HomeMy Public PortalAboutA1990-12-04LRAA
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LYNWOOD REDEVELOPMENT AGENCY
11330 BULLIS ROAD
Robert Henning CHAIRMAN
Paul Richards, VICE CHAIRMAN
Louis J. Heine, MEMBER
Armando Rea, MEMBER
Evelyn Wells, MEMBER
LYNWOOD, CALIFORNIA 90262 (213) 603-0220
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CITY OF LYNWOOD
CITY CLER 'S
NOV 'Z 0 1990
AM PM
7i8191�2�• ilk' l/
REGULAR MEETING
7:30 P.M.
LYNWOOD CITY HALL, 11330 BULLIS ROAD
ROBERT HENNING
CHAIRMAN
A G E N D A
LYNWOOD REDEVELOPMENT AGENC�
December 4, 1990
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 REA- RICHARDS- WELLS)
C. Certification of Agenda Posting by Secretary.
PUBLIC ORAL COMMUNICATIONS
(Regarding Agenda Items Only)
ITEMS FOR CONSIDERATION•
1. MINUTES OF PREVIOUS MEETING
Regular Meeting November 20, 1990
2. A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LYNWOOD, CALIFORNIA, ALLOWING AND APPROVING THE DEMANDS AND
WARRANTS THEREFOR.
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REGULAR ITEMS
3. ACQUISITION OF REAL PROPERTY LOCATED AT 11228 LONG BEACH
BOULEVARD
Comments
Staff requests Agency to approve a resolution acquiring the
real property located at 11228 Long Beach Boulevard for the
purpose of providing public parking.
Recommendation:
It is requested that, upon review and approval of Legal
Counsel, the Agency adopt the attached resolution approving
the acquisition of the above - referenced property.
4. COMPLETION OF THE HOPKINS DEVELOPMENT IN THE LYNWOOD TOWNE
CENTER.
Comments
To request that the Agency hear a presentation of the
position of the Hopkins Development Company as it relates to
the build out of Pads " A " and "B" in the Lynwood Towne Center
Site.
Recommendation:
It is requested that the Agency direct staff to pursue
discussion and conduct analysis, and bring back to the Agency
an optimal scenario.
5. RESOLUTION APPROVING THE ACQUISITION OF REAL PROPERTY LOCATED
AT 11700, 11750 AND 11754 ALAMEDA
Comments
In October, 1990, the Agency approved a Memorandum of
Understanding between the Lynwood Redevelopment Agency and
Ralph Horowitz, the proprietor, for the acquisition of the
above - mentioned site for the relocation of the City Corporate
Yard.
Recommendation:
Staff respectfully requests that the Agency approve the
subject transaction and direct the Chairman to execute the
attached Acquisition Agreement.
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DISCUSSION ITEMS
None
CLOSED SESSION ITEMS
None
AGENCY ORAL AND WRITTEN COMMUNICATION
PUBLIC ORAL COMMUNICATION
ADJOURNMENT:
Motion to adjourn to a Regular Meeting of the Lynwood
Redevelopment Agency to be held December 18, 1990, at 7:30 p.m.
in the Council Chambers of City Hall, 11330 Bullis Road, Lynwood,
California.
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REGULAR MEETING NOVEMBER 20, 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 at 7:41 p.m.
Chairman Henning in the chair.
Members Heine, rEa, Wells, Henning, answered the roll call.
Member Richards was absent.
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.
It was moved by Mrs. Wells, seconded by Mr. Rea to excuse
Mr. Richards.
PUBLIC ORAL COMMUNICATIONS: AGENDA ITEMS ONLY:
Hearing no response, public oral communicaitons was closed.
ITEMS FOR CONSIDERATION:
..It was moved by Mrs. Wells, seconded by Mr. Rea and carried, to
approve minutes of Regular Meeting November 6, 1990.
LRA RESOLUTION NO. 90 -55 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 Mr. Heine, seconded by Mr. Rea to adopt the
resolution.
ROLL CALL:
AYES: MEMBERS HEINE, REA, WELLS, HENNING
NOES: NONE
ABSENT: MEMBER RICHARDS
It was agreed by General Consent, to continue item, Entrepreneu-
rial Development Academy.
