HomeMy WebLinkAboutAG RPTS 1995 0322 RDA REG NOTICE AND CALL OF A
SPECIAL MEETING OF THE REDEVELOPMENT AGENCY
OF THE CITY OF MOORPARK
TO THE MEMBERS OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK:
NOTICE IS HEREBY GIVEN that a Special Meeting of the Redevelopment
Agency of the City of Moorpark is hereby called to be held on
WEDNESDAY, MARCH 22 , 1995, commencing at 7 : 00 P.M. Said meeting
will be held in the Council Chambers located at 799 Moorpark
Avenue, Moorpark, California.
Said Special Meeting shall be for the purpose of the following:
1. CALL TO ORDER:
2 . ROLL CALL:
3. ACTION/DISCUSSION:
A. Consider Adoption of Resolution No. 95- Rescinding
Resolution No. 95- and Reaffirming Approval of the
Summary Report which was Prepared in Accordance with
Section 33433 of the Health and Safety Codes for the Sale
of Agency Owned Property to Mission Bell Partnership.
Staff Recommendation: Adopt Resolution No. 95-
rescinding Resolution No. 95- and reaffirming the
Agency's approval of the Summary Report.
RESOLUTION NO. 95-
B. Consider Report from Economic Development/Affordable
Housing Committee Concerning Options for Development of
Gisler Field Housing Program Property. Staff
Recommendation: Direct staff as deemed appropriate.
(Continued item)
Speakers who wish to address the Agency concerning a Public Hearing
or Discussion/Action item must do so during the Public Hearing or
Discussion/Action portion of the Agenda for that item. Speaker
card must be received by the Agency Secretary for Discussion/
Action items prior to the beginning of the first item of the
Discussion/Action portion of the Agenda. Speaker Cards for a
Public Hearing must be received prior to the beginning of the
Public Hearing. Speaker cards for a Closed Session item must be
received prior to the beginning of Closed Session. A limitation of
three minutes shall be imposed upon each Discussion/Action item
speaker. Copies of each item of business on the agenda are on file
in the office of the Agency Secretary and are available for public
review. Any questions concerning any agenda item may be directed
to the Agency Secretary/529-6864.
C. Consider Offers from Colmer Development and Cabrillo to
Purchase City Owned Property (Gisler Field Housing
Program) . Staff Recommendation: Direct staff as deemed
appropriate.
D. Consider Purchase of Property, APN 511-0-050-09 (Aiken) .
Staff Recommendation: Appropriate $105, 555 from bond
proceeds.
4. CLOSED SESSION:
A. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (pursuant to
Government Code Section 54956. 8)
Property: APN 511-0-080-19, 511-0-080-20, 511-0-080-21,
511-0-080-31, and portion of 511-0-080-25 and 511-0-080-
26 (North side of Los Angeles Avenue and South Side of
Poindexter Avenue contiguous to Mission Bell Plaza)
Negotiating Parties: City of Moorpark and Ventura
Pacific Capital Group
Under Negotiation: Price and Terms of Payment
B. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (pursuant to
Government Code Section 54956.8)
Property: APN 511-0-080-24 , 511-0-080-26 and 511-080-25
Negotiating Parties: City of Moorpark and Colmer
Development Company
Under Negotiation: Price and Terms of Payment
C. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (pursuant to
Government Code Section 54956. 8)
Property: APN 511-0-080-24 , 511-0-080-26 and 511-080-25
Negotiating Parties: City of Moorpark and Cabrillo
Economic Development Corporation
Under Negotiation: Price and Terms of Payment
D. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (pursuant to
Government Code Section 54956. 8)
Property: APN 511-0-050-09
Negotiating Parties: City of Moorpark and Kirk Aikens
Under Negotiation: Terms
5. ADJOURNMENT:Dated: March 21, 19957(X4(
Lillian E. Hare, Secretary
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss
CITY OF MOORPARK )
AFFIDAVIT OF POSTING
SPECIAL MEETING NOTICE
I, Dorothy J. Vandaveer, declare as follows:
That I am the duly appointed Deputy City Clerk of the City
of Moorpark; that a SPECIAL MEETING of the Moorpark
Redevelopment Agency of the City of Moorpark was held on
March 22 , 1995 in the Council Chambers of the Community
Center at 7 : 00 P.M. and that a copy of said Special Meeting
Notice was posted on March 21, 1995 at a conspicuous place
near the door of the room at which said meeting was held.
