1983-26 CRA - Laserfiche WebLink

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. he did not anticipate encountering difficulty in obtaining $3.19 per square foot (the appraised price) for the land as soon as the Ci ty assisted with the rezoning: there would be 10 to 15 single-family units per acre: one developer would handle the entire development: the Agency has a list of 70 developers who have expressed interest and that approximately 200 developers would receive the Request for Proposal; any profit on the transaction would go to the Agency. It was then Commissioner Commission: moved Mack by Commissioner Newcomb, seconded by and carried unanimously that the 1. Recommend that the Redevelopment Agency accept the conveyance of the West Reservoir development site from the City for the consideration of $1,235,000, to be paid upon resale of the property by Agency: and authorize the Chairman and Executive Director to execute all necessary documents for acceptance of title. 2, Recommend that the Redevelopment Agency authorize staff to solicit proposals for the residential development of the West Reservoir site. . REMOVAL OF DEBRIS WITHIN THE AMERICAN NATIONAL PROPERTIES PHASE II DEVELOPMENT SITE, ASSESSOR PARCEL NO'S. 002-301-09. 14 & IS The Assistant Director of Redevelopment stated that during the past year unknown persons have been dumping various materials on the subject property. that on May 7, 1983. staff had the property fenced in order to eliminate the dumping, and that this measure has been successful. He added that due to the final alignment of the Broadway Overpass and the impending transfer of the subject property to American National Properties for the second phase of their development. it is now necessary to have this debris removed. After a brief discussion, it was moved by Commissioner Newcomb. seconded by Commissioner Alleman and carried unanimously that the Commission authorize the Executive Director of the Redevelopment Agency to issue a purchase order for the removal of debris located on Assessor Parcel No's. 002-201-09, 14 and IS to the lowest responsive bidder. Hintz wrecking Co., Inc. in the amount of $8,500.00. PROPOSED DIRECT COMMERCIAL LOAN PROGRAM . The Assistant Director of Redevelopment asked the Financial Services Manager to make a brief presentation of staff's posi tion regard ing the proposed Direct Commercial wan Program . The Financial Services Manager pointed out that 9uring the past three years, the Redevelopment Agency, in conjunction with Wells Fargo Bank and the downtown property owners, has implemented a $15.000.000 Commercial Rehabilitation Program involving 29 projects encompassing over 500,000 square feet 6. ft-r¡q 6A