CDC - Agenda 11-20-07y
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Rosemead
Community
Development
Commission
AGENDA
November 20, 2007
6:00 PM
City Hall Conference Room
8838 E. Valley Boulevard, Rosemead, Caldomia 91770
John Tran; Chairman
John Nunez; Vice-Chairman
Margaret Clark, Commissioner
Polly Low, Commissioner
Gary Taylor, Commissioner
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION November 20, 2007
CALL TO ORDER - 6:00 PM
PLEDGE OF ALLEGIANCE - Commissioner Low
INVOCATION - Commissioner Taylor
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. 2007.23 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.
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 52,497,920. 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.
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.
3. MATTERS FROM THE CHAIRMAN & COMMISSIONERS
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.
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ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
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November 20, 2007
Recommendation: That the Rosemead Community Development Commission approve
the proposal from EDAWIAECOM for the development of a Valley Boulevard vision plan.
B. 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
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.
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.
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ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION November 20; 2007
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.
5. ADJOURNMENT
The next Community Development Commission meeting will take place on
December 11, 2007 at 6:00 pm.
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