I declare under penalty of perjury that the foregoing is
true and correct.
Executed on July 31, 1995 at Moorpark, California.
/iLz/ (i/ /_deti.ze,,_,-;)
Dorothy andaveer
Deputy 4 ty Clerk
affsmt.rda
ITE
AGENDA REPORT
MOORPARK REDEVELOPMENT AGENCY
TO: Honorable Chairman and Members of the Moorpark
Redevelopment Agency r
FROM: Steven G. Hayes, Redevelopment Manager
DATE: March 6, 1995 (Mtq )3/22/95)
SUBJECT: Adoption of Resolution No. 95 - 3'1 Rescinding
Resolution No. 95 -33 and Reaffirming Approval of
the Summary Report which was prepared in Accordance
With Section 33433 of the Health and Safety Codes
for the Sale of Agency Owned. Property to Mission
Bell Partnership
BACKGROUND:
On March 15, 1995 the Moorpark Redevelopment Agency, approved
Resolution 95 -33 approving the Summary Report which was prepared
and approved in accordance with Section 33433 of the Health and
Safety Codes. The Resolution identified the developer as Ventura
Pacific Properties, Inc. The developer, for the purpose of
financing and for consistency with the Disposition and Development
Agreement, wishes to be identified as Mission Bell Partnership, a
California Partnership.
RECOMMENDATION•
Staff recommends that the Moorpark Redevelopment Agency adopt the
attached Resolution rescinding Resolution No. 95 -_ and reaffirming
the Agency's approval of the Summary Report.
Attachments:
SGH23SR2- 03/06/95
Resolution
AK. CALOOMA
AOENCY
mom
-3
BY
Waml
AGENDA REPORT
AMRPARK REDEVELOPMENT AGENCYi z' '
TO: "'H6Mrar)le Chairman and Members of the Moorpark
Redevelopment Agency _
FROM: Steven G. Hayes, Redevelopment Manager
DATE: March 7, 1995 (Mtq 03/15/95)
SUBJECT: Consider Report From Economic Development and
Affordable Housing Committee Concerning Options for
Development of Gisler. Field Housing Program
Property
BACKGROUND:
In December of 1993, the Moorpark Redevelopment Agency purchased
approximately 30.51 acres of land known as Gisler Field. The site
is located south of Poindexter Avenue, north of East Los Angeles
Avenue, west of Chaparral School and east of Moorpark Estates. The
southern half of the property is being designed for commercial use.
The northeastern one quarter of the property is being designed for
a park. The northwestern one quarter or approximately 6.5 acres is
being designed for up to 50 single family owner occupied affordable
housing units. The goal is to sell as many as possible to low and
very low income families.
The Agency approved contracts with John Mutlow Architects, to
develop the site design for the housing portion, Charles Abbott
Associates for the required engineering and Cabrillo Economic
Development Corporation as Project. Administrator.
The preliminary site design prepared by John Mutlow has been
presented to the Economic Development /Affordable Housing Committee
( Councilmember Patrick Hunter and Councilmember Bernardo Perez -
ED /AHC). This conceptual plan, along with three other conceptual
plans, were presented at a public meeting held by staff on
September 8, 1994. There were approximately 50 citizens in
attendance.
After a presentation by staff and the planning consultants, the
public was asked to review the plans and express their views. Many
comments were received from the people in attendance and the
consensus was, that the four cul de sac conceptual plan being
pursued is the plan most preferred for the development. On
November 11, 1994, the Agency reviewed the conceptual site plan and
directed staff to proceed with the necessary filings.
