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M-5/27/1969 . . . . . REDEVELOPMENT AGENCY OF THE CITV OF SANTA MONICA, CALIFORNIA May 27, 1969 4:30 P.M. The Redevelopment Agency of the City of Santa Monica, California, met in adjourned regular session in the City Council Chambers, on May 27, 1969, at 4:30 P.M. The Secretary reported that a Notice of Adjournment was posted on the Council Chamber door on May 21, 1969 and that the affidavit of posting was on file in the offices of the Redevelopment Agency. PRESENT: J. lee Schimmet, Chairman Ted Fach Mortimer T. Richey Philip E. Whiting MEMBERS: ABSENT: B. Thomas Barnard Clifford Conne]ly l. Wayne Harding MEMBERS: Eugene B. Jacobs, General Counsel Ed Moosbrugger, Evening Outlook Reporter Ray Ripton, Los Angeles Times Reporter Grace Thomas, Executive Director-Secretary Gary G. Jones, Assistant Executive Director May Palfrey, Stenographer The Secretary stated that on April ]5, 1969, the Agency Members authorized the Executive Director to receive and process an Amended Land Disposition Agreement submitted by Crescent Bay Properties for the Ocean Park Projects I(a) and I(b) and that since that time, copies of said executed Amended Land Disposition Agreement and the Redeveloperts Statement for Public Disclosure have been available for public review in the offices of the Redevelopment Agency, as required by law. She then introduced Hr. R. Gregg Anderson and Mr. Richard H. Hadley, both representing Cresc~nt Bay Properties. ALSO PRESENT: Mr. Hadley then presented concept drawings of the proposed development of the Ocean Park Projects I(a) and I(b) by Crescent Bay Properties and answered questions of the Agency Members regarding the plans. The Chairman declared the public hearing on the proposed sale of rea' property In the Ocesn Park projects I(a) and I(b) open and invited anyone from the audience desiring to speak to do so. The following persons ad- dressed the Agency during the course of the public hearing: Mrs. Tomas~llo, 146 Hart Avenue, Santa Monica property owner Paul Ramadan, Vista worker, Ocean Park Community Center Sylvia Dooseman, Santa Monica property owner Edward Rafeedie, Attorney, speaking as Santa Monica resident John Morehart, President of Santa Monica Bay Village, Inc. Joseph Coomes, Attorney for John Morehart Owen Strange, Attorney for John Morehart Harry Templeton, Attorney for fraser's Million Dollar Pier Corporation . . . . . Minutes - 5/27/69 Page Two Bob Keefer, Bob Keefer Chevrolet, Santa Monica John Simpson, 3611 Motor, Los Angeles, Venice Developer AI Skarupa, Real Estate Appraiser, Santa Monica resident Ron Pengtlly, Attorney for Crescent Bay Properties Gertrude Abrams, 126 Wadsworth, Santa Monica property owner Mr. Morehart requested that his letter and accompanying proposal for development to the Agency, dated May 27, 1969, be read Into the records by his Attorney, Mr. Owen Strange. Discussion followed, in which Hr. Morehart reiterated the main points outlined in his letter regarding his desire to demolIsh the pier and develop the P,O.P. property. There being no other persons desIring to speak at that time, the Chairman declared the public hearing closed at 5:58 P.M. The adjourned regular session continued, with Mr. Jacobs stating that crescent Bay Properties was willing to proceed with the present Amended Redevelopment Plan for Parcel 3. using highrlse development, whereas Mr. Morehart's proposal envisioned garden-type apartment development for Parcel 3, at a lower land price and with considerably less tax increments. He also pointed out that the 45-day period for review and approval of the proposed Amended land Disposition Agreement submitted by Crescent Bay Properties would terminate on Friday, May 30, and, therefore, recommended the adoption of Resolution No. 275 (R,A.S,), authorizing the Executive Director to enter into an Amended Land Disposition Agreement with Crescent Bay Properties, a joint venture, and to approve and consent to an assignment from Kern County Land Company to Crescent Bay Properties of the Land Disposition Agreement dated September 4, 1962, and recommended its adoption, subject to the approval by the City Council and the Department of Housing and urban Development. Mr. Richey moved, seconded by Mr. \.Jhiting, that action on this matter be deferred due to the absence of three of the Agency Members until Thursday, May 29, 1969, at 2:00 P.M., in the City Council Chambers. The motion carried with the following roll call vote: AYES: NOES: ABSENT: MEMBERS: MEMBERS: MEMBERS: Schimmer, Fach, Richey, Uhiting None Darnard, Connelly, Harding The meeting adjourned at 6:15 P,M. L~ Grace Thomas Secretary mp