There was no further business and it was moved by Mr. Heine,
seconded by Mr. Rea to adjourn.
ROLL CALL:
AYES: MEMBERS HEINE, REA, WELLS, HENNING
NOES: NONE
ABSENT: MEMBER RICHARDS
Chairman
APPROVED
Secretary
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RESOLUTION NO. LRA
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A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD
LYNWOOD, CALIFORNIA ALLOWING AND APPROVING THE DEMANDS AND ORDERING
WARRANTS THEREFOR
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The Redevelopment Agency of the City of Lynwood does hereby resolve as follows:
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
___ __ __ ______
3131
12 -04 -90
HEINE, LOUIS
BOARD
MTG
11/6111/20
60.00
30
00
30.00
3132
12 -04 -90
HENNING, ROBERT
BOARD
MTG
11/6+11/20
60.00
30.00
30.00
3133
12 -04 -90
REA, ARMANDO
BOARD
MTG
11/6;11/20
60.00
30.00
30.00
3134
12 -04 -90
RICHARDS, PAUL
BOARD
MTG
11/6;
30.00
15.00
15
00
3135
12 -04 -90
WELLS, EVELYN
BOARD
MTG
11/6;11/20
60.00
30.00
30.00
3137
12-04 -90
EXPRESS MESSENGER
COURIER SERVICES 10/90
81.51
40.76
40.75
3138
12 -04 -90
HOOPER, ANDREA L.
BOARD
MTO
11/6;11/20
50.00
25.00
25
00
3139
12 -04 -90
SECRETARY COFFEE SERVICE
OPERATING
SUPPLIES
53.34
26.67
26
67
3140
12 -04 -90
TIMELY TEMPORARY
TEMP.
HELP
10/29 -11/11
536.50
268.25
268.25
3141
12 -04 -90
WRIGHT, MARY L.
BOARD
MTG
11/6/90
25.00
12.50
12.50
&& TOTAL
1,016.35
508.18
308.17
............ .............
......... ....
Section 2. That the Agency Secretary shall certify to the adoption of the resolution and shall
deliver,& certified copy to the Agency Treasure and shall retain a copy thereof for the record.
ATTEST:
PASSED, APPROVED AND ADOPTED THE
day of
1990
ANDREA L. HOOPER
SECRETARY
ROBERT HENNING
CHAIRMAN, Lynwood Redevelopment Agency
i •
DATE: December 4, 1990
TO: HONORABLE CHAIRPERSON AND MEMBERS OF THE AGENCY
FROM: Kenrick R. Karefa- Johnson, Director
Community Development Director 41
SUBJECT: ACQUISITION OF REAL PROPERTY LOCATED AT 11228 LONG BEACH
BOULEVARD
Purpose:
Staff requests the Agency to approve a resolution acquiring the
real property located at 11228 Long Beach Boulevard for the
purpose of providing public parking.
Facts:
1. Staff is acting upon the request of the Agency to locate and
acquire land that can be utilized to address the deficient
parking situation as it exists along the Long Beach Boulevard
corridor, between the I -105 freeway and Imperial Highway.
2. Staff has located a site that can be used for parking. The
subject site is located on the northeast corner of Long Beach
Boulevard and Sanborn Avenue and is made up of 4,751.62
square feet (See attached map). The subject property is
currently developed with a wood frame single story occupied
residence (legal non - conforming use) of approximately500 sq.
ft.
3. On November 19, 1990, staff met with Oliver Conner, the agent
of Pyramid Properties, who was representing James Billings
(seller).
4. Staff has made an offer of $25,000 to the agent, which is
subject to the Agency's approval.
5. On November 21, 1990, the seller fired the agent and staff
was in'contact with Michael Raisin, the new agent.
6. Staff scheduled a meeting with Mike Raisin on Thursday,
November 29, 1990, to further discuss negotiations.
7. The asking price for the real property at 11228 Long Beach
Boulevard is $125,000, based on the square footage of
4,751.62. The asking price is $26.30 per square foot.
Analysis and Conclusion:
Agency control of the subject property will further the
redevelopment potential of Project Area " A" on the west side of
Long Beach Boulevard between Imperial Highway and Fernwood. The
site can be utilized to provide badly needed public parking.
