HomeMy WebLinkAbout1985 - 0604rda_CCv0001.pdf V
There being no further business, the meeting adjourned at 5: 25 P.M.
V Next regular meeting, June 4, 1985.
Chairman, Redevelopment Agency
Attest:
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MINUTES of a regular meeting of the Redevelopment Agency of the City of
Redlands held in the Council Chambers, 212 Brookside Avenue, on
June 4, 1985, at 3: 50 P.M.
PRESENT Carole Beswick, Chairman
Tim Johnson, Vice Chairman
Oddie J. Martinez, Jr. , Member
Richard N. Larsen, Member
John E. Holmes, Executive Director
Derrill Quaschnick, Director
Michael T. Riddell, Agency Attorney
Lorrie Poyzer, Secretary
Laura Wingard, Redlands Daily Facts
Pat Brown, The Sun
ABSENT Charles G. DeMirjyn, Member
Minutes of the regular meeting of the Redevelopment Agency of the
City of Redlands of May 21, 1985, were approved as submitted.
Public Works Director Donnelly explained the revised schedule for
the Phase I improvements..
Director Quaschnick reported that various ideas are being studied
to use the bricks being torn up from the downtown streets. He will
report back what can be done with them as far as public use is
concerned..
Director Quaschnick invited Agency members to the Redevelopment
Bond closing luncheon on Thursday, June 6, 1985.
There being no further business, the Redevelopment Agency meeting
AM adjourned at 4: 10 P.M.
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h Next regular meeting, June 18, 1985.
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Chairman, Redevelopment Agency
ATTEST:
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MINUTES of a regular meeting of the Redevelopment Agency of the City of
Redlands held in the Council Chambers, 212 Brookside Avenue, on
June 18, 1985, at 3:06 P.M.
PRESENT Carole Beswick, Chairman
Tim Johnson, Vice Chairman
Charles G. DeMirjyn, Member
Oddie J. Martinez, Jr. , Member
Richard N. Larsen, Member
t John E. Holmes, Executive Director
Derrill Quaschnick, Director
Dallas Holmes, Agency Attorney
Lorrie Poyzer, City Clerk
Laura Wingard, Redlands Daily Facts
Pat Brown, The Sun.
ABSENT None
Minutes of the regular meeting of the Redevelopment Agency of the
City of Redlands of June 4, 1985, were approved as submitted.
Julius' Deli Director Quaschnick reported the owners of Julius' Deli and staff
have reached a satisfactory conclusion of preliminary discussions for
the terms of a Disposition and Development Agreement (DDA) , but
before proceeding further and expending considerable time and: money
refining project costs and legal documents, approval in concept at
this intermediate step is being requested. The project's financing
was outlined as follows:
50, 000 - Agency costs for facade, off-site utilities and structure
and parcel separation.
$100, 000 - Fixturization and equipment costs (owner's equity: $30,000;
conventional refinancing: $70, 000)
$300, 000 -' Agency loan structured as a function of gross revenues
A Mr. Quaschnick reported the Redevelopment Advisory Commission
recommended that the concept proposed, namely the Agency's
participation in the facade, utilities, and creation of parcel costs,
as well as the concept of the Agency creating low interest rate loans,
are acceptable to the Commission.