M-3/24/1970 (3)
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REDEVELOPMENT AGENCY
OF THE
CITV OF SANTA MONICA, CAlIFOR~/A
March 24, /970
4:30 P.M.
The Redevelopment Agency of the City of Santa Monica, California, met in
regular session in the City Council Chambers, on March 24, 1970, at 4:30 P.M.
PRESENT:
MEMBERS: B. Thomas Barnard, Chairman
Clifford Connelly
Ted Fach, entered at 4:37 P.M.
L. Wayne Harding
Mortimer ~. Richey
J. lee Schimmer
,
ABSENT:
MEMBERS: Philip E. Whitin9
ALSO PRES ENT:
Bud Vaughn, Manager, Santa Monica Shores
John Gray, Financial Consultant
Anne Morgenthaler, Evening Outlook Reporter
Gary G. Jones, Acting Executive Director-Secretary
May Palfrey, Stenographer
APPROVAL OF MINUTES:
The minutes of March 10, 1970 were approved as
mailed.
APPROVAL,PF BILLS:
The Acting Secretary reviewed the consultant
contract bills as follows:
~arry L. Nourse Audit Company.
. $794.00
. . PtOOO.pg
TOTAL B I US. .
. _~3,794.0,O
Ashton Associates. .
Mr. Fach entered at 4:37 P.M.
The Acting Secretary also reviewed the accounts payable items for the
period ending March 24, 1970. Discussion followed. Mr. Harding moved,
seconded by Mr. Connelly, that the bills and the accounts payable items
be approved for payment. with the exception of the $3,000.00 transfer to
the Revolving Fund from the l(a) Project funds, and that the payment on
the bill from Ashton Associates be withheld until funds from the Amendatory
Application for Loan and Grant for Project l(b) had been received. The
motion carried with the following roll call vote:
AYES:
~.OES :
ABSENT:
Barnard, Connelly, Fach, Harding, Richey, Schimmer
None
Whiting
MEMBERS:
MEMBERS:
MEMBERS:
PRO~EqAC.l.IONS AND REPORTS:
Project I (a):
Santa Monica Shores Repor~
The Acting Secretary invited Mr. Bud Vaughn, Manager of Santa Monica
Shores, to report to the Members on the status of activities and management
operations of the apartment complexes. Mr. Vaughn stated that to date the
occupancy rate had reached an all-time high of 93.1%. as compared to 84%
one year ago. He also noted that ser:urity had been increased by eliminating
or
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Minutes - 3/24/70
Page Two
all points of unauthorized access to the Project and by improving operational
methods of the security force. He added that the hallways and lobbys in
both apartment structures had been recently redecorated and that exterior
landscaping improvements were underway at present.
GENERAL:
Resolution Regardin9 Proposed Pacific Coast State Freeway Route
Mr. Harding noted that the Agency's purpose in approving a resolution
regarding the proposed Pacific Coast Freeway Route was simply to determine
if the route was beneficial to the Ocean Park Redevelopment Projects. He
then moved, seconded by Mr. Connelly, that Resolution ~'o. 288 (R.A,S.),
"A RESOLUTION OF THE REDEVELOPMEtJT AGENCY OF THE CITY OF SM'TA MOr-IICA, CALI-
fORNIA, REGAROlrG A PROPOSED STATE FREEWAY", be approved as read. The motion
carried with the following roll call vote:
AVES:
NOES:
ABSH'T:
MEMBERS:
MEMBERS:
MEMBERS:
Barnard, Connelly, Fach. Harding. Richey, Schimmer
~Ione
Whiting
COMMITTEE REPORTS:
Ne~otiatin~ Committee:
The Chairman stated that the Reuse Appraisal report on the remaining
parcels in the Ocean Park Projects I{a) and I(b) had been completed by
Ashton Associates. He indicated that. according to the report, the average
fair unit value of the five remaining parcels in the Projects considered
as a whole is $5.00 per square foot. He stated that the report had been
forwarded to the Dept. of Housing and Urban Development with the request
for an early review and concurrence of the appraisal findings. The Members
of the Negotiating Committee were advised that Crescent Bay Properties
had requested a meeting to discuss the revised Amended Land Disposition
Agreement and the new appraisal results on the following Tuesday, March 31st.
The Committee Members agreed to the meeting time and instructed the Acting
Secretary to so advise Crescent Bay Properties.
Personnel Committee:
Mr. Connelly reported that the ad in the Journal of Housin9 for
Executive Director was expected to be published this week and that the
date for acceptance of applications had been moved forward to the end of
April due to the delayed publication schedule of the Journal.
Assembly Bill 325 - Disclosure of Assets
Assembly Bill 325 on Disclosure of ASSets was discussed at length by
those Members present. It was decided by the Members to defer any action
individually or collectively with respect to taking a position of official
opposition until further discussion could be held. Adjournment of the
meeting at the conclusion of all Agency business on this agenda date
until Tuesday, March 31st, for the purpose of continued review of this
item was agreed to by the Members.
Computer Analysis
Mr. John Gray reported that Development Research Associates was still
in the process of performing a computer analysis on the Projects and that
he and Mr. Jacobs planned to meet with them in the near future to review
their preliminary findings. The Chairman requested that Mr. Gray, together
with the Acting Secretary, prepare an analysis of the Agency's financial
position as affected by the proposed revisions to the Amended Land Disposi-
tion Agreement.
There being no further business to be brought before the Members,
Mr. Richey moved, seconded by Mr, Schimmer, that the meeting be adjourned
to Tuesday, March 31. 1970, at 4:30 P.M., in the City Council Chambers.
The motion carried with a unanimous voice vote. The g adjourned
at 5:32 P.M.
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