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HomeMy Public PortalAboutA1990-12-18LRAj • r - R CEOVED CITY OF LYf NV00D CITY CLERKS OFFICE DEC 131990 AM PM 718191181ll112111213 k4l516 A G E N D A LYNWOOD REDEVELOPMENT AGENCY r / � December 18, 1990 REGULAR MEETING 7:30 P.M. . LYNWOOD CITY HALL, 11330 BULLIS ROAD ROBERT HENNING CHAIRMAN PAUL H. RICHARDS II LOUIS J. HEINE VICE CHAIRMAN MEMBER ARMANDO REA EVELYN WELLS MEMBER MEMBER EXECUTIVE DIRECTOR AGENCY COUNSEL CHARLES G. GOMEZ JAMES D. CLARK OPENING CEREMONIES: A. Call Meeting to Order. B. Roll Call. ( HENNING-TiEINE- REA- RICHARDS- WELLS) C. Certification of Agenda Posting by Secretary. PUBLIC; OItAT, COMMJJNTCn`T' (It�•�I,ii�lin�) A�l�;n�l:1 Il:inur (InIY) ITEM CONSIDERATION: I. MINUTES OF PREVIOUS MI':ETING Regular Meeting December 4, 1990 2. A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD, CALIFORNIA, ALLOWING AND APPROVING THE DEMANDS AND WARRANTS THEREFOR. LYNWOOD REDEVELOPMENT AGENCY 11330 BULLIS ROAD (213) 6030220 Robert Henning CHAIRMAN Paul Richards, VICE CHAIRMAN Louis J. Heine, MEMBER Armando Rea, MEMBER Evelyn Wells, MEMBER LYNWOOD, CALIFORNIA 90262 1 0 REGULAR ITEMS 3. ENTREPRENEURIAL DEVELOPMENT ACADEMY Comments: 0 To request Agency consideration and approval of the Entrepreneur Development Academy of California proposal and implementation plan for the establishment of the Entrepreneurial Development Academy of Lynwood. Recommendation: Staff respectfully requests that the Agency hear the presentation by Mr. Jess Arnold, president of Entrepreneur Development Academy of California and, upon consideration, approve the attached resolution entitled: "A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING IMPLEMENTATION OF THE ENTREPRENEUR DEVELOPMENT ACADEMY PROPOSAL" DISCUSSION ITEMS None CLOSED SESSION ITEMS 4. FREEDOM FORD Comments: Staff will report on the status of negotiations. AGENCY ORAL AND WRITTEN COMMUNICATION PUBLIC ORAL COMMUNICATION ADJOURNMENT: Motion to adjourn to a Regular Meeting of the Lynwood Redevelopment Agency to be held January 2, 1991, at 7:30 P.M. in the Council Chambers of City Hall, 11330 Bullis Road, Lynwood, California. f: \redevelp \agenda \Lra \Lracvr \sf K REGULAR MEETING DECEMBER 4, 1990 The Redevelopment Agency of the City of Lynwood met in a regular session in the City Hall, 11330 Bullis Road on the above date. Chairman Henning in the chair. Members,Heine, Rea, Richards, Wells, Henning, answered the roll call. Also present were Executive Director Gomez, General Counsel Barbosa, Secretary Hooper and Treasurer Wright. Secretary announced the agenda had been duly posted in accordance with The Brown Act. PUBLIC ORAL COMMUNICATIONS: Hearing no response, public oral communications was closed. ITEMS FOR CONSIDERATION: It was moved by Mr. Rea, seconded by Mr. Heine and carried, to approve minutes of Regular Meeting November 20, 1990. LRA RESOLUTION NO. 90 -56 entitled: "A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD, CALIFORNIA, ALLOWING AND APPROVING THE DEMANDS AND WARRANTS THEREFOR." was presented. It was moved by Mrs. Wells, seconded by Mr. Rea to adopt the resolution. ROLL CALL: AYES: MEMBERS HEINE, REA, RICHARDS, WELLS, HENNING NOES: NONE ABSENT: NONE LRA RESOLUTION NO. 90 -57 entitled: "A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY ( "THE AGENCY'') APPROVING THE ACQUISITION OF REAL PROPERTY KNOWN AS 11228 LONG BEACH BOULEVARD." was presented. It was moved by Mrs. Wells, seconded by Mr. Rea to adopt the resolution. ROLL CALL: AYES: MEMBERS HEINE, REA, RICHARDS, WELLS, HENNING NOES: NONE ABSENT: NONE It was moved by Mr. Richards, seconded by Mrs Wells to hear item 4- Completion of Hopkins Development in Lynwood Towne Center; and item 5- Approving acquisition of real property located at 11700, 11750, and 11754 Alameda; in Closed Session. ROLL CALL: AYES: MEMBERS HEINE, REA, RICHARDS, WELLS, HENNING NOES: NONE ABSENT: NONE It was moved by Mr. Richards, seconded by Mr. Heine to recess to the City Council meeting Closed Session. 