner"),
DeBeikes Investment Company ("Developer") and Warminston Homes
California ("Contractor") for rehabilitation of the commercial properties
located at 715-765 El Camino Real.
.
Appropriate $1,665,500 from the Housin§ Set-Aside Fund for the Town Center
Redevelopment Project for the development of affordable housing units and
$165,000 from the Town Center Redevelopment Project tax increment funds
for the rehabilitation of the commercial properties.
OTHER BUSINESS
CLOSED SESSION None
ADJOURNMENT The next regular meeting of the Redevelopment Agency is
scheduled for Monday, October 5, 1998, at 7:00 p.m. in the Council Chamber at 300
Centennial Way.
Agenda - Redevelopment Agency September 21, 1998 - Page 2