DISCUSSION•
Agency staff is finalizing the Contract for Service for the
preparation of the engineering portion of the Gisler Field Housing
Project with Charles Abbott Associates. This work is to include
the preparation of the topographic map for the housing and park,
boundary map for housing and park, grading map for housing and
park, infrastructure design for the housing portion, and tentative
and final tract map for housing and park. It is estimated that
this engineering project will be completed within four to six
months.
In conjunction with the engineering work, Cabrillo Economic
Development Corporation will be working with the Agency and John
Mutlow (architect) on the final design for access to the park,
buffering for the commercial property to the south, and final site
design including but not limited to: SCE easements, setbacks, and
building design (building plans will be prepared by the developer)
for City processing.
CEDC will then work with the Agency to develop a financial and
development costs study, and the identification of additional
funding sources that will enable the project to be built and sold
at affordable prices.
The engineering design work will include the design of the
infrastructure, topographic mapping, boundary mapping, tentative
and final tract map filing. Agency staff has started to process
the Residential Planned Development (RPD) Permit and tentative and
tract map with the City. It is anticipated that once the
application has been filed with the City it will take 30 days to
complete the initial study and make a determination on application
completeness. At minimum a mitigated negative declaration will
need to be prepared. It is anticipated that it will take between
90 and 105 days to complete the -'ity approval process after
determination of application completeness.
On December 19, 1994 Agency staff was contacted about selling the
property. An "Unsolicited Offer to Purchase" dated December 21,
1994, presented by John Newton, on behalf of Wayne Colmer, Colmer
Development Company, and a Letter of Intent by Mr. Colmer
requesting to enter into an Exclusive Right to Purchase the site
with the Agency has been received and presented to the Agency
Board..
On February 21, 1995 the ED /AHC discussed the offer by Wayne
Colmer, Colmer Development Company, to purchase the housing portion
of the Gisler Field Site. Committee member Bernardo Perez
indicated that he was not in favor of selling the property to a
developer at this time and he wanted the Agency to proceed with the
development of the plans. Committee member Patrick Hunter stated
that he would like to have more information about the cost of
building the units and the ability to keep the units for the low
and moderate income families. It was the consensus of the
Committee that all 50 units are to be for the low and very low
income families if possible. Mr. Colmer's offer would produce
moderate housing and according to Section 33413 of the
Redevelopment Law, would make 8 units available for low and 8 units
available for the very low income families. The Committee also
recommended that all housing funds from the bond proceeds be made
available for this project if necessary. Staff was directed to
develop cost scenarios in order to determine how many units could
be built at various levels of funding.
The ED /AHC met on March 2, 1995 to consider the offer made by Wayne
Colmer to purchase the property. Karen Flock, from Cabrillo
Economic Development Corporation (CEDC) gave a summary of the
report that CEDC prepared for the Agency. Ms. Flock indicated
that if all 50 units were to be for the low and very low income the
amount of Agency subsidy would be $1,500,00 to $1,700,000.
The Committee and staff discussed the perceived goals for the
Project. The consensus of the committee is that the goals are: (1)
that the units will be for sale for single families, and (2) that
the Agency should make efforts so that all 50 units (or 100% of the
units) be for low and very low income. The Committee also
acknowledged the reality that due to cost and financing there could
be a need for a mix of 20 units low, 20 units very low and 10 units
moderate income in order to make the Project work.
The Committee indicated that they would recommend that up to
$1,700,000 (amount of housing bond proceeds) be made available to
subsidize this project on a loan basis to the qualified homeowners.
Mr. Colmer, of Colmer Development Company summarized his proposal
to purchase the Gisler Housing Project ('land) at this time (see
attached letter dated February 22, 1995). Mr. Colmer indicated
that he would purchase the land for $1,500,000 if the Agency were
willing to: (1) provide a second trust deed subsidy in the amount
of $1,600,000, and (2) pay certain City fees (in the amount of
$765,593 as calculated by staff- - ,Ee Exhibit "A" attached) .