Recommendation:
It is requested that, upon review and approval of Legal Counsel,
the Agency adopt the attached resolution approving the
acquisition of the above - referenced property.
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AOENrA ITEA1
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LRA RESOLUTION NO. 90-
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY
( "THE AGENCY ") APPROVING THE ACQUISITION OF REAL PROPERTY
KNOWN AS 11228 LONG BEACH BOULEVARD
WHEREAS, James Billings is the owner of certain real
property located within a redevelopment project area in the City
of Lynwood; and
WHEREAS, the Agency directed staff to pursue negotiations
for the acquisition of the property at 11228 Long Beach Boulevard
for the purpose of public parking; and
WHEREAS, the Agency deems it necessary to acquire the
subject property to expand on the supply of available.parking;
and
WHEREAS, the acquisition of the subject property is in
furtherance of the implementation of the Redevelopment Plan,
NOW, THEREFORE, the Lynwood Redevelopment Agency does
resolve as follows:
Section 1. The Agency directs staff to pursue negotiations
and acquire the property.
Section 2. The Agency approves the acquisition, directs and
authorizes the Chairman to execute for the acquisition of the
subject property upon review by Legal Counsel.
Section 3. This resolution shall go into effect immediately
upon its adoption.
APPROVED AND ADOPTED by the Lynwood Redevelopment Agency
this 4th. day of December, 1990.
ATTEST:
Andrea L. Hooper, Secretary
APPROVED AS TO FORM:
Agency Legal Counsel
0
ROBERT HENNING, CHAIRMAN
APPROVED AS TO CONTENT:
Kenrick R. Karefa- Johnson
Community Development Director
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FOR PREV. ASSM SEE: 863 - 330
DATE: DecemIS 4, 1990
TO: HONORABLE CHAIRMAN AND MEMBERS OF THE AGENCY
FROM: Kenrick R. Karefa- Johnson, Director
Community Development Department
SUBJECT: COMPLETION OF THE HOPKINS DEVELOPMENT IN THE LYNWOOD
TOWNE CENTER
Purpose:
To request that the Agency hear a presentation of the position of
the Hopkins Development Company as it relates to the build out of
Pads " A " and "B" in the Lynwood Towne Center site.
Facts:
1. In February, 1986, the Agency entered into a Disposition and
Development Agreement (D.D.A.) with Lynwood Associates
(Hopkins Development Company) to develop the first phase of
the Lynwood Towne Center.
2. Paragraph 702 of the D.D.A. provides for the Developer to
develop, and cause to be opened on the site, a "conforming
restaurant facility" by the second anniversary of subject
Agreement.
3. In a letter to the Agency dated July 9, 1987, Stephen C.
Hopkins requested that the Agency grant Lynwood Associates
the ability to complete the Towne Center with other uses
because of Hopkins's inability to acquire a conforming
restaurant facility to locate on Pad "B ".
4. Lynwood Associates has recently reiterated its wish to
proceed with the total build out of Pads " A " and Pad "B ",
because of the developers need of the economic return
provided by Pads " A" and "B ".
5. Hopkins Development Company is now proposing to the Agency a
35 year ground lease of Pad "B" at an annual rent of $30,000,
or $2,500 payable monthly. In exchange, Hopkins Development
Company wishes to be afforded the opportunity by the Agency
to purchase Pad "A" for the price of $50,000.00. .
Analysis and Conclusion;
It is staff's opinion that the build out of Pads " A " and "B"
would benefit the Agency through increased tax increment, sales
tax and blight elimination. However, the terms under which the
completion of the project should take place need to be further
negotiated. It appears reasonable to allow the development of
Pad "B" for retail uses other than a restaurant or the prohibited
uses as formulated in the D.D.A., because the efforts of Hopkins,
as well as staff's efforts to attract a restaurant facility, have
not been successful so far.
With regards to the sale of Pad "A ", staff is of the opinion that
if the Agency would consider such sale, the Developer must pay at
least market value for that land. The proposed purchase price of
$50,000 represents $2.29 per sq. ft. Staff believes that the
market value of that 21,800 sq. ft. parcel is much higher. It is
therefore appropriate that staff be given the opportunity to
review and analyze which alternative scenario would be of optimal
benefit to the Agency.