0 6 Chairman Henning reconvened the Redevelopment Agency meeting. General Counsel Barbosa stated the Agency met in regards to: a. Lynwood Towne Center, Hopkins Development - Agency considered the proposal, action needed. It moved by Mrs. wells, seconded by Mr. Heine to deny the proposal from Hopkins Development, Lynwood Towne Center. ROLL CALL: AYES: NOES: ABSENT MEMBERS HEINE, REA, RICHARDS, WELLS, HENNING NONE NONE b. Acquisition of real property located at 11700, 11750, and 11754 Alameda; these are on -going property negotiations, no need for action. There was no further business and it was moved by Mrs. Wells, seconded by Mr. Rea to adjourn. ROLL CALL: AYES: MEMBERS HEINE, REA, RICHARDS, WELLS, HENNING NOES: NONE ABSENT: NONE Chairman APPROVED Secretary \I v RESOLUTION NO LRA Section 2. That the Agency Secretary shall certify to the adoption of the resolution and shall deliver a certified copy to the Agency Treasure and shall retain a copy thereof for the record. PASSED, APPROVED AND ADOPTED THE day of 1990 ATTEST ANDREA L- HOOPER SECRETARY ROBERT HENNING CHAIRMAN, Lynwood Redevelopment Agency A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD LYNWOOD, CALIFORNIA ALLOWING AND APPROVING THE DEMANDS AND ORDERING � WARRANTS THEREFOR �.. - The Redevelopment Agency of the City of Lyi,wood does hereby resolve as follows Q Section 1. That the demands presented, having been regularly audited, are hereby allowed and approved, and that warrants ordered drawn therefor by the Agency Treasure to the payee and in the amounts indicated WARRANT# /DATE PAYEE DESC AMOUNT AREA A ALAMEDA 280 12 -18 - 90 FRANK SANDERS FINAL PYMT /SANDERS PROP 14,491.57 14,491 -57 0.00 281 12 -18 -90 SECURITY PACIFIC NAT BANK TAX INC TRANS /F.AGT 61,027.69 61,027 -89 0.00 3142 12 -18 -90 LYNWOOD REDEVELOPMENT AGENCY FUND TRANS /SANDERS PROP 14,491.57 14,491 57 O 00 3143 12 -I6 - 90 WILLDAN ASSOCIATES PROFESSIONAL SVCS. 44,734.82 31,314 37 13,420 45 3144 12 -18 - 90 SPOILED CHECK SPOILED CHECK 0.00 3145 12 -18 -90 ASBESTOS CLEAN -UP ASBESTOS REMOVAL- SANBORN 6,500.00 6,500 00 O 00 3146 12 -16 - 90 CLARK 80ARDMAN CO., LTD PUBL -LAND USE &ENV LAW 84.45 42.23 42 2_ 3147 12 -18 -90 LYNWOOD REDEVELOPMENT AGENCY CIP EXPENDITURES -10/90 81,159.23 81,159 -23 0 00 3147 12 -18 -90 LYNWOOD REDEVELOPMENT AGENCY ADMIN OVERHEAD- IST.GTR 7,259 60 6,826 14 433 46 - 3147 12 -I8 - 90 LYNWOOD REDEVELOPMENT AGENCY SAL.& BENEFITS -7/1 -9/30 23,395.61 15,761.99 7,633.62 3148 12 -18 -90 MORELAND AND ASSOCIATES AUDIT FEES 89/90 1,661.78 830 89 830 89 3148 12 -1B -90 MORELAND AND ASSOCIATES ACCTG ASSIST /11 -90 936.72 468.36 468 36 3149 12 -18 -90 MR. FAX OPERATING SUPPLIES 84 45 42 23 42 22 3150 12 -18 -90 SECRETARY COFFEE SERVICE OPERATING SUPPLIES 62.00 31.00 31 00 3151 12 -18 - 90 THE LYNWOOD WAVE PUSL FOR GEN /PLAN 2,000 -00 11000 00 11000 00 3152 12 -18 - 90 TIMELY TEMPORARY TEMPORARY SVCS 580.00 290 00 290 00 <* TOTAL 258,469 69 234,277 47 24,192 22 Section 2. That the Agency Secretary shall certify to the adoption of the resolution and shall deliver a certified copy to the Agency Treasure and shall retain a copy thereof for the record. PASSED, APPROVED AND ADOPTED THE day of 1990 ATTEST ANDREA L- HOOPER SECRETARY ROBERT HENNING CHAIRMAN, Lynwood Redevelopment Agency • s DATE: December 18, 1990 TO: HONORABLE CHAIRPERSON AND MEMBERS OF TH AGENCY FROM: Kenrick R. Karefa- Johnson, Directo Community Development Department SUBJECT: ENTREPRENEURIAL DEVELOPMENT ACADEMY Purpose: To request Agency consideration and approval of the Entrepreneur Development Academy of California proposal and implementation plan for the establishment of the Entrepreneurial Development Academy of Lynwood. Facts- 1. On November 1, 1990, consideration of this item was agendized, but continued, in order to give the proponent ample opportunity to prepare a comprehensive proposal. 2. On December 14, 1990, the proponent submitted a comprehensive proposal with appendix to staff. 3. For several years, the Agency has contemplated the creation of an entity in the Alameda Redevelopment Project Area which would foster the development of new business. 4. In the Agency's Fiscal Year 1990 -91 Budget, $1,500,000.00 has been allocated under Fund 24 -5121 for an Entrepreneur Development Academy. Analysis: The proposal represents a unique vehicle to foster business development in the City of Lynwood, and is therefore definitely consistent with the Agency's objective for economic development as set forth in the Economic Development Element of the City's General Plan, The Entrepreneur Development Academy of California ("EDAC") seeks to prepare local and regional entrepreneurs to capture a substantial part of public and private business opportunities. These opportunities represent billions of dollars and are to be found in projects which include, but are not limited to: • Century Freeway Lightrail Project, • Consolidated Transportation Corridor Project, • Enterprise Zone Designation, and others As such, a fundamental concern of the Academy is to connect businesses with business opportunities. The goals of the Academy are 1) to foster business development within the City; 2) to increase employment opportunities for Lynwood residents; 3) to increase youth understanding and awareness of business, and encourage participation therein; 4) to improve the success of Lynwood small business ventures; and 5) to expand business opportunities with public and private entities for Lynwood -based enterprises. The general operating framework is diagram, Attachment 1. It shows training, business support and businesses. described in the accompanying that the Academy will provide technical assistance to ita AGENDAITEM 3 The start -up pl for the Entrepreneurial ademy of Lynwood consist of three m jor elements: 1. A lease option plan financed by the Agency. 