The Committee asked staff to prepare a staff report for the Agency
outlining the goals and the proposal by Mr. Colmer and request
direction from the full Agency for either: (1) proceed with the
project with existing direction, that.. the Project not be sold until
the design is completed, (2) SCll the property to Colmer
Development Company under a DDA, (3') Prepare a Request for Proposal
for the sale of the property. Thf- committee requested that staff
prepare the staff report containing an outline of a request for
proposal (see attached) for the City Council consideration for the
March 15 Council Meeting. The Committee also requested a ED /AHC
Meeting for March 14, 1995 to review the report and RFP.
RECOMMENDATION•
Direct staff as deemed appropriate.
SGH239- 03i0 ".95
' (I� liq
company
23875 Ventura Boulevard . uite 201 . Calabasas, ( I 9 302 . (818) 222 -5666 . FAX (818) 222 -5668
February 22, 1995
The Board of Directors
CITY OF MOORPARK REDEVELOPMENT AGENCY
799 Moorpark Avenue
Moorpark, CA 93021
RE: Gisler Field Property
Dear Board Member:
RECEIVED
FEB 2 4 1995
City Of Moorpark
Economic Development Dept.
On December 21, 1994 I submitted a Letter of Intent to induce the City
of Moorpark Redevelopment Agency to enter into an exclusive right to
purchase the Agency's 6 -1/2 acre Gisler Field property. Some
misunderstandings may have arisen, and as a result it is important for
me to clarify and elaborate on my proposal. Based on revised terms set
forth in this letter, we hope to induce the Redevelopment Agency into
exclusive negotiations to purchase their property as follows:
Agency shall:
(1) Sell the 6 -1/2 acre property to Colmer Development for $1.5
million. The Agency shall agree to repurchase the property, in
the event the City of Moorpark does not approve Colmer's
development proposal, tentative map, planned development permit,
etc., within six months of the date Colmer's development
applications are submitted.
(2). Furnish and assign its interest in all Agency pre- development
work, including but not limited to civil engineering, soils and
geology, site plans, architecture etc.
(3). Prepare all legal agreements, sunDect to Colmer's approval,
including the property purchase and sale agreement, repurchase
agreement, and resale restrictio-i agreement.
(4). Pay or obtain waivers of all Cit/ and City controlled permit/
fees, including but not limited tc fees for A.O.C. Los Angeles
Avenue, park fees, improvement anc, building plan check and
inspection, development permits and applications, etc. Fees
payable to the County and Ut i l it ,, C i st rift shall be paid by
Colmer Development::.
(5) Create a second trust deed subsiciz_ed low interest pool from State
of California and Agency ava.ilak[E funds of not less than
$1,650,000 for usse by very 1,:)w -cc 1 0�, i_ Zcome homebuyers of these
homes.
Moorpark Redevelopment Agency
February 22, 1995
Page Two
(6). Assist Colmer Development obtaining government below market rate
financing wherever possible.
Colmer Development shall:
(1). Purchase the property for $1,500,000. An escrow to close within
90 days after the City's acceptance of a formal agreement to sell
the property for development of an affordable housing project, as
generally specified below. Colmer to pay the real estate broker-
age commission.
(2). Build 50 single family detached homes, with the following
features:
(a) . Homes to range from 1100 t::c 1400 square foot minimum.
(b). Build 3 floor plans and :? elevations of each floor plan.
(c) . Home prices to not exceed $140,000, $155,000, and $180,000
(subject to CPI adjustmenr).
(d). Homes will be one and twc storie:�
(e). All homes to have 3 bedrooms, 1 to 2 -1/2 baths.
(f). Homes to have 2 car garages and electronic garage door
openers, fireplaces, asphalt shingle thick butt roofing,
range /oven, automatic dishwasher; and washer /dryer hookup
area.
(g). Front yard landscaping an(i Uutomatic irrigation included.
(h). Complete yard fencing, coris'sting of 6' high block walls
along the Poindexter Avenue and <adjacent Shasta Tract
property line,,-,, and wo -)d i : l c 1-1 a 1 1 other property
lines.
Homes to be designed with superi.er architecture, providing
at least 1 on street, ind 2 driveway parking spaces per
home. Garages will nod e;: f ed `;05 � of the front lot width.
(j) . Homes to be built to FIIA r- k;etter standards.
