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CDC - Agenda 08-14-070 Public Comment from the Audience • If you wish to address the Commission, please complete a Speaker Request Card, as it must be handed to the Commission Secretary before the start of the meeting. • The Commission will hear public comments on matters not listed on the agenda during the Public Comments from the Audience period. • Opportunity to address the Commission (on non-agenda items) is limited to 3 minutes per speaker. • The Commission will hear public comments on items listed on the agenda during discussion of the matter and prior to a vote. Brown Act Pursuant to provisions of the Brown Act, no action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The Commission may direct staff to investigate and/or schedule certain matters for consideration at a future Commission meeting. Rules of Decorum Persons attending the meeting shall observe rules of propriety, decorum, good conduct, and refrain from impertinent or slanderous remarks. Violation of this rule shall result in such persons being barred from further audience before the governing body. Pursuant to Gov. Code Sect. 54954.3(c), any person who engages in unlawful interference shall be removed from chambers. Americans with Disabilities Act In compliance with the ADA, if you need special assistance to participate in this meeting, please contact the City Clerk's office at least 48 hours prior to the meeting to allow the City to make reasonable arrangements to ensure accessibility to the meeting or service. This agenda was posted 72 hours in advance of the meeting at the City Hall, 8838 E. Valley Boulevard, Rosemead; the L.A. County Library, Rosemead Branch, 8800 E. Valley Boulevard, Rosemead; and other locations pursuant to RMC Sec. 1.08.020 0 Rosemead Community Development Commission AGENDA August 14, 2007 5:30 PM City Hall Conference Room 8838 E. Valley Boulevard, Rosemead, California 91770 John Tran, Chairman John Nunez, Vice-Chairman Margaret Clark, Commissioner Polly Low, Commissioner Gary Taylor, Commissioner • 0 ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION August 14, 2007 • CALL TO ORDER - 5:30 PM • PLEDGE OF ALLEGIANCE - Commissioner Low • INVOCATION - Commissioner Clark • ROLL CALL - Commissioners Clark, Low, Taylor, Vice-Chairman Nunez, Chairman Tran 1. PUBLIC COMMENTS FROM THE AUDIENCE (Community Development Commission matters only) 2. CONSENT CALENDAR A. Resolution No. 2007.14 Claims and Demands Recommendation: Adopt Resolution No. 2007-14 for payment of Commission expenditures in the amount of $13,382.17 demands 8158 through 8165. B. Resolution No. 2007.15 Claims and Demands Recommendation: Adopt Resolution No. 2007-15 for payment of Commission expenditures in the amount of $43,815.23 demands 8171 through 8174. C. Minutes June 12, 2007 - Regular Meeting July 17, 2007 - Regular Meeting D. Approval of Plans and Specifications and Authorization to Seek Bids for Traffic Signal Improvements at Del Mar Avenue and Graves Avenue Plans and specifications have been prepared for traffic signal modifications at Del Mar Avenue and Graves Avenue, to include dedicated left-turn phasing in the north/south direction. The Community Development Commission will consider the approval of the plans and specifications and authorization to advertise for bids. Recommendation: That the Community Development Commission approve the plans and specifications for the Traffic Signal Improvements at Del Mar Avenue and Graves Avenue and authorize advertisement for bids by the Commission Secretary. 3. MATTERS FROM THE CHAIRMAN & COMMISSIONERS A. Community Development Commission Legal Counsel Selection Page 2 of 3 • • ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION August 14, 2007 4. MATTERS FROM THE EXECUTIVE DIRECTOR & STAFF A. Manarino Realty Exclusive Negotiating Agreement On November 28, 2006, the Community Development Commission approved an Exclusive Negotiating Agreement (ENA) with Manarino Realty for the development of the 6-acre site located at the northeast corner of Temple City and Valley Boulevards. The ENA provided an initial six month time period within which the Commission and Mr. Manarino would work to develop a development agreement setting forth the specific terms related to project economics including any proposed subsidy, property acquisition, and the development of the 6-acre site. Based upon the progress made over the initial six month period, Mr. Manarino requested a 45-day extension (which was included in his original ENA with City) to finalize the project deal points before presenting them to the Commission. Over the last 45 days, Mr. Manarino presented staff with a list of deal points that would require the City to take the lead role in property acquisition and included a preliminary project proforma showing a multi-million dollar subsidy from the City to pay for property acquisition and other expenses related to attracting desired retailers, restaurants, and grocery uses to this site. Based on that assessment, staff believes that the high land values and costs of assemblage would make it difficult to complete the project without a large subsidy from the City. While Mr. Manarino has made significant progress over the last several months, staff does not believe that the City is in a financial position to be able to provide a subsidy of that magnitude. Recommendation: That the Community Development Commission allow the ENA between the Commission and Manarino Realty to expire and entertain any new development proposals for the site at the northeast corner of Temple City and Valley Boulevards as they arise. 5. ADJOURNMENT The next Community Development Commission meeting will take place on August 28, 2007 at 6:00 pm. Page 3 of 3