CDC - Item 2A - Minutes 10-28-08•
•
Minutes 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-Chairman Nunez, Commissioner
Low, Commissioner Taylor, Commissioner Clark
OFFICIALS PRESENT: Executive Director Chi, Agency Attorney Montes, Assistant City Manager
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 AUDIENCE
Marlene Shinen - asked regarding flags that are located by the Wal-Mart.
2. PRESENTATION
• EPA Mandated Projects
Representative from CDM and Geocentric presented to the Commission a power point
presentation in regards to the wells that will be installed through out the City of Rosemead.
3. CONSENT CALENDAR
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 Commissioner Low, to approve
Resolution No. 2008.31. Vote resulted in:
Rosemead Community Development Commission
Minutes of October 28, 2008
Page 1 of 4
ITEM NO. 2- N
-
• 0
Yes: Clark, Low, Nunez, Taylor, Tran
No: None •
Abstain: None
Absent: None
A. i Minutes
September 23, 2008 - Regular Meeting
Vice-Chairman Nunez made a motion, seconded by Commissioner Low, to approve the
Minutes of September 23, 2008. Vote resulted in:
~O
Yes: Low, Nunez, Tran
No: Clark, Taylor
Abstain: None
Absent: None
The minutes of September 9, 2008 were deferred to the next Community Commission
Development meeting.
4. MATTERS FROM THE CHAIRMAN & COMMISSIONERS
5. MATTERS FROM THE EXECUTIVE DIRECTOR & STAFF •
A. 1515 Walnut Grove (Countrywide Building)
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, the property is currently in the process of being refinanced. During
this process, it was discovered that in 1979 the Rosemead Redevelopment
Agency (now the Community Development Commission) entered into a
Disposition and Development Agreement (DDA) with the property owner. The
details of the DDA are unclear 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
commission.
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.
•
Rosemead Community Development Commission
Minutes of October 28, 2008
Page 2 of 4
•
•
• 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.
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 Development Commission authorized staff
to finalize the purchase of the purchase of the Pham Parcel located at 3520 Ivar
Avenue for $3.855 million as part of the Glendon Way redevelopment project.
If it continues to be the intent of the Commission to purchase the Pham property,
the Commission must approve the purchase and sale agreement and adopt
Resolutions No. CDC 2008-32 and Resolution CDC 2008-33. Resolution No.
• CDC 2008-32 approves the promissory note between the City and the
Commission for a $3.055 million loan to purchase the property pending City,
Council approval. The $800,000 difference will be paid with unrestricted tax
increment dollars. Resolution No. CDC 2008-33 appropriates $3.855 million for
the purchase of the property.
Recommendation: That the Community Development Commission take the
following actions:
1. Approve the purchase and sale agreement;
2. Adopt Resolution No. CDC 2008-32 approving the promissory note
between the City and Commission for a $3.055 million loan to purchase
the property;
3. Adopt Resolution 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:
Gloria Molleda, Commission Secretary
•
u
Rosemead Community Development Commission
Minutes of October 28, 2008
Page 4 of 4