Moorpark Redevelopment Agency
February 22, 1995
Page Three
(3). Pay buyer's non - recurring closing costs, up to $2,200 per house
to reduce buyer's down payment requirements. '
(4). Construct Poindexter Avenue street improvements, and Liberty Bell
curb, gutter, and sidewalk improvements, on the west side of
Liberty Bell, plus one -half of the paving cost and its pro rata
portion of Liberty Bell underground utilities.
(5). Construction to begin no later than eighteen months after City's
final approval of development applications, and thereafter all
development to proceed diligently until completion.
(6). Fifteen of the homes to be sold to qualified, very low income
buyers, with the Agency providing trust teed pool second trust
deeds, for up to $60,000 per hots.! =e.
(7). Fifteen homes to be sold to qualified low income buyers. The
Agency to provide trust deed pool second trust deed financing
averaging $4-&-s000 per home.
(8). The remaining homes to be sold t�.: 7ery low, low, and moderate
income buyers, with sales prices not to exceed $180,000. Second
trust deed financing to be made available, if funds from the
second trust deed pool noted above are not fully utilized.
This proposal is subject to further refinement and negotiation. I hope
that the Agency and Colmer Development are able to enter into good faith
negotiations as soon as possible, to f :nalize all of the terms and
conditions of the sale of this property.. It as my intention to move
forward with development of the sitQ E9
will allow. a,t ziF the Agency and the City
Sincerely,
// i
Wa Colmer
WC /mc
cc: Steve Hayes
Steve Kueny
John Newton, Broker
A. SITE
i
C.
SGH230 - -03 /06,'95
EX1-1 =Ba: '1" 91 As, 91
GISLER FIELD HOUSING PROJECT
ESTIMATED COSTS AND FEES
7 A(.,
50 UNITS SINGLE FAMILY ATTACHED
Agency pay for:
304,920 SQ. FT.
1.
Second trust deeds (15 units at $60,000 per unit)
$900,000 (15 units $45,000
per unit) $675,000 for a
total of $1,575,000. ($1,575,000
- $1,500,000 =
$75,000)
2.
Site Work and Engineering
$70,000.
3.
Legal documents $5+' , )00 .
4.
All City permit feE -s ,.
a. Quimby fees $182,000
b. Building and Engineering Fees $82,000 +
$21,000 = $10 "f,'100
C. Planning fees
RPD
$ 2,187.50
Tract. Mai
$ 6,216.00
Zone Change
$ 1,093.50
Cond. Comp
$ 9,497.00
Zone Clear
$ 170.00
LAAAOC
$138,600.00
TMM
$ 237.00
ETR ([S)
$ 1,317.00
$159,318.00
d. City Wide Traf'f.(- Mitigation
Fee $200,000
e. Fish and Game Fees $1,275.
APPROX144ATE TOTAL: $2,D4,),593
FEES
ONLY: ? 5 � , 59 3
C= T Y (DIP MOORPARK
RE QU E S T F OR PROPOSAL
The Moorpark Redevelopment Agency (the "Agency ") is seeking a
developer for the construction of up to 50 single family
residential units. The Agency has purchased approximately 6.5
acres of land located south of Poindexter, north of Los Angeles,
east of Moorpark Estates and west of Chaparral School and K -Mart
(see attached map).
The Agency is looking for a developer to purchase the land and
construct a maximum of 50 units of low and very low income family
housing units. The developer is requested to submit to the Agency
a proposal that shows design and financing for (A) a mix of 20
units at low income levels, 20 units at very low income levels and
10 units at moderate income levels and (B) a mix to be determined
by the developer showing any number_ of specified mix of units and
income levels. The Agency is look:i.nq for the following criteria:
1. Construction of approximately 50 single family units for
low and very low income families.
2. Homes to range from 1.1.00 to 1600 square feet.
3. 1 to 2 -1/2 baths.
4. One and two stories, minimum of 3 bedrooms.
5. Units can have common wa l or zero lot line except those
abutting western property line,
6. Two car garages or garagec and car port.
7. Homes to be built to FHA VA or better Standards.
8. Homes designed with three or more floor plans and
elevations also have one or more designs for disabled.
