HomeMy WebLinkAbout09/03/1985
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MINUTES
SPECIAL MEETING
COMMUNITY REDEVELOPMENT AGENCY
SEPTEMBER 3, 1985
The Special Meeting of the Community Redevelopment Agency of the
City of Santa Ana was called to order by Chairman Griset at 5:35
P.M. in Room 147 of the City Council Chambers, 22 Civic Center
Plaza, Santa Ana, California. The roll was called:
PRESENT
ABSENT
John Acosta
Daniel Griset, Chairman
Wilson Hart
P. Lee Johnson, Vice Chairman
Robert Luxembourger
Patricia McGuigan
Dan Young
UNION OIL: 2031 E. EDINGER AVENUE (A.P.N. 402-101-23)
Staff stated that the property located at 2031 E. Edinger Avenue
(A.P.N. 402-101-23) contained 22,800 square feet of land
which was appraised at $10 per square foot by the Agency
appraisal and $17 per square foot by the Union Oil appraisal.
Staff then cited the following statistics:
Agency Appraised Value (Offer)
$440,000 = Land
12,370 = Fixtures
$452,470 = Total
Final Settlement Amount
(say)$452,500
+ $ 39,120 = Additional Settlement
$491,590 = (8.5% over appraisal)
It was then moved by Mr. Hart, seconded by Chairman Griset and
carried unanimously (5:0) that 2031 E. Edinger Avenue (A.P.N.
402-101-23) be acquired from Union Oil for an amount not to
exceed $491,590.00
ERICKSON PROPERTIES:
1609 E. EDINGER (A.P.N. 402-101-16)
Staff made the following report to the Agency:
Agency to purchase
Agency to sell
Difference
19,190.0 sq.ft. = $163,115.00
14,997.9 sq.ft. = $127,482.50
4,192.1 sq.ft. = $ 35,632.50
Staff pointed out that Erickson was to reimburse the Agency through
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escrow in the amount of $20,262.50 for cost of work to be completed
by the Agency as follows:
Paving - 14,000 sq.ft. @ $1.25 = $17,500.00
6" concrete curb = $ 2,762.50
Staff stated further that the net payment due to Erickson would
be $15,370.00.
It was then moved by Mr. Acosta, seconded by Vice Chairman Johnson
and carried unanimously (5:0) that 1609 E. Edinger (A.P.N.
402-101-26) be acquired from Erickson Properties for an amount not to
exceed $15,370.00.
SALVATION ARMY - A-9 SITE (410-430 E. 4TH ST. - A.P.N.
398-507-01,02 & 03) AND A-I0 SITE (207 N. FRENCH ST. - A.P.N.
398-508-01,02,03,04,05,07,09,10 & 11)
Staff gave the following information regarding the A-9 and A-lO
Sites:
Appraised value
Land Appreciation to date
$2,744,255
+ 238,000
$2,982,255
Final Settlement Amount
$3,083,750 (3% over appraisal)
It was then moved by Mr. Hart, seconded by Vice Chairman Johnson and
carried unanimously (5:0) that the Agency acquire the Salvation Army
property in the A-9 and A-lO Sites for an amount not to exceed
$3,083,750.
Staff then advised the Agency of the following negotiations:
The "As-Is" building at 410 E. 3rd Street (A.P.N. 398-482-30) had
an appraised value of $526,750. The Agency will give a note to the
Salvation Army for 100% of the value at 10% interest for 2 years,
and the Salvation Army is to occupy the building for a maximum of
18 months, rent free.
It was moved by Mr. Hart, seconded by Vice Chairman Johnson and carried
unanimously (5:0) that the Agency authorize the Chairman and the
Executive Director to sign a note to the Salvation Army for not more
than $526,570.00 at 10% interest for 2 years, and give the Salvation
Army the right to occupy the building for a maximum of 18 months, rent
free.
ADJOURNMENT
There being no further business to come before the Agency, the
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meeting was adjourned at 11:30 P.M.
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Daniel E. Griset
Chairman
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Executive Director
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