The URL can be used to link to this page

Home My Public Portal AboutM 1986-01-27 - LRAD REGULAR MEETING JANUARY 27 19 1 1 i The Lynwood Re evelopment Agency met in an adjourned regular meeting in the City Hall, 11330 Bullis Road, on the above date at 2 p . m. Chairman Henning in the chair. Members Byork', Morris, Thompson, Wells and Henning answered the roll call. Also present were Executive Director Gomez, General Counsel Huebsch, and Secretary Hooper. Chairman Henning stated the purpose of the meeting was for an Agency review and consideration of proposed Disposition and Development Agreement for Hopkins Lynwood Associates. Mr. Hopkins, Developer, stated they had executed the Disposi- tion and Development Agreement and were in the final negotia- tions with the major tenants, Foods Company and Thrifty Drug Stores, and were going through final lease documenta- tion with them. There are still several properties to be acquired. Mr. Hopkins understood there were appraisals that were completed several years ago, and are now being updated. They questioned whether they would buy the property or the Agency. Hopkins DDA Acting Community Director Mas stated that originally the Agency was going to acquire the property, but now are in the process of negotiating'the Development and Disposition Agreement. Mr. Hopkins felt they could acquire the property faster than the Agency and'will talk to the property owner to see if they can acquire the property sooner. General Counsel stated he and staff had had a meeting with Hopkins Developer and prepared the Disposition and Development Agreement. There were several issues such as timing, size of site and cost. Several sizes were discussed which would also reflect cost for property. Action would be to approve an agreement of this kind, it requires the Agency publish once a week for two successive weeks, hold a hearing and make a report available to the public that describes the terms of the agreement. After discussion, it was moved by Mr. Byork, seconded by Mr. Morris, to direct staff to publish in the Lynwood Press February 6 and February 13, 1986, and hold a joint public hearing on February 20, 1986 at 5:00 p.m. ROLL CALL Ayes* Members Byork, Morris, Thompson, Wells, Byork Noes None Absent * &one There was no further business, and it was moved by Mr. Morris, seconded by Mr. Byork, and carried, to adjourn to February 4, 1986. Secretary APPROVED MARCH 4, 1986 C airman 0