9. Front yard landscaping and automatic irrigation.
10. Complete yard fencing with block wall on all exterior
perimeter lots including west and south side of property,
along Poindexter Avenue and on interior corner lots.
Interior lots can use (a) wood fencing with galvanized
steel post and cross members or (b) block wall or
concrete pre- fabricated fencing.
11. Homes to have electronic garage door openers, fireplaces,
asphalt shingle thick butt roofing (minimum 30 year
guarantee), range /oven, automatic dishwasher, and
washer /dryer hookup.
12. Project will include north south street abutting park to
be constructed on the east side of the site.
13. Approximately 20 + landscape along Poindexter Avenue.
14. Developer shall show the Agency the number of units and
amount of cost of construction and amount of subsidy if
needed.
15. Developer shall show the Agency other funding sources if
applicable.
16. The Developer will be expected to pay the following fees;
a. Quimby fees $182,0110
b. Building and Engineeiinq Fees $82,000 + $21,000 =
$1.03,000
C. Planning fees
RPD , 2,187.50
Tract Map ,216.00
Zone Change $ 1,093.50
Cond. Comp. $ 9,497.00
Zone Clear $ 170.00
LAAAOC $L38,600.00
TMM S 237.00
EIR (IS) x__1,317.00
$359,318.00
d. City Wide Traffic Mitiqation Fee $200,000
e. Fish and Game Fees $1,275.
All fees shown are estimates.
The Agency will hold a meeting with prospective developers on June
27, 1995. Developer will be given two weeks to prepare formal
proposals. The developers submitting the top three proposals will
receive an interview wittl the City's Economic
Development /Affordable Housing Committee,
The Agency will be looking for the best product to be constructed
and the development that will have the financing to provide for low
and very low income families.
If you need additional information please contact Steven G. Hayes,
at (805) 529 -6864, extension 225, r you may make an appointment.
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INCOME I-,J MI TS
13'y
PERSON S I N FAM = L Y
COUNT Y O F V E N TURA
. ..........
NUMBER OF PERSONS IN FAMILY
INCOME
VERY LOW
PERCENT
50% 1127950
1
20250
2
23150
3
26050
1.8950
5
31250
6
33600
7
35900
8
38200
LOWER
80%
31900
35900
39900
43100
46300
49500
52650
Table applicable for Fiscal Year 1.994/1995
SGE- HRLIM -1- /24/94
FROM COLMER DEVELOPMENT Rr45 P. :S dry_
COLMs'ER DEVELOPME'N'T
company
23875 Ventura Boulevard - Suite 201 - Calabasas, CA )1302 - (818) 222 -5666 - FAX (818) 222 -5668
March 21, 1995
Board of Directors
Redevelopment Agency
CITY of mooRPARK
799 Moorpark Avenue
Moorpark, CA 93021
RE: Gisler Field Property
Dear Board Member:
Colorer Development Company's (Colorer) offer to purchase the Moorpark
Redevelopment Agency (Agency) project is being revised, based on the
Agency's goal of limiting their participation in this project to $1.7
Million, and on discussions and directions by the Affordable Housing
Committee.
My company proposes to purchase the 6 -1/2 acre Agency property, based on
the following terms:
COLMER SHALL�L
(1)- Pay the Agency $1.5 million for the site. Escrow to close within
90 days of the approval of a formal agreement between the Agency
and Colmer. Colmer to pay real estates brokerage commission. The
Agency shall agree to repurchase the property, in the event the
City of Moorpark does not approve Colmer's development proposal,
tentative map, planned development permit, etc., within six months
of the date Colmer's development applications are submitted.
(2). Construct Poindexter Avenue street improvements, and Liberty Bell
curb, gutter and sidewalk improvements on the west side of Liberty
Bell, plus 1/2 of the paving cost, and its prorata share of Liberty
Bell underground infrastructure and indirect costs.
(3). Obtain all construction financing and subdivision improvement
bonds.
(4)• Begin construction no later than 18 months after the City's
approval of development applications, and thereafter all
development to proceed diligently until completion.
