RRA - 09-26-00APPROVED
CITY OF ROSEMEAD
DATE / o co 0
R?'
MINUTES OF THE REGULAR MEETING U (3
ROSEMEAD REDEVELOPMENT AGENCY
SEPTEMBER 26, 2000
The regular meeting of the Rosemead Agency was called to order by Chairman Clark
at 7:20 p.m. in the conference room of City Hall, 8838 E. Valley Boulevard, Rosemead,
California.
The Pledge to the Flag and Invocation were waived as having been completed during the
meeting just adjourned.
ROLL CALL OF OFFICERS:
Present: Agencymembers Bruesch, Vasquez, Taylor, Vice Chairman Imperial, and
Chairman Clark
Absent: None
APPROVAL OF MINUTES: SEPTEMBER 12, 2000 - REGULAR MEETING
MOTION BY AGENCYMEMBER BRUESCH, SECOND BY AGENCYMEMBER
TAYLOR that the Minutes of the Regular Meeting of September 12, 2000, be approved as
submitted. Vote resulted:
Aye: Bruesch,Vasquez, Clark, Imperial, Taylor
No: None
Absent: None
Abstain: None
The Chairman declared said motion duly carried and so ordered.
1. RRA RESOLUTION NO. 2000-24 CLAIMS AND DEMANDS
The following Resolution was presented to the Agency for adoption:
RESOLUTION NO. 2000-24 - CLAIMS AND DEMANDS
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
ROSEMEAD ALLOWING CERTAIN CLAIMS AND DEMANDS IN THE
SUM OF $23,676.71 AND DEMANDS NO. 6083 THROUGH 6098
MOTION BY AGENCYMEMBER BRUESCH, SECOND BY VICE-CHAIRMAN
IMPERIAL that the Agency adopt Resolution No. 2000-24. Vote resulted:
Aye:
Vasquez, Bruesch, Clark, Imperial, Taylor
No:
None
Absent:
None
Abstain:
None
The Chairman declared said motion duly carried and so ordered.
2. ARCHITECT'S PROPOSAL - NEW WATER LINES AT SMALL POOL AT
ROSEMEAD PARK
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MOTION BY AGENCYMEMBER BRUESCH, SECOND BY AGENCYMEMBER
VASQUEZ that the Agency approve the proposal with Rowley International and authorize staff
to go to bid upon the completion of working drawings. Vote resulted:
Aye:
Vasquez, Bruesch, Clark, Imperial, Taylor
No:
Taylor
Absent:
None
Abstain:
None
The Chairman declared said motion duly carried and so ordered
Agencymember Taylor stated that he voted No as City funds should be used of this
project.
3. EATON VILLAGE PRESENTATION - ROBERT McCOY
Frank Tripepi, Executive Director, stated that many items on this project have changed
since Mr. McCoy's presentation before the Agency a few months ago. Mr. Tripepi explained
that the developer now is requesting assistance from Rosemead in the amount of $8.6 million.
Mr. McCoy has indicated that Walmart may be one of the tenants and Sam's Club may be the
other.
James Troyer, Planning Director, City of El Monte, stated that the City of El Monte has
pledged at least 75% of their sales tax, subject to negotiations.
Mr. Tripepi reminded the Agency that when the joint meeting was held, both Agency's
agreed that there would be a 50-50 split on the sales tax, regardless of where the buildings sit.
Mr. Tripepi explained that the City of El Monte is now considering 75% to 100% of their 50%,
and Mr. McCoy has asked our City for 75%. However, Mr. Tripepi continued, he recommends
that our share be 50% of our 50% of the sales tax generated. Mr. Tripepi stated that the duration
of this would be for 20-25 years. Mr. Tripepi stated that when an Agreement is drawn up, he is
recommending that the Agency keep the sales tax at a straight percentage, rather than a fixed
amount.
Agencymember Taylor requested that the five pages the Agency received tonight be
included in the Minutes to prevent any misunderstandings. Mr. Taylor stated that he is not in
favor of anything until he sees the actual agreements, and he does not want the developer to get
the impression that the Agency is in agreement when nothing has been seen yet. Mr. Taylor
continued that he is not concerned with which city gets Walmart as long as there is a clear
understanding that the entire 100% of the sales tax will be divided up 50-50 between the two
cities.
