CDC - Item 2A - Minutes 10-28-08Minutes of the
Community Development Commission Meeting
October 28, 2008
Chairman Tran called the regular meeting of the Rosemead Community Development Commission
to order at 6:00 p.m. in the City Hall Chamber, 8838 E. Valley Blvd, Rosemead, California 91770.
FLAG SALUTE: Vice Chairman Nunez
INVOCATION: Commissioner Clark
ROLL CALL OF OFFICERS PRESENT: Chairman Tran, Vice-ChhairmamNdhez, Commissioner
Low, Commissioner Taylor, Commissioner Clark
OFFICIALS PRESENT: Executive Director Chi, AgenoyAttorneyMontes, Assistant CityManager
Saeki, Assistant City Manager Hawkesworth, Director of Finance'Brisco, Public Affairs Manager
Flores, Director of Parks and Recreation Montgomery-Scott,' Economic Development Administrator
Ramirez, and Commission Secretary Molleda.
1. PUBLIC COMMENTS FROM THE
Marlene Shinen -
2. PRESENT
the red flags; located by
Represbntative from CDM and Geocentric.presented a power point presentation to the
Commssion•and informed them of the ells that will be installed throughout the City of Rosemead.
3. CONS T CLENDAR
A. AMinu\~
September 9, 2008 - Regular Meeting
Commissioner Taylor made a motion, seconded by Vice-Chairman Nunez, to approve the
Minutes of September 9, 2008. Vote resulted in:
Yes: Clark, Low, Nunez, Taylor, Tran
No: None
Abstain: None
Absent: None
Rosemead Community Development Commission ITEM NO.
Minutes of October 28, 2008
Page I of 4
The minutes of September 23, 2008 were deferred to the next Community Commission
Development meeting.
B. Resolution No. 2008.31 Claims and Demands
Recommendation: Adopt Resolution No. 2008-31 for payment of Commission
expenditures in the amount of $2,363,259.11 demands Nos. 9949 through 9950
and 11045 through 11046.
Vice-Chairman Nunez made a motion, seconded by CommissionCLow,:to approve
Resolution No. 2008-31. Vote resulted in:
Yes: Clark, Low, Nunez, Tran
No: None
Abstain: Taylor
Absent: None
4. MATTERS FROM THE CHAIRMAN &
5. MATTERS FROM THE EXECUTIVE DIRECTOR & STAFF
A. 1515 Walnut Grove
The City Was recently contacted,by Jim McCann of the law firm of Wilson, Sonsini,
Goodrich & Rosati in Palo Alto, California, who is representing the property owner
of the Countrywide building located\at;1515 Walnut Grove Avenue. According to
Mr. McCann,-theproperty.is currently'in the process of being refinanced. During
thisprocess, it was discovered that in 1979 the Rosemead Redevelopment
Agency`(how the•Community Development Commission) entered into a
Disposition,and Development Agreement (DDA) with the property owner. The
details of the DDA ar4hclear as a copy of the document cannot be found by the
property owner~or the City. Since the DDA is referenced in the Grant Deed,
refinancing the;property cannot take place unless that language is removed by the
Mr. McCann is now requesting that the Commission consider removing the DDA
obligations from title. This can be accomplished through the quitclaim process.
Escrow is scheduled to close on November 4, 2008 and is contingent upon the
removal of this language.
Recommendation: That the Community Development Commission authorize the
Executive Director to execute a Quitclaim of the Commission's interest in the
property located at 1515 Walnut Grove Avenue.
Rosemead Community Development Commission
Minutes of October 28, 2008
Page 2 of 4
Vice-Chairman Nunez made a motion, seconded by Commissioner Low, to authorize the
Executive Director to execute a Quitclaim of the Commission's interest in the property
located at 1515 Walnut Grove Avenue and include the amendment. Vote resulted in:
Yes: Clark, Low, Nunez, Taylor, Tran
No: None
Abstain: None
Absent: None
B. Pham Parcel Purchase
On October 14, 2008, the Community Dev
to finalize the purchase of the purchase of
Avenue for $3.855 million as part of the GI
If it continues to be the intent of the Con
the Commission must approve the,purcl
Resolutions No. CDC 2008-32 and Res
CDC 2008-32 approves the promissory
Commission for a $3.055 million loan to
Council approval. The $800,000 differe
increment dollars. Resolution No. CDC
the purchase of the property.
That the
ant' Commission authorized staff
am\Rarcel located at 3520 Ivar
Way redevelopment project.
S
to purchase the Pham property,
on CDC 008-33. Resolution No.
i between the City and the
chase the property pending City
will be paid with unrestricted tax
8-33 appropriates $3.855 million for
Commission take the
1. Approve the-purchase andsale agreement; 11
2-\Adopt Reslutibn-No. CDC 2008-32 approving the promissory note
between,the•City and Commission for a $3.055 million loan to purchase
3. Adopt'Resolutiori No. CDC 2008-33 which appropriates $3.855 million for
the purchase of the property.
Vice-Chairman Nunez made a motion, seconded by Commissioner Low, approve staff's
recommendations\Vote resulted in:
Yes: Low, Nunez, Tran
No: Clark, Taylor
Abstain: None
Absent: None
Rosemead Community Development Commission
Minutes of October 28, 2008
Page 3 of 4
6. ADJOURNMENT
The Community Development Commission meeting adjourned at 7:03 pm. The next
Community Development Commission meeting will take place on November 18, 2008 at 6:00
Pm.
John Tran
Chairman
ATTEST:
Gloi
Rosemead Community Development Commission
Minutes of October 28, 2008
Page 4 of 4