(g)- Colmer to sell 15 of the homes to very low income buyers, and 15
homes to qualified low income buyers, with the Agency providing
second trust deed pool financing averaging $60,000 and $45,000 per
house, respectively.
rKUri CULMER DEVELO"Mf '�' . 1r c 2
Moorpark Redevelopment Agency
March 21, 1995
PAge-T—wo
(6). Pay "All City permit fees"
all County service district
waivers; however, "All City
on a liberal interpretation
With other developers. The
outlined in "Exhibit All attached. Pay
and school fees. There shall be no tee
Permit fees" shall be negotiated based
Of Fee calculations as done similarly
following require adjustment.
A. Quimby Fees to be based on the fair market value (purchase
price) of the Poindexter Park site, per the Cityls Quimby
Ordinance. The City has established a purchase price for the
park site of $500,000, plus 20% of the improvements, for a total
Of $600,000 for this 7.5 acrd park. The in lieu fee calculation
should be based on this valuation.
B. The LAAOC and traffic mitigation fees to be negotiated.
THE AGENCY SHALL:
(1). Furnish and assign its interest in all Agency predevelopment work,
and prepare all legal agreements, including the property purchase
and sale agreement, repurchase agreement, and resale restrictions,
and cease all predevelopment work immediately.
(2). Create a second trust deed subsidized low interest pool from Agency
funds of not less than $1,650,000 for use by very low, low, and
moderate income buyers of these homes.
(3). Assist Colmer obtaining government below market rate financing,
whenever possible.
Colmer Development and its partners have the financial capabilities to
quickly complete this project by obtaining the required equity capital
and construction financing needed to acquire, process, develop,
construct, finance, and market this development..
I hope that the Agency and Colmer are able to enter into good faith
negotiations to sign a formal agreement: as soon as possible.
Sincerely,
al�j
WarMC01-11
er
WC
[IRP 2 2 '95 08:54 � - -, ;71 -,17c,-
=X'1X$z1r ..A..
GSSI.BR Frsr HOUSING Pp,=CT
4. ".4,11 City permit fees r�
a. Quimby fees $182,000
b. ,.,Building and Engineering Foes $82-,000 +
$21,000 - $103,000
C. Planning fees
RPD $ 21187.50
Tract Map $, 6,216.00
gone Change $ 1,093.50
coed. Comp. $ 91497.00
Zone clear. $ 170.00
IAAA4C $138,600.00
TH $ 7'237.00
EIR (IS)
$ , 3`� 3ia . oa J
d. City Wide Traffic Mitigation Fee $200,000
e. Fish and Game Fees $1,275.
Excerpt from Economic Development /Af:ordable Housing Comittee
March 20, 1995 Staff Report.
MRR 22 195 08 =55 8182225668 PRGE.Ea4
FROM COLMER DEVELOPMENT . 5.1945 14 :25 P. 2
COLMER DEVELOPMENT
company
23875 Ventura Boulevard . Suite 201 . Calabasas. CA Q1302 • (818) 222 -3666 . FAX (818) 222 -5668
March 15, 1995
Board of Directors
CITY OF MOORPARK
Redevelopment Agency
799 Moorpark Avenue
Moorpark, CA 93021
RE: Gisler Field Property
Dear Board Member:
Almost three months ago, I submitted a letter of intent to induce the
city of Moorpark Redevelopment Agency to enter into an exclusive right
to purchase the Agency's 6 -1/2 acre Gisler Field property. To date, I
have not received any indication that the Agency is considering my
offer. It was my understanding that the Agency was anxious to proceed
with this project as rapidly as possible.
it appears the Agency is now considering offering open bidding for the
property through an RFP. Developing the RFP specifications will probably
require an expensive consultant, legal and staff effort. RFP project
specifications might require public input and hearing. The process of
writing and approving the RFP will be time consuming. It will take
months before a developer is determined. In the meantime, the City's
plans to develop the adjacent park will probably be delayed, the
construction of the affordable housing delayed and economies of scale
gained by developing park and redevelopment property improvements
together could be lost. The Agency is also losing interest every day
their investment is idly tied up in the undeveloped land.