Recommendation:
It is requested that the Agency direct staff to pursue discussion
and conduct analysis, and bring back to the Agency an optimal
scenario.
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AGENDA ITEM
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DATE: November 29, 1990
TO: HONORABLE CHAIRMAN AND MEMBERS OF THE AG Y
FROM: Kenrick R. Karefa- Johnson, Director
Community Development Department
SUBJECT: RESOLUTION APPROVING THE ACQUISITION A PROPERTY LOCATED
AT 11700, 11750 AND 11754 ALAMEDA
Purpose:
In October, 1990, the Agency approved a Memorandum of
Understanding between the Lynwood Redevelopment Agency and Ralph
Horowitz, the proprietor, for the. acquisition of the
above - mentioned site for the relocation of the City Corporate
Yard.
Background:
On July 17, 1990, the members of the Agency approved the sale and
conveyance of an Agency -owned property to Davina, Inc., by means
of a Disposition and Development Agreement (D.D.A.). As an
element of the D.D.A., the subject property is to be utilized for
the development of a hotel complex to be known by the trademark
of Travelodge. Owing to the said conveyance, an alternative site
had to be located for the purpose of housing the City Corporate
Yard displaced by the said sales transaction.
Facts in Brief:
Staff has concluded negotiations with Mr. Horowitz to purchase
the said property at the nominal price of $1,365,000.00.
- The said transaction has been structured in such a manner so
that the transaction shall be financed in its entirety
precluding the need to advance any down payment by the Agency
- A final approval by the Agency is needed at this time in order
to execute the said transaction.
Recommendation:
Staff respectfully requests that the Agency approve the subject
transaction and direct the Chairman to execute the attached
Acquisition Agreement.
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AGF,NDA ITFB.i
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A
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LRA RESOLUTION NO. 90-
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY
( "THE AGENCY ") APPROVING THE ACQUISITION OF REAL
PROPERTY LOCATED AT 11700, 11750 AND 11754 ALAMEDA
STREET
WHEREAS, Mr. Ralph Horowitz is the owner of certain real
property located within . a redevelopment project area in the City
of Lynwood; and
WHEREAS, the Agency directed staff to pursue negotiations
for the acquisition of the above - mentioned property for the
purpose of relocation of the City Corporate Yard; and
WHEREAS, the Agency has negotiated the independently
appraised market price of the said property from $2,350,000.00
down to $1,365,000.00; and
WHEREAS, the entire purchase price shall be financed, thus
dispensing the need to use any of the Agency's financial
resources as down payment;
NOW THEREFORE, the Lynwood Redevelopment Agency does resolve as
follows:
Section 1. The Agency approves the acquisition, directs and
authorizes the Chairman to execute all pertinent documents for
the acquisition of the subject.
Section 2. This resolution shall go into effect immediately upon
it's adoption.
APPROVED AND ADOPTED by the Lynwood Redevelopment Agency this 4th
day of December 1990.
ATTEST:
Andrea L. Hooper, Secretary
APPROVED AS TO FORM:
ty Attorney.
ROBERT HENNING, CHAIRMAN
APPROVED AS TO CONTENT:
Kenrick R. Karefa- Johnson
Community Development Director
Alfretta Earnest,
Director of Finance
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FIRST AMENDMENT TO MEMORANDUM OF UNDERSTANDING
THIS FIRST AMENDMENT to Memorandum of Understanding is dated
for reference purposes this 19th day of September, 1990, and is
entered into between the City of Lynwood ( "Buyer "), and Ralph
Horowitz, Trustee of the Horowitz Family Trust, u.d.t.
December 1, 1986, as restated ( "Seller "), with reference to the
following facts:
A. Pursuant to the Memorandum of Understanding, Seller has
Agreed to sell and Buyer has agreed to buy that certain real
property in the City of Lynwood, County of Los Angeles, State of
California, consisting of approximately three (3) acres and
erroneously described as parcel numbers 6169 - 012 -007, 010, and
011, in the Memorandum of Understanding, subject to the final
approval of the transaction by the Lynwood City Counsel.
B. Seller and Buyer desire to amend the Agreement as set
forth below.