Peter Wallin, Agency Attorney, stated for the record, that until such time there is an
agreement signed between the City of El Monte and the City of Rosemead, and between the
developer and the two cities, there is nothing that the developer can rely on other than the fact
that we're interested. Mr. Wallin continued that the developer has no rights arising out of these
meetings. All the discussion has been what our intention is, and there are no contractual
obligations until we have a signed agreement.
Mr. Tripepi explained that we cannot move ahead and have any agreements unless there
is input from our Agency.
Agencymember Taylor brought up condemnation proceedings as to which properties
would be affected and how many are there.
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Mr. Troyer stated the El Monte Redevelopment Agency, at their September 12, 2000
meeting, agreed conceptually to finance the parking district and to have the authority to use
eminent domain. Mr. Troyer stated that his Agency would look at each individual situation.
Mr. Troyer stated that El Monte is willing to pledge 75% to 100% of their 50% of the sales tax
to retire the debt on the parking facilities.
Mr. Wallin explained that the developer is asking for $8.6 million to build the parking
structure and for Rosemead to pledge 50% to 75% of its sales tax revenue to pay off that debt.
Mr. Tripepi clarified that Rosemead's payment would not exceed 50% of our 50%
sales tax per year.
Vice-Chairman Imperial stated that he agrees with the 50% of our 50%.
MOTION BY VICE-CHAIRMAN IMPERIAL, SECOND BY AGENCYMEMBER
BRUESCH that the Agency direct staff to work with the developer on the parameters as set
during the discussion. Vote resulted:
Aye: Vasquez, Bruesch, Clark, Imperial
No: None
Abstain: Taylor
Absent: None
The Chairman declared said motion duly carried and so ordered.
Agencymember Taylor stated the he voted to Abstain until more information is
forthcoming.
At this time, Robert McCoy, the developer of the project gave his presentation and
updates.
Mr. Tripepi stated for the record that Mr. McCoy has understood all along that he will
pay all costs associated with the eminent domain properties.
Mr. McCoy agreed.
4. MATTERS FROM OFFICIALS - None
5. ORAL COMMUNICATIONS FROM THE AUDIENCE ON
AGENCY MATTERS
Juan Nunez, 2702 Del Mar, Rosemead, asked if the 37.5% of the parking structure cost
required from Rosemead would be paid by the City.
Mr. McCoy, developer, responded that it would be paid by the sales tax generated by
project.
Mr. Nunez asked what happened to "free enterprise" whereby a business either succe(
or failed on their own, and it seems as though the trend now is for businesses to ask cities for
money.
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6. ADJOURNMENT
There being no further action to be taken at this time, the meeting was adjourned at 7:50
p.m. The next regular meeting is scheduled for October 10, 2000, at 7:00 p.m.
Respectfully submitted:
Agency S cretary
APPROVED:
CHAHUAAN
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• Thisi tem included with the Mirates of 9/26/00
ROSEMEAD REDEVELOPMENT AGENCY
Q , 8638 VALLEY BLVD. ROBEMEAD CA 91770 • (818) 266-6671 • Telecopier 8163079216
REDEVELOPMENT AGENCY MEMORANDUNI
FROM: 'EXECUTIVE DIRECTOR
RE: EATON VILLAGE PROJECT UPDATE
DATE: SEPTEMBER 25, 2000
Today, we met with Mr. McCoy, the developer on the proposed
Eaton Village project. As of this time, he has modified his list of
requirements of the Agency in order to make this project viable.
He has reduced his subsidy to $8.6 Million dollars. He is willing
to settle for 50% of our sales tax generated by the proposed center.
He says that El Monte is giving 100% of their sales tax. He says
that there is a good possibility that Walmart may be one of the
tenants, with the possibility of Sam's Club being the other. We
have some issues with that proposal as it relates to parking, but
those can be discussed later. He does require condemnation help
with some of the properties, and he hopes to have a final update by
tomorrow night.
At the conclusion of today's meeting, we asked him for a list of
tenants, which we haven't seen yet and without one, it's very
difficult to put together an accurate Proforma.
Mr. McCoy will be here tomorrow evening with his attorney to
speak to the Agency. _ (([[RR
SEP
26.27
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