HomeMy Public PortalAboutM1999-03-16-LRAt 013
LYNWOOD REDEVELOPMENT AGENCY MARCH 16 1999
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 7:03 p.m.
Chairman Sanchez presiding.
Member Byrd, Rea, Reyes, Richards and Sanchez answered the roll call.
Also present were Interim Executive Director Davis, Agency Counsel Thever, Secretary
Hooper and Treasurer Pygatt.
Secretary Hooper announced the Agenda had been duly posted in accordance with The
Brown Act.
PUBLIC ORAL COMMUNICATIONS
None
ITEMS FOR CONSIDERATION
It was moved by Member Byrd, seconded by Member Richards and carried to approve
the following minutes:
a) Regular Meeting, March 2, 1999
It was then moved by Member Reyes, seconded by Member Rea to adopt:
LRA RESOLUTION NO. 99.13 ENTITLED: "A RESOLUTION OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD, CALIFORNIA,
ALLOWING AND APPROVING THE DEMANDS AND WARRANTS
THEREFOR".
ROLL CALL:
_-r- AYES: MEMBER BYRD, REA, REYES, RICHARDS, SANCHEZ
' NOES: NONE
ABSENT: NONE
REGULAR ITEMS
Chairman Sanchez introduced the next item, Treasurer's Quarterly Investment Report.
It was moved by Member Richards, seconded by Member Reyes and carried to:
RECEIVE AND FILE THE ATTACHED QUARTERLY INVESTMENT REPORT
FOR THE QUARTER ENDING DECEMBER 1998.
Chairman Sanchez introduced the next item, Marketplace of Lynwood.
It was moved by Member Richards, seconded by Member Reyes to reorder this item to
Closed Session.
ROLL CALL:
AYES: MEMBER BYRD, REA, REYES, RICHARDS, SANCHEZ
NOES: NONE
ABSENT: NONE
i Chairman Sanchez introduced the next item, Denny's Project Update, and questioned
_~{ where do we stand on this project.
It was moved by General Consent to continue this item to closed session.
Chairman Sanchez introduced the next item, To inform the City Council of the Status of
the Property Located at 3840 Martin Luther King Boulevard.
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O Director of Community Development Chicots stated staff will continue to monitor the
site, and ensure that the improvements are made within 120 days, and if not, begin the
abatement process.
It was then moved by Member Byrd, seconded by Member Reyes, and carried to:
RECEIVE AMD FILE THE INFORMATION PROVIDED BY STAFF.
PUBLIC HEARINGS
None
INFORMATION ITEMS
None
CLOSED SESSION
It was moved by Member Richards, seconded by Member Reyes and carried to recess to
closed session at 7:13 p.m.
Agency reconvened at 9:30 p.m.
Agency Council Thever stated the Agency met in Closed Session to discuss item 7,-a
4363 Imperial there is no reportable action. In regards to Item 4, 3100 E. Imperial
contract agreement have the following addedums 1) an abatement provision 2) change
council language to Agency Language 3) Prepared for 12 months discounted rate of 6%
and 4) city sublease and immediately ccupancy, item 5, Denny's, No reportable action.
It was moved by Mr. Richards, seconded by Mr. Byrd to adopt:
LRA RESOLUTION NO. 99.14 ENTITLED: "A RESOLUTION OF THE
LYNWOOD REDEVELOPMENT AGENCY APPROVING A LEASE
AGREEMENT BETWEEN 3100 E. IMPERIAL HIGHWAY, LLC, (THE
"DEVELOPER") AND THE AGNECY FOR THE PROPERTY LOCATED AT
3100A E. IMPERIAL HIGHWAY".
with the following change.
1) In the fourth whereas, and included in Section 2 "agreement attahced".
ROLL CALL:
AYES: BYRD, REA, REYES, RICHARDS, SANCHEZ
NOES: NONE
ABSENT: NONE
It was moved by Mr. Byrd, seconded by Mr. Reyes and carried to adjourn at 9:35 p.m.
RICARDO
SECRETARY ANDREA L. HOOP R
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