M-7/27/1971 (3)
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M I ~IUTES OF THE
REDEVE LOPMErlT AGEllCY
OF THE
CITY OF SANTA MONICA, CALIFORNIA
July 27, 1971
4:30 P.Il.
The Redevelopment Agency of the City of Santa Monica, California, met
in regular session in the City Council Chambers, on July 27, 1971,
at 4:30 P.M.
PRESENT:
B. Thomas 3arnard, Chairman
Clifford Connelly
Ted B. Fach, entered at 4:52 P.Ii.
l. Wayne Harding
Mortimer T. Richey
J. lee Schirnmer
Philip E. Whiting
MEt40ERS:
ADSENT:
ME/IBERS :
None
A lS 0 PRES Et,IT:
Eugene B. Jacobs, General Counsel
Tom Sullivan, Evening Outlook Reporter
Gary G. Jones, Executive Director
May palfrey, Secretary
APPROVAL OF MINUTES:
The minutes of July 13, 1971 were approved
as mailed.
APPROVAL OF WARRANT REGISTERS:
The Director submitted Warrant Registers Nos. 39 thru 41 for
approval, Mr. Harding moved, seconded by Hr. Richey, that Warrant
Registers r,'os. 39 thru 41 be approved as submitted. The Il'otion
carried \"ith the following roll call vote:
AYES:
NOES:
A5SENT:
MEHBERS:
MEMBERS:
MEMBERS:
Barnard, Connelly, Harding, Richey, Schimmer, Whiting
leone
Fach
PROJECT ACTIONS AND REPORTS:
Pacific Ocean Park Project
lease - Parcel F
Agreement of Sale - Parcel ~
The Director submitted the lease on Parcel F and the Agreement of
Sale on Parcel C to the Members for review and consideration, stating
that these documents, if approved by the Agency, would be submitted to
the City Council for its approval at the meeting of July 27th.
tlr. Fach entered at 4:52 P.11.
I"1r. Harding moved, seconded by ~'1r. Schimrr-er. that the Lease on
Parcel F with the City of Santa Monica be approved and that the
Executive Director and the Chairman or Chairman Pro-Tern be authorized
to execute said Lease, with the addition of "Exceptions to Gross
ReceIpts", Section 301, Page 6, and a change in the rental schedule
from monthly to quarterly installments. The motion carried with
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Minutes - ]/27/]1
Page Two
the following roll call vote:
AYES;
PCES:
AG:iEi:T:
MEMBERS: Barnard, Connelly, Fach, Harding, Richey, Schi~mer, Whiting
i:Et'lBERS: None
MEI-iQERS: t.lone
~lr. Richey moved, seconded by 14r. Conne Ily, th3t the meet i n9 be
adjourned to an Executive SessiOn to discuss the Agency1s legal posi-
tion with respect to the Agreement of Sale for Parcel C. The motion
c2rried with a unanimous voice vote. The meeting adjourned at 5:46 P.M.
The meet ing reconvened at 6:00 P.Ii.
I;r. Connelly moved, seconded by 11r. SchiJf,mer, that the Agreeme'1t
of Sale on Parcel C with the City of Santa Monica be approved and that
the Executive Director and the Chairman or Chairman Pro-Tern be authoriz<J
to execute said Agreement. The motion carried with the following roll
ca II vote;
AVES:
~'!)ES :
ABSH:T:
t1EI';SERS: Barnard, Connelly, Fach, Harding, Richey, SchirrfT1er, \,hit. ,
HE/1BERS: None
MW3ERS: None
Mr. Richey moved, seconded by Mr. Fach, that the Chairm2n or
Chairman Pro-Tem and the Executive Director be authorized to execute
the Sublease on Parcel F with the Developer, provided that any further
modifications that are substantive be returned to the Agency for furtr".r
2pp~oval and any matters non-substantive can be approved by the ~e3o-
tiating Corrmittee. The motion carried wilh the following roll call vote:
AYES;
r:OES:
AaSENT:
MEMGERS: narnard. Connelly, Fach, Harding, Richey, Schiwmer, Wh't:~~
r'IElleERS: None
MEMBERS: None
Agency.s Letter of Assurance to Crescent_ Gay Properties
The Director stated that in accordance with Section ]01 of the
Amended Land Disposition Agreement, the Agency must advise the Developer
in writing within three months of the signing of said Agreement that
the Agency has met all requirements and that it is in a 199al position
to sell Parcel C and lease Parcel F to Developer. He stated that the
three-month period would terminate on July 22nd. but that the Developer
had granted the Agency an extension to August 3rd. He added that upon
approval of these documents by the Agency and the City Counci I, a Letter
of Assurance could be sent to the Developer.
iir. Harding moved, seconded by Mr. Schi~mer, that the Executive
Director be author i zed to j ssue a "Letter of Assurance" to the Deve loper
with the approval of Ge~ral Counsel and the Negotiating Co~mittee. 7he
motion carried with the following roll call vote:
AYES;
I"OES:
ABSENT:
I1EI4BERS: Barnard, Connelly, Fach, Harding, Richey, Schirrmer, \lhitin3
NEI1[JERS: None
liEilJERS: None
Mr. Connelly moved, seconded by I1r. Whiting, that the Executive
Director be authorized to notify the Developer of the Agencyls accept-
ance of their extension to August 3rd. with the approval of the
~egotiating Cowmittee. The motion carried with the following roll
call vote:
AVES:
NOES:
ADSEr,IT:
MEMBERS: Barnard, Connelly, Fach. Harding, Richey, Schlrrmer. Whiting
MENBERS: None
MHtBERS: Hone
There being no further business to be brought before the 1',embE'rs.
iir. Richey moved, seconded by Mr. Connelly, that the ~eeting be adjourned.
Tne motion carried with a ur~nimous voice vote. The m 'n9 adjourned at
6: 15 P.M.
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