I hope you will again consider my request to immediately enter into
negotiations with me.
Since'r ly,
Wa cvlmer
me
('
0h1, cet,
d
MAR 15 '95 14:33
8182225668 PAGE.002
:)cCabrillo Economic Development Corporation
11011 Arahar Street
. Saticoy, CaJI(dmia 93004 (805) 659.3791 Fax (805) 65g -3195
r
S'�
eDARD of aR March 15, 1995 ���/'
ecTORS ��
ERNIE MORALES
Pfeaidtent
GF y WnFUrn190f V1!
KEl1NETM A. MEAIDOk
Y� Prlteio" -
so.f>", sartoau, Steve Hayes
BamaceN ° P'°" kh Redevelo
WD 15ABEDRA pme t Manager
V168 Pf"dem Moorpark Redevelopment Agenc}
Na( "g�" 799 Moorpark Avenue
OSCAR Q CONZA U Moorpark, CA 93021
Tmmmr
=1 6ffi�eW,
>r Re: Gisler Housing
MARMRA & JOURNET
RGPMwntvM Via FAX
522-8270
JOHN
e Bmbr" Dear Steve:
BENJEAN AYENDANO
GraKWW+.me",k This is to formalize the CEDC
POLLY SEE housing site. s offer to purchase the Gisler
0--kY R WV"r -h Wve
PACKARD +as The CEDC offers to purchase the approximately 6.5 acre site
JUM,GOMEZ for $1,500,000. The Redevelopment Agency would finance the
j pCc°`n"!T, purchase through a deferred loam. The CEDC would develop a
BARBARAMACRwIrnz 50 unit affordable housing project in a mix to be determined,
COUnUe9 but which could incorporate the CEDC's September 24, 1994
financing proposal. We would ertez' into a Disposition and
NECTORREYES Development Agreement
Wo GmWiMa
Please Q contact us if
SITIMA CARMEN g0VWGU you have ur Y questions.
sc Jahn.
Co emunl{y Otoireee
Sincerely,
PAT}tER M1K1 WALSM
��'aSemtnary
I
=LORE, Rodney Fernandez x. "Iren Flock
ALZAJ%Kn Executive Director
AM,ft
�Ohr�aid P--c:�j ect Manager
RICHARD MONISM
Mnvmf4 o,v Noma,
E.7IEaLnIV1: DIRC<.TOR
RODNEY c, FERNAND¢
A United wry Ag, ry
12t Ewel HOUtiny . ,a;—w,wr
LTL
A communlry e[x,m c oawlopment �asw,a on ee wg Vona CgVn(y
100 'd S6I 639 308 :131 P,3ll N0�3 01`l1�8d3 9Z :01 (G3A) 36 '3I- '3VW
/I
MOM
lzr
AGENDA REPORT
MOORPARK REDEVELOPMENT AGENCY
�r — 1
TO: Chairman and Members of the Moorpark Redevelopment.
Agency
i
FROM: Steven G. Hayes, Redevelopment Manage.,
DATE: March 21, 1995 (Mtq. 03/22/95)
SUBJECT: Consider Purchase of property located west of
Moorpark Avenue on the north side of High Street -
APN 511 -0- 050 -09 Owned by Kirk Aiken
DISCUSSION•
The Moorpark Redevelopment Agency has received an offer to sell
from Mr. Kirk Aiken the property located west of Moorpark Avenue on
the north side of High Street (see attached map) subject to the
following terms:
1. Sales price at
close of escrow: $1001000
$7.41 per sq. ft.
2. Agency pays for 1/2
escrow fees: $300.00
3. Agency pays for
title fees: $755.00
Escrow to close subject to Agency approval of soils report. The
soils report will cost between $3;500 and $4,500.
FUNDING•
It is suggested that funds for the purchase of this property be
allocated from bond proceeds for future public facilities.
RECOMMENDATION•
Staff recommends that the Moorpark Redevelopment Agency appropriate
$105,555 for the purchase of land from bond proceeds.
SGH252- 03/21/95
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