2. A line of credit for the purpose of acquiring furnishings, fixtures and equipment. 3. Service Agreement between Entrepreneur Development Academy of California and the Lynwood Redevelopment Agency. It is staff's opinion that the benefits to the community as identified in the proposal, namely, jobs and skills development, expansion of business activities, and the impact of elimination of blight are very real. Moreover, in order to minimize the element of risk that is an inevitable aspect of any business venture, the Agency shall diligently endeavor to expend every effort as to structure the Entrepreneurial Capital development project in such a manner as to yield maximum latitude to the Agency on the exercise of control over the tangible fixed inventory and intangible assets of the Academy. This shall afford the Agency with the ability to secure its capital investments by means of collaterized leverage, in the event of extenuating circumstances of liquidation. The Agency may lease buildings from Economic Resources Corporation (ERC) and finance adoptive rehabilitation of structures, if needed. A program for commercial rehabilitation may be explored to finance the latter. Agency may sub -lease the structures to Entrepreneur Development Academy of California. With regards to line of credit the Agency may provide such credit for the purchase of furniture, fixtures and equipment under condition that the materials be purchased locally, where possible. With regards to the service agreement, the City of Lynwood and the Agency will contract with Entrepreneurial Development Academy of Lynwood for needed goods and services. Further exposition is needed regarding the following items, and an explanation of what is meant by full operational status. Identification of the businesses who have agreed to be a part of the Academy's operation. - Delineation of the plans by which "leakage of jobs and revenues are to be minimized" for the community. - A projected estimate of the dollar amount of the line of credit. Staff had the opportunity to meet with the proponents and to be exposed to existing operations similar to several components of the economic development concept. Those operations are within the Rockwell complex in Downey. Staff was highly impressed with the proponents achievements with the Rockwell company and believes that the concept can be transferred to meet the City of Lynwood's needs in the area of economic development. Recommendation: Staff respectfully requests that the Agency hear the presentation by Mr. Jess Arnold, president of Entrepreneur Development Academy of California and, upon consideration, approve the attached resolution entitled: "A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING IMPLEMENTATION OF THE ENTREPRENEUR DEVELOPMENT ACADEMY PROPOSAL" Ira \18 \entrpnr \110290 \sf The start -up pla•for the Entrepreneurial�ademy of Lynwood consist of three mdjor elements: 1. A lease option plan financed by the Agency. .r 2. A line of credit for the purpose of the acquisition of acquiring furnishings, fixtures and equipment. 3. Service Agreement between Entrepreneur Development Academy of California and the Lynwood Redevelopment Agency. It is staff's opinion that the benefits to the community as identified in the proposal, namely, jobs and skills development, expansion of business activities, and the impact elimination of blight are very real. Moreover, in order to minimize the element of risk that is an inevitable aspect of any business venture, the Agency shall diligently endeavor to expend every effort as to structure the Entrepreneurial Capital development project in such a manner as to yield maximum latitude to the Agency on the exercise of control over the tangible fixed inventory and intangible assets of the Academy. This shall afford the Agency with the ability to secure its capital investments by means of collaterized