NOW, THEREFORE, Seller and Buyer hereby amend the Agreement
as follows:
1. Description of Real Property The exact property that
Seller is selling and Buyer is buying is known as parcel number
6169- 012 -007, and 011, and a portion of parcel 010, as more
exactly described on the plot plan attached hereto and made a
part hereof.
2. Close of Escrow Escrow shall close on or before
November 30, 1990.
3. Possession The City of Lynwood shall be granted
possession of the property immediately upon the execution of a
lease. The lease shall terminate upon the City of Lynwood's
failure to approve the transaction noted herein, on or before the
dates hereinafter referred to, or upon consummation of the sale
if the transaction is approved by the Lynwood City Counsel.
4. Approval of the Lynwood City Counsel Buyer agrees
that if the approval of the Lynwood City Counsel is not obtained
on or before October 29, 1990, this transaction shall be null and
void and no further force or effect and the City of Lynwood shall
immediately tender possession of the real property to Seller.
5. "As Is" Purchase Buyer is purchasing the property
"as is" in its existing condition based upon various inspections
to the property which have been performed by Buyer. Buyer
acknowledges that (i) the purchase price reflects a substantial
discount which has been agreed to by the Seller as full
compensation to Buyer for toxic and hazardous conditions existing
on the property which Buyer alleges were revealed by Buyer's
inspection and (ii) following the close of escrow, Buyer shall
have no recourse against Seller for any reason relating to the
condition of the property, including without limitation, the
existence of toxic or hazardous substance on, under or the
vicinity of the property.
6. Recitals Recitals " and " B " are incorporated herein
as set forth in full and deemed to be covenants.
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7.' Acceptance The original Memorandum of Understanding
and this Amendment hereto shall be deemed null and void if not
executed by the Buyer and delivered to the Seller on or before
September 25, 1990.
SELLER: BUYER;
Ralph Horowitz, Trustee of City of Lynwood
the Hor2witz Family Trust
LGj
By: Hy:
a R rick Rarefa- Johnson
Director of Community
Development
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I ,, LYNWOOD REDEVELOPMENT AGENCY
11330 BULLIS ROAD
� LYNWOOD, CALIFORNIA 90262 (213) 6030220
Robert Henning CHAIRMAN
Paul Richards, VICE CHAIRMAN
Louis J. Heine, MEMBER
Armando Rea, MEMBER
Evelyn Wells, MEMBER
ADDENDUM TO THE MEMORANDUM OF UNDERSTANDING OF SEPTEMBER 10 1990
BETWEEN LYNWOOD REDEVELOPMENT AGENCY AND RALPH HOROWITZ
I, Ralph Horowitz, trustee of the Horowitz family trust Under
Trust Dated December 1, 1986, as restated, whose legal business
Operation is Located in'the County of Los Angeles, at 11300 West
Olympic Blvd., hereby, agree to the following addendum to the
Memorandum of Understanding dated September 10, 1990.
(1) BY MEANS OF THIS ADDENDUM, Horowitz Trustee (hereinafter
referred to as the Trustee), agrees to offer the sale of
the properties located at 11700, 17750 and 11754 Alameda, in
the City of Lynwood, known as Parcel Numbers: 6169 - 012 -007,
011, and portion of 010, whose total combined lot size is
not less than THREE (3) ACRES, to Lynwood Redevelopment
Agency (hereinafter referred to as the Agency), at a new
revised price of ONE - MILLION THREE HUNDRED AND SIXTY FIVE
THOUSAND Dollars ($1,365,000.00).
(2) The Trustee further agrees to carry a promissory note in a
revised amount of THREE - HUNDRED AND SIXTY FIVE THOUSAND
Dollars ($365,000.00), at the fixed rate of interest for
the life of the financing, not to exceed TEN -ANDA -HALF
(10.50) percentage point without any points or fees of any
kind.
The Agency and the Trustee agree that all other agreed -upon terms
and conditions contained in the September 10, 1990 Memorandum of
Understanding remain the same and shall be subject to this this
Addendum.
DATE October 1, 1990 CITY OF LYNWOOD
Kenrick Karefa- Johnson
Director of Community Development
Terms and conditions of the above agreement are hereby accepted.
Ralph Horowitz Trustee,
By: Ralph Howoritz
SIGNATURE: DATE: