HomeMy Public PortalAboutM 1985-01-28 - CC
ADJOURNED REGULAR HEFTING JANUARY 28, 1985
The City Council of the City of Lynwood met in an adjourned
regular meeting in the City Hall, 11330 Bullis Road, on
above date at 5:00 p.m,
Mayor Byork in the chair.
Councilmen Henning, Morris, Rowe, Thompson and Byork
answered the roll call.
Also present were City Manager Gomez and City Attorney
Yeager.
Mr. Briggs dis- The City Manager stated Mr. Briggs would discuss Item
cussion on UDAG No. 3, Public Hearing on the Urban Development Action
Grant Grant (UDAG) project with Hopkins Development; Item No. 4,
discussion and financial commitment by the City, if needed,
to fund balance needed for the Corporate Yard; and Item
No. 5, request for City and Agency to carry a loan
called Purchase Money_ Mortgage for the Towne Center
Project. This request will keep the City's UDAG applica-
tion as competitive as possible.
Mr. Briggs stated the proposed Lynwood Towne Center project
is the first phase of the final development of the 25 acres
Redevelopment Project Area "A", commercial site.
The UDAG Project consists of the the construction of the
following:
129,146 Sq. Ft.
84,146 Sq. Ft.
24,000 Sq, Ft.
7,000 Sq, Ft.
5,000 Sq. Ft.
5,000 Sq, Ft.
4,000 Sq. Ft.
Community Center ~- including
K-Mart
Thrifty Drug/Trac Auto Center
Ancillary Shops
Pad
Pad
Pad
He outlined the application addressing the scope of the
development, financial commitment of both the City and
Developer, and the projected revenue from the project.
In regards to the Corporate Yard, this is still one of
the major acquisition and relocation expenses the Agency
will be required to make for the Towne Center. Relative
to funds, the developer will pay for the purchase of the
land and the cost of the yard relocation. Also explained
the financial details that either the City or the Agency
will have to fund.
Hopkins Dev Regarding Item No. 5, the need for City or Agency to
purchase of land agree to the developer (Hopkins Development) to buy
for Towne Center $500,000 of the Towne Center property as a loan called
Purchase Money Mortgage. The purpose of this request
is th keep the City's UDAG request as competitive as
possible by reducing the need to request for an excessive
grant of funds. He stated the order of ~.siness would be
to hold the public hearing, take testimony, and approve
the re-submittal of the application; adopt a resolution
and Council commit to a financial agreement to fund the
Corporate Yard; and commit to approving a loan to the
Developer for either a portion of or the total amount of
the proposed $500,000 request.
Public xearing The Mayor announced that the time had arrived to conduct
UDAG Grant a public hearing on the Urban Development Action Grant
(UDAG) project with Hopkins Development. The Mayor
inquired of anyone present wished to speak in favor of
or in opposition to the resolution. There was none, and
the public hearing was closed.
( ~.~
h,9 Cs i
RESOLUTION NO. 85-6 entitled: "A RESOLUTION OF THE CITY RES No. 85-6
COUNCIL OF THE CITY OF LYNWOOD DIRECTING AND AUTHORIZING UDAG Grant for
THE CITY MANAGER TO FILE AN URBAN DEVELOPMENT ACTION GRANT Shopping Cente:
APPLICATION IN THE AMOUNT OF $1,085,000 RELATED TO A
COMMUNITY SHOPPING CENTER DEVELOPMENT IN THE CITY OF LYNWOOD."
was presented.
It was moved by Councilman Thompson, seconded by Councilman
Henning, that the resolution be adopted.
ROLL CALL:
Ayes: Councilmen Henning, Morris, Rowe, Thompson, Byork
Noes: None
Absent: None
It was moved by Councilman Henning, seconded by Councilman City Fund
Morris that the City commit to fund the full amounts required Corp Yard
to provide for a substitute Corporate Yard, and with the cost
sharing to. be determined subsequently between the Agency and
the City.
ROLL CALL:
Ayes: Councilmen Henning, Morris, Rowe, Thompson, Byork
Noes: None
Absent: None
It was moved by Councilman Henning, seconded by Councilman
Morris, for an expression on the part of the City in conjunc-
tion with the Agency, to provide for a deferral of a portion
of the purchase price of the site up to $500,-000 subject to
entering into a satisfactory DDA with the Developer.
ROLL CALL:
~ Ayes: Councilmen Henning, Morris, Rowe, Thompson, Byork
Noes: None
Absent: None
Council recessed at 5:50 p.m. to the Lynwood Redevelopment
Agency Meeting and reconvened at 6:00 p.m.
Councilman Henning requested an executive session and Council
recessed at 6:05 p.m. and reconvened at 6:45 p.m.
The City Attorney stated Council met in an executive session
to discuss possible impending litigation, but no action was
taken.
It was moved by Councilman Henning, seconded by Councilman
Thompson, and carried, that one staff member concentrate on
the new school site issue, and work closely with the school
district in preserving this money for the City and the district.
It was moved by Councilman Morris, seconded by Councilman Henning,
and carried, to adjourn to the regular meeting of February 5,
1985.
(r--
ANDREA L. HOOPER, City C1 rk
City of Lynwood
APPROVED FEBRUARY 3,"19$5
JOH D. BYORK, ayor
City of Lynwood