leverage, in the event of extenuating circumstances of liquidation. The Agency may lease buildings from Economic Resources Corporation (ERC) and finance adoptive rehabilitation of structures, if needed. A program for commercial rehabilitation may be explored to finance the latter. Agency may sub -lease the structures to Entrepreneur Development Academy of California. With regards to line of credit the Agency may provide such credit for the purchase of furniture, fixtures and equipment under condition that the materials be purchased locally, where possible. With regards to the service agreement, the City of Lynwood and the Agency will contract with Entrepreneurial Development Academy of Lynwood for needed goods and services. Further exposition is needed regarding the following items, and an explanation of what is meant by full operational status. - Identification of the businesses who have agreed to be a part of the Academy's operation. - Delineation of the plans by which "leakage of jobs and revenues are to be minimized" for the community. - A projected estimate of the dollar amount of the line of credit. Staff had the opportunity to meet with the proponents and to be exposed to existing operations similar to several components of the economic development concept. Those operations are within the Rockwell complex in Downey. Staff was highly impressed with the proponents achievements with the Rockwell company and believes that the concept can be transferred to meet the City of Lynwood's needs in the area of economic development. Recommendation: Staff respectfully requests that the Agency hear the presentation by Mr. Jess Arnold, president of Entrepreneur Development Academy of California and, up ,n e approve the attaehod resolution entitled: "A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING IMPLEMENTATION OF THE ENTREPRENEUR DEVELOPMENT ACADEMY PROPOSAL" 1ra \18 \entrpnr \110290 \sf �I 0 IRA RESOLUTION 90- A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING IMPLEMENTATION OF THE ENTREPRENEUR DEVELOPMENT ACADEMY PROPOSAL WHEREAS, the Lynwood Redevelopment Agency of the City of Lynwood, California (herein after referred to as the "Agency"), under the provision of California Community Redevelopment Law, is engaged in activities necessary for the progress, development and growth of the City of Lynwood; and WHEREAS, for several years, the Agency has contemplated the creation of an entity in the Alameda Corridor to faster the cultivation and development of new businesses; and WHEREAS, the Agency recognizes the need for community based firms to take advantage of the tremendous investments to be made in new development taking place in and around Lynwood, and particularly in the Alameda Industrial Transportation Corridor; and WHEREAS, the Agency recognizes that small businesses can be developed to satisfy the local and regional demands for various goods and services flowing from said future developments; and WHEREAS, the Agency understands that the Department of Commerce business statistics reveal that most new jobs are generated by small businesses; and WHEREAS, an Entrepreneur Development Academy offers , a unique opportunity for business development, job creation and revenue enhancement for the Alameda Project Area, in particular, and the City of Lynwood at large; and WHEREAS, in anticipation of such a business development enterprise, the Agency has set aside funds in the Fiscal Year 1990 -91 Budget, Account 24 -5121, in the amount of $1,500,000.00; and WHEREAS, the development of a new generation of entrepreneurial activities shall expand the local tax revenue base; NOW, THEREFORE, the Lynwood Redevelopment Agency does hereby find, determine, order and resolve as follows: Section 1: That the Lynwood Redevelopment Agency hereby approves the plan of iny>I-vnentation and proposal submitted by the Entrepreneur Development. Academy as submitted to the Agency on December 13, 1990. 0 Section 2: That the Executive Director is hereby directed to finalize the details of implementation in accordance with the Memorandum of Agreement and Plan of Implementation as outlined in the Agreements Section of the Proposal. Section 3: The Agency's secretary shall certify the adoption of this Resolution. APPROVED and ADOPTED by the members of the Lynwood Redevelopment Agency this 18th. day of December, 1990. ATTEST: Andrea L. Hooper, Secretary APPROVED AS TO FORM: Agency Legal Counsel lra \18 \entrepr1 \110290 \sf ROBERT HENNING, CHAIRMAN APPROVED AS TO CONTENT: Kenrick R. Karefa- Johnson Community Development Director ..rw _.