HomeMy WebLinkAboutRDA 00 AGENDA 09-08-98 AGENDA ~
REGULAR MEETING OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
SEPTEMBER 8, 1998
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS (ITEMS I THROUGH 2)
1. APPROVAL OF MINUTES- AUGUST 17, 1998 REGULAR MEETING
Recommendation: Approve the Redevelopment Agency Minutes of August 17,
1998.
2,
PUBLIC HEARING: APPROVAL OF DISPOSITION AND DEVELOPMENT
AGREEMENTS FOR THE REDEVELOPMENT OF PROPERTY LOCATED IN THE
VICINITY OF SIXTH STREET AND EL (:::AMINO 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
RESOLUTION NO. RDA 98-7 - A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY OF THE CITYOF 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
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Agenda - RedevelOpment Agency September 8, 1998 - Page 1
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Subject to no, .Dstantive modifications apprc A by the Executive Director
and Agency Counsel, authorize the Executive Director to execute: (a) The DDA
between the Tustin Community Redevelopment Agency and Warmington 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 Agency, Ford Family Trust ("Owner"),
DeBeikes Investment Company ("Developer") and Warmington Homes
California ("Contractor'') for rehabilitation of the commercial properties
located at 715-765 EI.Camino Real.
.
Appropriate $1,665,500 from the Housing 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, September 21, 1998, at 7:00 p.m. in the Council Chamber at
300 Centennial Way.
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Agenda - Redevelopment Agency September 8, 1998 - Page 2