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HomeMy Public PortalAboutMinutes - 1992/09/15 - Regular1 TEMPLE CITY REDEVELOPMENT AGENCY MINUTES SEPTEMBER 15, 1992 INITIATION: 1. CALL TO ORDER Pursuant to the Agenda posted September 11, 1992, Chairman McGowan called the meeting of the Temple City Redevelopment Agency to order at 9:25 p.m. on Tuesday, September 15, 1992. 2. ROLL CALL: PRESENT: ALSO PRESENT: Members Breazeal, Budds, Wilson, Manning and McGowan Executive Director Ovrom, General Counsel Martin and Assistant Executive Director Dawson 3. TIME FOR THOSE IN THE AUDIENCE WHO WISH TO SPEAK: NONE 4. CONSENT CALENDAR Mr. Breazeal moved to approve the Consent Calendar as presented, seconded by Vice Chairman Manning and unanimously carried with Mr. Budds abstaining on Item A. A. APPROVAL OF MINUTES - Regular Meeting of September 1, 1992 Approved the minutes from the regular meeting of September 1, 1992 as submitted. B. APPROVAL OF AN AMENDMENT TO THE RESTRICTIVE COVENANT AND THE FOURTH AMENDMENT TO THE DISPOSITION AND DEVELOPMENT AGREEMENT (DDA) WITH CHAMPION/LBS DEVELOPMENT COMPANY REGARDING RESTRICTED USES FOR TEMPLE CITY SQUARE - Adopted Resolution No. CRA 92 -490, A RESOLUTION OF THE TEMPLE CITY COMMUNITY REDEVELOPMENT AGENCY APPROVING THAT CERTAIN FIRST AMENDMENT TO RESTRICTIVE COVENANT AND FOURTH AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN CHAMPION/LBS ASSOCIATES DEVELOPMENT COMPANY AND THE AGENCY. C. RESOLUTION NO. CRA 92 -489: APPROVAL OF PAYMENT OF BILLS - Adopted Resolution No. CRA 92 -489 approving claims and demands in the amount of $1,000.00. Mr. Breazeal moved to reconsider Item 4.B., seconded by Vice Chairman Manning and unanimously carried. Elizabeth Hawkesworth, Vice President, Champion Development, stated the restriction for the video store has been modified and when the adjustment was drafted a minimum size for an executive lease was agreed upon. The tenant originally wanted the full pad, however, that was not possible because of previously executed leases. The average store size for this tenant is 7,200 square feet and Champion does not want to limit the tenant should surrounding space become available and Super Duper Video wishes to expand. She requested increasing the maximum square footage of the building area from 4,600 square feet to 7,700 square feet to allow for expansion. Agency Minutes, September_15, 1992 _. Page 2 Economic Development Director Sims clarified that the Agency previously approved an amendment to the grant .deed. allowing Super Duper Video to be located within the Temple City Square project. The amendment had a minimum size requirement of 3,500 square feet, however, a maximum size was not considered. As the attorneys were in the process of drafting the appropriate documents, they felt it necessary to amend the Disposition and Development Agreement. It became apparent that a maximum size requirement would be appropriate for this particular store. Staff recommends a maximum of 4,600 square feet with a minimum of 3,500 square feet because of parking and traffic. In response to Mr. Breazeal's question as to whether the City requires anything above the usual one parking space per 250 square feet for a video outlet, Assistant Executive Director Dawson stated that for any shopping center with over 75,000 square feet, the standard is one parking space per 250 square feet. Certain uses could generate parking and traffic problems at a particular location.-. The 4,600 square foot maximum does allow for the space to be leased to Super Duper Video and if they need to expand, it could be brought back to the Agency for an amendment. - Mr. Breazeal noted that the 7,700 square foot building occupies seven percent of the total gross floor area, may require thirty -one parking spaces and accounts for eight percent of the project area. He commented that customers visiting the store require parking for short periods of time and he favors approval of the 7,700 square feet maximum. The Agency concurred. Mr. Breazeal moved to adopt Resolution No. CRA 92 -490, as amended, A RESOLUTION OF THE TEMPLE CITY COMMUNITY REDEVELOPMENT AGENCY APPROVING THAT CERTAIN FIRST AMENDMENT TO RESTRICTIVE COVENANT AND FOURTH AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN CHAMPION/LBS ASSOCIATES DEVELOPMENT COMPANY AND THE AGENCY, seconded by Mr. Budds and unanimously carried. 