HomeMy WebLinkAboutEMAIL FROM ICI DEVELOPMENT CO., INC. ITEM
EMAIL FROM ICI DEVELOPMENT CO., INC*
RECEIVED ON SEPTEMBER 2018
t
Tiscareno, Vera
From: Torn O'Meara <tomeara@icidevco.com
Sent: t
Tuesday+ September 25,, 2018 .1 Pf111
To: Binsack, Elizabeth;Willl om,Justina; Dem o ori , Erica; F eel stin, Scott;Ti eareno, Vera;
Craig,Jerry
Cc: M1 ke Abel mabel@lee-a so fates. om) 'Bruce He thcote'r Howard Abel; Robert Jarrard
Subject: RHASP Item
Hi Elizabeth:
Thank you for your time yesterday.An item we are still having-heart burn over is in the event of an insured building
casualty within the R ASP where more than o% of the building's replacement value is destroyed I cannot rebuild
the building in the same approximate location.I understand that the building will need to be rebuilt to current
construction code and per the development standards and architectural elements of the RASP.. owever,if a
casualty occurs and I'm required to be constructed per the RHASP design criteria then it will require me to relocate
the building up front, along Red Hill Avenue.
This requirement would put us in direct violation of our existing leases,,lender requirements,shopping center
rRs and creates undue legal and financial burdens. Could we look at a carve out in the 1 HASP whereby,in the
event of an insured building casualty,we can rebuild the'building at approximately the same location where it
currently sits: This is especially important to our ownership as we own a single tenant 26,000 SF building which we
will be re-tenanting in the next few years.If I cannot offer prospective tenants a concrete right to rebuild thea I will
not be able to find a tenant to occupy and invest in our building.
Could you please provide the Planning Commission a copy of this email tonight? Perhaps we can discuss at tonight's
meeting.
Regards,
Worn O'Meara
ICI Development Company, Inc.
2222 E Seventeenth Street
Santa Ana,CA 92705
P: (7114)541-10 X2o6 I : (949) 933-9ijL6
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