HomeMy WebLinkAboutAG 2000 0405 RDA REG* J ESTABLISHED
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ANNOTATED
MOORPARK REDEVELOPMENT AGENCY
REGULAR MEETING AGENDA
WEDNESDAY, APRIL 5, 2000
6:30 P.M.
Moorpark Community Center 799 Moorpark Avenue
1. CALL TO ORDER:
7:07 P.M.
2. ROLL CALL:
AGENCYME BERS EVANS, HARPER, RODGERS, WOZNIAK, AND CHAIR HUNTER.
3. PUBLIC COMMENT: NONE.
4. PRESENTATION /ACTION /DISCUSSION:
A. Consider Report on the Disposition and Development
Agreement (DDA) with Cabrillo Economic Development
Corporation (CEDC). Staff Recommendation: Amend Disposition
and Development Agreement (DDA) to reflect requested
changes in the project schedule and identified concerns,
including the following: 1) Require lottery drawing for
selection of low and very low income buyers; 2) Require all
affordable units to be restricted to low or very low income
households for thirty (30) years or until the year 2032,
whichever is later; 3) Require final language of the
following to be subject to approval by Executive Director
and Agency Counsel, in order to protect the Agency's
interest in the site and in this project: (A) Construction
loan documents (Item 41 in this report); (B) Any and all
subordination agreements that may be developed for this
project (Item #2 in this report); (C) All loan documents
and associated documents as itemized below for the purchase
of the property by CEDC: (i.) escrow instructions, (ii.)
title insurance policy, (iii.) promissory note; (D) All
- loan documents as itemized below for the purchase of the
affordable units by eligible low income buyers: (i.)
promissory note, (ii.) deed of trust, (iii.) resale
restriction agreement; 4) As part of the amended DDA,
require interest accrual to be effective April 1, 2000, on
the purchase price of the site.
Redevelopment
April 5, 2000
Page 2
Agency Agenda
4. PRESENTATION /ACTION /DISCUSSION: (continued)
5
N.
APPROVED STAFF RECOMMENDATIONS
STAFF RECOMMENDATION NO. 1 AND
REVISED SCHEDULE SHOULD BE ADOP
MOORPARK RESIDENCY IS REQUIRED;
DEVELOPMENT (HUD) DEFINITION FOR
BE USED.
CONSENT CALENDAR:
WITH REVISION TO DELETE
DETERMINED THAT: (1) A
TED; (2) A DEFINITION OF
AND (3) HOUSING AND URBAN
FIRST TIME HOME BUYER TO
A. Consider Approval of Minutes of Regular Redevelopment
Agency Meeting of January 5, 2000.
Consider Approval of Minutes of Regular Redevelopment
Agency Meeting of January 19, 2000.
Consider Approval of Minutes of Regular Redevelopment
Agency Meetinq of February 16, 2000.
Staff Recommendation
APPROVED.
CLOSED SESSION:
Approve minutes as processed.
A. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION
Significant exposure to litigation pursuant to Subdivision
(b) of Section 54956.9 of the Government Code: (Number of
cases to be discussed - 4)
B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION
Initiation of litigation pursuant to Subdivision (c) of
Section 54956.9 of the Government Code: (Number of cases to
be discussed - 4)
C. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Pursuant to Government Code Section 54956.8)
Property: 285 High Street, Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the City
of Moorpark and Randall - Tracy Marsh
Under Negotiation: Price and terms of payment
Property: 297 High Street, Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the City
of Moorpark and Randall - Tracy E. Marsh
Under Negotiation: Price and terms of payment
7. ADJOURNMENT: 9:10 P.M.