5. UNFINISHED BUSINESS: A. FISCAL YEAR 1992 -93 BUDGET REDUCTION - The Agency and City Council met jointly under the Council agenda to discuss this item. Executive Director Ovrom stated the Agency staff report is incomplete as staff does not have definitive information regarding the impact on the Agency. It appears that the Agency will have to pay to the State sixteen to eighteen percent of the 1991 tax increment allocation. Depending on the final numbers in the formula, this could amount to $60,000 to $70,000. The County will administer this program and will inform the Agency by October 1st as to what the reduction will be. This is a one -time reduction. The Agency will have to pay this amount no later than May, 1993, and may be able to use Agency reserves or up to fifty percent of the twenty percent set aside monies. Staff will be meeting with Special Counsel Parrington to review the Agency's options and will then return with a recommendation for the most advantageous way to make this payment. Mr. Breazeal indicated the Agency does not have a reserve fund as it is in debt to the City. He indicated that $100,000 would have to be cut from the budget to cover the reductions to the City and Agency. He favors cutting expenditures and not raising fees. He felt . Council and Agency should hold off on making decisions regarding budget reductions for both City and Agency until information regarding the Agency budget is known. 1 1 1 Agency Minutes, September 15, 1992 Page 3 Mr. Breazeal moved to continue discussion of Fiscal Year 1992 -93 Budget reductions to the next regular meeting to be held on October 6, 1992, seconded by Vice Chairman Manning and unanimously carried. 6. NEW BUSINESS: A. WAIVER OF CERTAIN DESIGN FOR DEVELOPMENT REQUIREMENTS: "THE HAT" RESTAURANT, 5505 ROSEMEAD BOULEVARD - Economic Development Director Sims stated currently there is a prohibition of fast food and drive through restaurants in Block B in the Rosemead Blvd Redevelopment Project Area. The proposed development is a 2,850 square foot "The Hat" restaurant. The Hat was founded in 1951 and continues to operate its original restaurant in the City of Alhambra and has four other locations. The Hat has reached an agreement with the property owner to purchase the property contingent upon the City's approval of this waiver as well as a conditional use permit. In 1990, the Agency adopted a Design for Development for the former Shell service station site in an attempt to locate a retailer, financial institution, or sit -down family type restaurant for that site. - A great deal of time and effort has been spent with the . property owners and their -real estate brokers to secure such a use. Parking at Builders Emporium is not available -to serve this site and therefore precludes development for a sit -down restaurant. The Hat would have on site parking for thirty to thirty -two vehicles and is a high quality operation with a menu that is diverse but specialized. It is hoped that The Hat would generate as much as $2 million in taxable sales upon opening and would generate approximately $20,000 in.annual sales tax revenue. Mr. Breazeal indicated he is concerned about the amount of traffic The Hat would generate. He commented that he asked the Traffic Engineer how many,cars this project would generate and was told approximately ninety cars per hour in peak time. He felt this to be an abnormal amount in what is an already high risk intersection. He is also concerned that if approval is given to The Hat and the project does not come to fruition, would the Agency have to allow another fast food restaurant at that site. He suggested processing a conditional use permit with a waiver as one of the conditions. General Counsel Martin stated the Agency has only this request at the moment and may make an exception, however, whether the Agency can withstand a second exception is yet to be seen. Economic Development Director Sims indicated that any use on that corner would generate a certain amount of traffic. A retail use would probably produce the least amount of traffic, however, a retail development is not feasible as the site is not large enough. Another alternative is a financial institution and the owners have pursued several major banks, however, banks also generate a fair amount of traffic and do not generate any sales tax revenue. Assistant Executive Director Dawson noted that as it is a restaurant use, a conditional use permit is required and traffic and the ability to accommodate the traffic along with safety considerations will be considered as part of the conditional use permit. Mr. Budds commented that The Hat has a good reputation and felt the Agency should proceed with approvaL Vice Chairman Manning moved to adopt Resolution No. CRA 92 -491, A RESOLUTION OF THE TEMPLE CITY COMMUNITY REDEVELOPMENT AGENCY APPROVING A WAIVER OF CERTAIN DESIGN FOR DEVELOPMENT REQUIREMENTS FOR THE Agency Minutes, September 15, 1992 Page 4 NORTHWEST CORNER OF ROSEMEAD BOULEVARD AND BROADWAY, subject to the review of the required conditional use permit by the Plrnning Commission, seconded by Mrs. Wilson and carried on a roll call vote as follows: ROLL CALL: AYES: Member - Budds, Wilson, Manning, McGowan NOES: Member - Breazeal ABSENT: Member -None 7. COMMUNICATIONS: NONE 8. MATTERS FROM AGENCY MEMBERS: NONE 9. ADJOURNMENT: At 9:52 p.m., it was moved, seconded and unanimously carried to adjourn. The next regular meeting of the Temple City Redevelopment Agency will be held on Tuesday, October 6, 1992. C,6,140 7s,,e4-,,fa,,,_9 LEP /MINS /2484.1 1