HomeMy WebLinkAbout1989-0418_CCv0001.pdf 0096
MINUTES of a regular meeting of the Redevelopment Agency of the City of
Redlands held in the Council Chambers, 212 Brookside Avenue, on
April 18, 1989, at 5:10 P.M.
PRESENT Carole Beswick, Chairman
Barbara C. Wormser, Vice Chairman
Charles G. DeMirjyn, Member
William E. Cunningham, Member
Swen Larson, Member
John E. Holmes, Executive Director
Dallas Holmes, Agency Attorney
Norman McMenemy, Acting Agency Director
Lorrie Poyzer, Agency Secretary
Pamela Fitzsimmons, The Sun
Carolyn Whetzel, Redlands Daily Facts
ABSENT None
Minutes of the regular meeting of April 4, 1989, were approved as
submitted.
Coast Plaza Acting Director McMenemy explained that the previous and current
redevelopers for the Coast Plaza Project have experienced several
impediments to the close of escrow on the property and changes in
the dates for performance within the Disposition and Development
Agreement are necessary. Unfortunately, he reported at the meeting
that the good faith deposit had not yet been made. Therefore the
Agency Board, by unanimous vote, continued the request for approval
of the third amendment to the Disposition and Development Agreement
to May 2, 1989.
Senior Housing Acting Director McMenemy reminded the Agency that HUD has made
Project its firm commitment for funding for the Senior Housing Project;
however, the cost of the requisite governmental processing and
approvals has recently, among other things, increased to such a
degree that Redlands Senior Housing, Inc. finds itself unable to
continue with the project unless cost-saving measures can be
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identified. As discussed at the March 21, 1989, meeting, it was
proposed that the Redevelopment Agency undertake financing the
cost of municipal fees and permits in an amount not to exceed
$549,037.00. The second amendment to the Disposition and
Development Agreement for this project was presented at this time
reflecting this subsidy and on-going commitment. Mr. Cunningham
moved to approve the second Amendment with Redlands Senior
Housing, Inc. dated October 1, 1986 and amended December 20,
1988. Motion seconded by Mr. DeMirjyn and carried unanimously.
There being no further business, the meeting adjourned at 5:15 P.M.
Next regular meeting, May 2, 1989.
ATTEST: Chairman
45cret ry �
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