M-8/5/1969 (2)
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REDEVELOPMENT AGENCY
OF TH€
CITY OF SANTA MONICA, CALIFORNIA
August S, 1969
4:30 P.M.
The Redevelopment Agency of the City of Santa Monica. california, met in
Special Meeting on August 5, 1969, at 4:30 P.M., In the City Council Chambers.
The Secretary reported that a Notice of Special Meeting had been mailed to
the Members on August I, 1969. as required by Article III, Section 3. of
the By-Laws.
PRESENT:
MEMBERS: J. Lee SchimMer, Chairman
B. Thomas Barnard
Clifford Connelly
Ted Fach
L. Uayne Harding
Mortimer T. Richey
Philip E. Whiting
ABSENT;
MEMBERS: None
ALSO PRESENT:
Arnie Friedman, Evening Outlook Reporter
Eugene B. Jacobs, General Counsel
Jsnn McCloskey, Councilman
J~'~s e. Reidy, Jr., Cccncilm~n
F6~"~~' ~c0-;-=:. :~ ;ty Man~S'et
OWf''1 S 1:' /1,191', At torne} - t. ,;,,: In l"lor aha rt
Staff:
G:-nc-E. llr!1"'_t't .....~.:t~li'J~ I .(--:~_ ,.--Secretary
Gary G. ....~.]()5, Assis~snt Lxecutive Director
May Palfrey, Stenographer
f'.melJd~d Land Di,i5position Agree.ment. - CrE:;;cent Bay Pr~perties
The Secretary stated that on :...;;, 22, 1969 the City Counci I approved
the Amended L'.\nd 0 i spos i t ion Agrea'N'r,t het\,li'en the P€dcv'" ~Qpment Agency
and Crescent Bay Properties and the ~"'<;;<);)3;-JS letter 01 July 17, 1969,
subject to certain conditions which were outlined to the Members. She
stated that the Developer had since replied to the revised offer in a
letter to the Agency dated August 5, 1969. The August 5th letter from
Crescent Oay Properties was then read to the Members and discussion by the
Members followed. Mr. Eugene 3. Jacobs, Agency Generai Counsel, noted
that the principal changes involved the increase of the Developer's deposit
from $210,400 to $500,000 and a reduction in ~he loan amount to the Agency
for demolitiud of the pier. Mr. Jacobs also stated that. under said Letter
Agreement, the Developer would be obligated to purchase and develop any
two parcels from among Parcels 2, 3, 4, Sa and 5b before proceeding with
the development of Parcels C and F. The Members then requested Mr. Perry
Scott, City Manager, to advise the Agency on the reduced cost of demolishing
the pier. Mr. Scott addressed the Agency, stating that in his opinion the
demolition cost would be $150,000 or less on a salvage contract basis.
Discussion followed on the timing of the demolition of the pier as related
to the development of the parcels in Projects I(a) and I(b). Mr. Barnard
expressed his opposition to proceeding with any development prior to demolish-
ing the pier, stating that the pier was an eyesore and a detriment to the
rest of the development.
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Minutes - 8/5/69
Page Two
Mr. Owen Strange, Attorney representing Mr. John Morehart, addressed
the Members, stating that his client was opposed to any highrise develop-
ment on Parcel F of the P.O.P. area. He further indicated that Mr. Morehart
desired immediate demolition of the pier.
Mr. Barnard then introduced a motion which increased the loan amount
shown in the August 5th letter from Crescent Bay Properties for pier demo-
lition from $150,000 to $500,000, and authorized the Executive Director
and Legal Counsel to negotiate with the Developer in an effort to obtain
a minimum $500.000 advance for demolition of the pier. The motion failed
to pass for lack of a second.
The Executive Director and legal Counsel both recommended that the
Agency approve the August 5th letter from Crescent Bay Properties, stating
that in their opinion, this Agreement was consistent with the best interests
of the Agency and the City of Santa Monica. Mr. Harding then moved, seconded
by Mr. Whiting. that the Executive Director be authorized to accept the
letter from Crescent Bay Properties dated August 5. 1969, and to prepare
an Amended Land Disposition Agreement consistent therewith and present it
to the Agency at a formal public hearing after proper notice. The motion
carried with the following roll call vote:
AYES:
NOES:
ABSENT:
MEMBERS:
MEMBERS:
MEMBERS:
Schimmer, Connelly, Fa~h, Harding, Richey, Whiting
Barnard
None
There being no further business to be brought before the Members.
Mr. Richey moved, seconded by Mr. Connelly, that the meeting be adjourned.
The motion carried with a unanimous voice vote. The meeting adjourned at
6:15 P.M.
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