HomeMy WebLinkAboutRDA DRAIN IMPROV'S 07-16-90DATE:
TO:
FROM:
JULY 10, 1990
REDEVELOPMENT AGENCY NO. 7
7-16-90
Inter - Com
WILLIAM HUSTON, EXECUTIVE DIRECTOR
TUSTIN COMMUNITY REDEVELOPMENT AGENCY
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
SUBJECT: EDINGER AVENUE STORM DRAIN IMPROVEMENTS (PROJECT NO. 900026)
RECOMMENDATION:
That the Tustin Community Redevelopment Agency authorize the Tustin City
Council and City staff to administrate the contract and construction for
the construction of the Edinger Avenue storm drain improvements.
BACKGROUND:
The Tustin Community Redevelopment Agency Capital Improvement Budget for
1988-89 includes the construction of storm drain improvements between
Red Hill Avenue and Del Amo Avenue. All bid documents and contracts
have been prepared under City of Tustin documents in order not to
duplicate administrative efforts.
It is requested that the Tustin Community Redevelopment Agency authorize
the City of Tustin and its staff to advertise for bids, administrate the
construction contract and inspect all construction work for the project.
This assignment of work has been done on most past Redevelopment Agency
Capital Improvement Projects.
v�
Bob Ledendecker
Director of Public Works/City Engineer
DATE:
TO:
FROM:
SUBJECT:
JULY 16, 1990
REDEVELOPMENT AGENCY NO. 8
7-16-90
Inter - Com
WILLIAM A. HUSTON, EXECUTIVE DIRECTOR
CHRISTINE SHINGLETON, DIRECTOR OF COMMUNITY DEVELOPMENT
AGENCY NEGOTIATIONS - RED HILL CENTER
RECOMMENDATION
It is recommended that the Agency authorize staff to initiate
negotiation with the owner of the Red Hill Center regarding
possible agency financial assistance.
BACKGROUND
Staff have recently begun preliminary discussions with the property
- owner of the Red Hill Center located at 12932 Newport Avenue in the
vicinity of old Irvine Boulevard. The subject site currently
contains an older retail center which the property owner proposes
to significantly renovate. The subject site is approximately 23
acres in size and is located in the Town Center Redevelopment
Project Area (see Exhibit A).
The property owner has indicated a desire to enter into an Owner
Participation Agreement with the Redevelopment Agency. He has
submitted a request for agency assistance in financing off-site and
edge improvements along Newport Avenue and old Irvine Boulevard and
would like an indication from the Agency about its willingness to
negotiate and assist with improvements prior to preparing
definitive site and architectural plans for the project. Should
the Agency direction be to initiate negotiation with the owner,
staff would be prepared to determine commitments to be required of
the owner as well as to evaluate more detailed financial proforma
information to determine the level, if any, of Agency assistance
that may be justified and that the developer may need. Upon
submittal of a status report to the Agency including staff
recommendations of the parameters for any justified Agency
assistance to the project, an owner participation could be
prepared.
A very cursory analysis of costs and revenues to possibly justify
Agency contribution to the project has been completed and is
attached as Exhibit A. This would seem to indicate that possible
Agency assistance limited to a 5 - 7 year pay back, as in previous
Redevelopment Agency Report
Agency Negotiations - Red Hill Center
July 16, 1990
Page 2
Agency transactions, might limit potential assistance of the
project to between approximately $127,900 to $185,900.
Christine A. Shin eton
Director of Community Development
CAS:kbc
Attachments
cc: Rita Westfield
Dan Fox
Susan Tebo
Community Development Department
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