HomeMy WebLinkAbout060199rda_CCv0001.pdf MINUTES of a regular meeting of the Board of Directors of the Redevelopment Agency of
the City of Redlands held in the City Council Chambers, Civic Center, 35 Cajon
Street, at 4:30 P.M. on June 1, 1999.
PRESENT William E. Cunningham, Chairman
Geni A. S. Banda, Vice Chairman
Pat Gilbreath, Member
John L. Freedman, Member
Gary George, Member
Gary M. Luebbers, Executive Director
Daniel J. McHugh, Agency Attorney
Lorrie Poyzer, Agency Secretary
ABSENT None
The minutes of the regular meeting of May 18, 1999, were unanimously
approved as submitted on motion of Mrs. Banda, seconded by Mr. Freedman.
JOINT PUBLIC HEARING - CITY COUNCIL
Resolution No. 290 - Showprop Redlands, LLC. - A joint public hearing of the
Redevelopment Agency and the City Council of the City of Redlands was
advertised for this time and place to consider for the purpose of redevelopment
the sale of certain real property located in the City of Redlands on the
southwest corner of Eureka Street and Oriental Avenue. Executive Director
Luebbers explained the Redevelopment Agency entered into a lease
agreement in 1995 with option to purchase with Showprop Redlands LLC
(Krikorian Theatres) regarding property the theater is using for parking
purposes. Mr. Krikorian has now decided to exercise his right to purchase that
property. The terms for purchase are in accordance with the agreement made
by the Redevelopment Agency and the City Council in 1995 with Mr. Krikorian.
Mark Jensen questioned the improvements and sales price. In accordance
with the lease with option to purchase, Mr. Krikorian is entitled to a credit of
$200,000.00 towards the purchase price for the completion of parking-related
improvements to the property. The Redevelopment Agency will receive
$98,000.00 less escrow and recording fees. Mrs. Banda moved to approve
Resolution No. 290, a resolution of the Redevelopment Agency of the City of
Redlands approving a purchase and sale agreement and escrow instructions
between the Redevelopment Agency of the City of Redlands and Showprop
Redlands, LLC. Motion seconded by Mr. Freedman and carried unanimously.
(Also see City Council minutes for June 1, 1999.)
CLOSED SESSION
The Board of Directors of the Redevelopment Agency meeting recessed at
4:38 P.M. to a closed session to hold conference with its real property
negotiator as follows:
Redevelopment Agency
June 1, 1999
Pagel
1. Property: 609 North Eureka Street-APN 169-151-32
Negotiating parties: Eleanor McGrath and Gary M. Luebbers
Under negotiation: Terms and price
2. Property: 607 North Eureka Street-APN 169-151-16 and 17
Negotiating parties: Leah Reading and Gary M. Luebbers
Under negotiation: Terms and price
3. Property: 507, 515 and 601 North Eureka Street -
APN 169-151-20, 21 and 27
Negotiating parties: David Christensen and Gary M. Luebbers
Under negotiation: Terms and price
ADJOURNMENT
There being no further business, the Board of Directors' meeting of the
Redevelopment Agency adjourned. The next regular meeting will be held on
June 15, 1999.
Secretary
Redevelopment Agency
June 1, 1999
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