CDC - 11-20-07• •
Minutes of the Special Meeting
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
November 20, 2007
Chairman Tran called the special meeting of the Rosemead Community Development
Commission to order at 6:05 p.m. in the conference room of City Hall, at 8838 E. Valley
Boulevard, Rosemead, California. The pledge to the flag was led by Commissioner
Taylor and Commissioner Low led the invocation.
ROLL CALL OF OFFICERS:
Present: Commissioners Clark, Low, Taylor
Vice-Chairman Nunez, Chairman Tran
Absent: None
1. PUBLIC COMMENTS FROM THE AUDIENCE - None
2. CONSENT CALENDAR
A. Resolution No. 2007-23 Claims and Demands
Recommendation: Adopt Resolution No. 2007-23 for payment of Commission
expenditures in the amount of $46,144.72 demands no. 8183 through 8186 and 9311
through 9315.
After discussion, Vice-Chairman Nunez made a motion, with a second by Commissioner Low to
approve Resolution No. 2007-23 for payment of Commission expenditures in the amount of $46,144.72
demands no. 8183 through 8186 and 9311 through 9315. Vote resulted:
Yes: Clark, Low, Nunez, Taylor, Tran
No: None
Abstain: None
Absent: None
B. Recommended Terms to be used in a Promissory Note Payable to the City for
an Advance Made by the City to RCDC on September 28, 2007 and a
Recommendation to Execute the Promissory Note
On June 12, 2007 the Rosemead Community Development Commission ("RCDC") held a
special budget meeting. At that meeting, by a unanimous vote, the RCDC Commissioners
approved the budget which includes a transfer from the City's General Fund to the RCDC
Project Area No. 1 Capital Projects Fund of $2,497,920. A Promissory Note ("Note") is
also necessary to complete this transaction. This report is to present to the Commission,
for review, the terms to be considered for use in the attached Note and to recommend its
execution by the Commission Chairman.
Rosemead Community Development Commission
Minutes of the Special Meeting - November 20, 2007
Page I of 4
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Recommendation: That the Commission:
(1) Approve the terms listed to be used in the Note made by the RCDC.
(2) Direct the Commission Chairman to execute the Note.
After discussion, Vice-Chairman Nunez made a motion, with a second by Commissioner Low to
approve the terms listed in the Staff Report to be used in the Note made by the RCDC and to direct the
Commission Chairman to execute the Note. Vote resulted:
Yes: Low, Nunez, Tran
No: Clark
Abstain: Taylor
Absent: None
3. MATTERS FROM THE CHAIRMAN & COMMISSIONERS - None
4. MATTERS FROM THE EXECUTIVE DIRECTOR & STAFF
A. Valley Boulevard Vision Plan
On April 27, 2007, the City Council and staff attended an all day strategic planning retreat
at the Double Tree Hotel in Rosemead. During this event, the City Council and staff
identified specific goals and objectives to be implemented over the next several months.
One of the major goals was to improve economic development along Valley Boulevard. In
an effort to achieve this goal, the Council requested that a downtown vision or specific plan
be prepared for Valley Boulevard. Later, as part of the 2007-2008 CDC Budget, funds
were budgeted and approved for this initiative.
Recommendation: That the Rosemead Community Development Commission approve
the proposal from EDAW/AECOM for the development of a Valley Boulevard vision plan.
After discussion, Vice-Chairman Nunez made a motion with a second by Commissioner Low to
approve the proposal from EDAW/AECOM for the development of a Valley Boulevard vision plan. Vote
resulted:
Yes: Clark, Low, Nunez, Taylor, Tran
No: None
Abstain: None
Absent: None
Project Area Merger Proposal
Currently, California Redevelopment Law allows for cities that currently have more than
one active redevelopment project area to be able to merge these areas into one. The
benefit of merging project areas is the ability to spend tax increment funds generated in
Rosemead Community Development Commission
Minutes of the Special Meeting - November 20, 2007
Page 2 of 4
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one area in another. In the City of Rosemead, this would allow tax exempt bond proceeds
as well as tax increment generated project Area No. 1 to be spent in Project Area
No. 2 for various capital improvement projects like street rehabilitation, public facilities
renovations, etc.
As part of the 2007-2008 CDC Budget, the Commission approved funding for the purpose
of merging our two (2) redevelopment project areas. Staff has solicited proposals from
reputable redevelopment consulting firms specializing in project area mergers and
received responses from Urban Futures, Inc. and Keyser Marston Associates, Inc. Based
upon previous relevant experience, thoroughness of the response, and overall price, staff
is recommending that Urban Futures be selected to perform the project area merger.
Recommendation: That the Community Development Commission enter into a
professional services agreement with Urban Futures Incorporated in the amount of
$135,000 for redevelopment consulting services.
After discussion, Vice-Chairman Nunez made a motion, with a second by Commissioner Low to enter
into a professional services agreement with Urban Futures Incorporated in the amount of $135,000 for
redevelopment consulting services. Vote resulted:
Yes: Clark, Low, Nunez, Taylor, Tran
No: None
Absent: None
Abstain: None
C. Update on Status of Development Site at the Southwest Corner of Rosemead
Boulevard and Glendon Way
On July 17, 2007, the Rosemead Community Development Commission ("CDC") approved
the development of an Exclusive Negotiating Agreement (ENA) with Primestor
Development, Inc. for the development of an 8.5-acre site located on the southwest corner
of Rosemead Boulevard and Glendon Way. Staff has worked with the CDC's legal counsel
and the developer to draft an ENA which is acceptable to the City and developer.
Highlights of the ENA include:
• . Initial negotiation period of 360 calendar days, subject to two (2) 180 calendar
days extension periods based on Primestor's performance.
• Commission will complete the Owner Participation process as soon as staff
receives a more detailed project description from Primestor.
• Primestor will be responsible for conducting all tests, investigations, surveys
inquiries and due diligence, at no Commission expense, to determine if the
site is suitable and appropriate for construction.
• The ENA includes a proposed Schedule of Performance that would be a
trigger for deadlines during the negotiation period.
Rosemead Community Development Commission
Minutes of the Special Meeting - November 20, 2007
Page 3 of 4
Recommendation: That the Commission approve the Exclusive Negotiating Agreement
between the Rosemead Community Development Commission and Primestor
Development for the development of a proposed project on the southwest corner of
Rosemead Boulevard and Glendon Way.
After discussion, Commissioner Clark made a motion with a second by Commissioner Taylor to
postpone taking action on this item for two weeks, in order to allow Primestor and city staff to work out
details of a 6 month ENA. Vote resulted:
Yes: Clark, Taylor
No: Low, Nunez, Tran
Abstain: None
Absent: None
After discussion, Chairman Tran made a motion with a second by Commissioner Low to not accept the
recommendation. Vote resulted:
Yes: Low, Nunez, Tran
No: Clark, Taylor
Abstain: None
Absent: None
5. ADJOURNMENT
The meeting adjourned at 7:00 pm. The next Community Development Commission meeting will take place,
on December 11, 2007 at 6:00 pm.
Respectfully submitted:
C a
COMMISSION SECRETARY
Rosemead Community Development Commission
Minutes of the Special Meeting - November 20, 2007
Page 4 of 4
APPROVED:
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD 1
I, Gloria Molleda, Commission Secretary for the City of Rosemead, do hereby
certify that the minutes from November 20, 2007, were duly and regularly approved and
adopted by the Rosemead Community Development Commission on the 8th of January,
2008, by the following vote to wit:
Yes: Clark, Low, Nunez, Taylor, Tran
No: None
Abstain: None
Absent: None
Gloria Molleda
Commission Secretary