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HomeMy WebLinkAboutRDA FINC'L ASST MAIN 11-18-91RDA N0. S - 11-18-91 Lot Inter-Coin ATE: NOVEMBER 18, 1991 ti's TO: WILLIAM A. HUSTON, EXECUTIVE DIRECTOR FROW COMMUNITY DEVELOPMENT DEPARTMENT SUBJECT: AGENCY FINANCIAL ASSISTANCE MAIN STREET PROPERTIES RECOMMENDATION Pleasure of the Agency. BACKGROUND Staff over the last several months has begun working on seismic rehabilitation with owners of the Lindquist building (Rutabegorz, Gary's Rack, and Conroy's), Zamora's Drapery, and the Knights of Columbus (Diocese of Orange) buildings (see Exhibit A). These share common masonry walls and it is more cost of f icient to address the buildings seismically as one unit. In conjunction with the seismic renovation of the buildings, Mr. Lindquist is taking the lead to coordinate improvements to these properties to also accomplish the following: 1. Redevelopment of the rear yards and private alley at the rear of the buildings to provide more exciting pedestrian access, and the potential for tenant spaces that can have dual entries or entries that face the rear.. It is desirable that this work include new paving, landscaping, and brick screenwalls. 2. Construction on the Lindquist building of a second floor and a possible second floor on the Zamora building. 3. Renovation of the Main Street facades of the Zamora and Knights of Columbus buildings to be more consistent with their original architecture. 4. Provision of more direct access from the Steven's Square parking structure to the businesses on Main Street. A pedestrian bridge from the second floor of the parking structure to the'adjacent Lindquist building with pedestrian access to the private alley is proposed. Mr. Lindquist has already opened up discussions on alterations to the structure with the Steven's Square Association on this matter. (See attached exhibits of preliminary sketches of proposed work). Redevelopment Agency Report Agency Financial Assistance Main Street Properties November 18, 1991 Page 2 In order to accomplish the above improvements, owners seem prepared to enter into an Owner Participation Agreement with the Redevelopment Agency and have transmitted a request for the following City and Agency assistance: 1. Provision of $5,000 Community Development Block Grants under the City's Commercial Rehabilitation Grant Program for each of three addresses in the Lindquist building to be used for seismic retrofit. Mr. Lindquist's application has already been determined eligible. Funding is available upon application to the Zamora's and Knights of Columbus. 2. A request for Agency assistance in assisting property owners in constructing a pedestrian connection from the parking structure to the rear of the subject project including assistance in constructing improvements to the existing private alley at the rear of the building. It is estimated that the cost of alley improvements would be approximately $7,000 and the bridge connection to be $5,000. As the Agency may recall, staff had previously suggested that any improvements to the structure be done by a private party. 3. Since additional parking will be required for the additional square footage intended to be added to the subject.property, a waiver of Mr. Lindquist's cost to lease spaces in the parking structure is being requested. With the recent Old Town Charette and R/UDAT strongly encouraging incentives which improve pedestrian orientation and activity in downtown, staff's initial assessment of the above proposal is that it would be a tremendous benefit to Old Town. The level requested assistance is relatively low given the provision of improved access to the parking structure. Approximately $200,000 in the Town Center 1991 bond -proceeds were structured into the Town Center Project's Financing Plan for commercial rehabilitation beginning in fiscal year 1991-1992. Should the Agency be receptive to the above requests, staff would be prepared to determine commitments to be required of those owners involved and to finalize parameters of any Agency assistance and to Redevelopment Agency Report Agency Financial Assistance Main Street Properties November 18, 1991 Page 3 format such into an Owner Participation Agreement for future action by the Agency. Christine A. Shin eton Assistant City Manager CAS:kbc\mainstrt.cas .HERYL KAZUE HAYASk ARCHITECT 4 November 1991 Ms. Christine Shingleton, Assistant City Manager and Director of City of Tustin Community Development 15222 Del Amo Avenue Tustin, California 92680. Re: The Lindquist Properties 140, 148 & 158 West Main Street Dear Christine, RECEIVED -- N OV 6 1991 COMMUNITY DEVLEOPMENT Thank you for meeting with us to discuss ways to assist Robert Lindquist with the improvement of his property. As you requested, this letter outlines the measures that we discussed and their estimated costs. We wish to accomplish the following items. a. The seismic rehabilitation of the Lindquist buildings (Rutabegorz, Gary's Rack, and Conroy's), as well as the adjacent properties - Zamora Drapery and the Knights of Columbus (Diocese of Orange). These share common masonry walls, and must be addressed seismically as one unit. (See enclosed plan.) b. The redevelopment of the rear yards of these buildings to provide more inviting pedestrian access, and the potential for tenant spaces that face these yards for their "front" entrances. This work will include new paving, landscaping, and brick screen walls. C. Provide direct access from the parking spaces owned by the City of Tustin on -the upper deck of the Stevens Square parking structure, to the businesses on Main Street. d. Renovation of the Main Street facades of the Zamora and Knights of Columbus buildings to be more consistant with their original architecture. In order to accomplish these improvements, we ask the following. a. $5000.00 Commercial Rehabilitation Program grants for each of the three addresses in the Lindquist buildings (140, 148 & 158 West Main). 25295 VISTA HERMOSA • EL TORO • CALIFORNIA • 92630 714/837-5703 ,HERYL KAZUE HAYAS. ARCHITECT b. Robert Lindquist will allow the Zamora and the Knights of Columbus buildings to share one seismic moment frame located on his property. This will save the Zamoras and K. of C. about $8000.00 each. In exchange, Robert Lindquist intends to ask that the Zamoras relinquish their easement on the Lindquist property, and that both the Zamoras and the K. of C. apply for Commercial Rehabilitation Grants to rennovate their Main Street facades and their rear yards. For this endeavor Mr. Lindquist will need the active support of the City. C. The city enter into a development agreement with Robert Lindquist to pay for the improvement of the above easement and the connection from the parking structure to the stair that will be built by Mr. Lindquist to serve his proposed second story addition. We estimate the cost of the easement improvements to be $7000.00, and the bridge connection to be $5000.00. d. Development agreements between the City and the Zamoras and the Diocese of Orange to improve portions of their rear yards in exchange for similar access easements. e. Removal of the City requirement to lease spaces in the parking structure needed to satisfy the city parking requirements. This reduction in Mr. Lindquist's operating cost will help him to obtain financing for this work. We appreciate your encouragement, Christine, in regards to what we feel will be an enhancement to this area of downtown Tustin. We depend on your help to encourage the cooperation of the Zamoras and the Diocese of Orange, and we need your assistance in preparing and processing the appropriate development agreement. If you agree with this course of action, please let us know how we may proceed. Sincerely, Sheryl K. Hayas 25295 VISTA HERMOSA • EL TORO - CALIFORNIA • 92630 714/837-5703 t om,l�v Fwt- pomovev • goo _o, ��.,.�, �,t: