HomeMy WebLinkAboutRDA 00 AGENDA 09-03-96 AGENDA
REGULAR MEETING Or THE TUSTIN COMMUNITY REL,-~VELOPMENT AGENCY
SEPTEMBER 3, 1996
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS ( ITEMS I THROUGH 4)
1. APPROVAL OF MINUTES - AUGUST 19, 1996 REGULAR MEETING
Recommendation: Approve the Redevelopment Agency Minutes of August 19,
1996.
2. APPROVAL OF DEMANDS
Recommendation: Approve Demands in the amount of $79,436.21.
3. LAGUNA GARDENS DISPOSITION'AND DEVELOPMENT AGREEMENT
The proposed Disposition and Development Agreement would provide Agency
assistance for the acquisition, rehabilitation and conversion of the Laguna Gardens
apartment complex to 64 owner-occupied condominium units.
Recommendation by the Redevelopment Agency staff:
1. Adopt the following Resolution No. RDA 96-4 making a find.ing that the Laguna
Gardens project is of benefit to the Town Center Project Area:
RESOLUTION NO. RDA 96-4 - A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF TUSTIN, CALIFORNIA, FINDING
THAT THE USE OF TAXES ALLOCATED FROM THE TOWN CENTER PROJECT
AREA FOR THE PURPOSE OF REHABILITATING THE PROPERTY AT 1361 EL
CAMINO REAL AND CONVERTING THE APARTMENTS INTO OWNERSHIP
UNITS WILL BE OF BENEFIT TO THE PROJECT
2. Adopt the following Resolution No. RDA 96-3 certifying the Final Negative
Declaration for adoption of the Disposition. and.Development Agreement:
RESOLUTION NO. RDA 96-3 - A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF TUSTIN, CALIFORNIA,
CERTIFYING THE FINAL NEGATIVE DECLARATION AS ADEQUATE FOR THE
ADOPTION OF A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN
THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY AND LAGUNA
GARDENS ASSOCIATES, LLC., INCLUDING REQUIRED FINDINGS PURSUANT
TO THE CALIFORNIA ENVIRONMENTAL QUALITY'ACT
Redevelopment Agency Agenda 1 September 3, 1996
J
Approve the L,~,~osition and Development Agru~mnent by and between the
Tustin Community Redevelopment Agency and Laguna Gardens Associates,
LLC.
1
Appropriate $1,174,000 from the Town Center Redevelopment Project Area
Housing Set-Aside fund for Developer assistance for the subject project and
$ 500,000-for the Agency' s relocation obligation under California Redevelopment
Law.
4. FUNDING REQUEST FROM DOWNTOWN BUSINESS ASSOCIATION
A group of property and business owners in Old Town have requested funding to
assist in revitalization efforts for the Downtown Business District.
Recommendation: Pleasure of the Agency.
OTHER BUSINESS
CLOSED SESSION- None
ADJOURNMENT- The next regular meeting of the Redevelopment Agency is scheduled
for Monday, September 16, 1996, at 7:00 p.m. in the Council Chambers at 300 Centennial
Way.
Redevelopment Agency Agenda 2 September 3,. 1996