BURBANK REDEVELOPMENT AGENCY
Tuesday, January 11, 2005
AGENDA
CITY COUNCIL CHAMBER - 275 EAST OLIVE AVENUE
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5:00 P.M. CLOSED SESSION IN CITY HALL BASEMENT LUNCH ROOM/CONFERENCE ROOM:
Conference with Legal Counsel � Existing Litigation:
Pursuant to Govt. Code �54956.9(a)
Name of Case: Redevelopment Agency of the City of Burbank v. Cinnabar Inc.
Case No.: EC039844
Brief description and nature of case: Breach of contract.
When the Agency reconvenes in open session, the Agency may make any required disclosures regarding actions taken in Closed Session or adopt any appropriate resolutions concerning this matter.
6:30 P.M.
INVOCATION:
The Courts have concluded that sectarian prayer as part of City Council meetings is not permitted under the Constitution.
FLAG SALUTE:
ROLL CALL:
JOINT MEETING WITH THE CITY COUNCIL:
1. Discussion of Loans for Non-Profit Organizations:
Pursuant to a request by Mayor Marsha Ramos at the November 2, 2004 Council meeting, the purpose of this report is to provide the Redevelopment Agency Board and Council information to discuss a low-interest loan program for local community-based non-profit organizations to purchase or build new facilities.
Recommendation:
Staff requests direction on how to proceed with this matter.
CONSENT CALENDAR: (Item 2)
The following item may be enacted by one motion. There will be no separate discussion on this item unless a Council Member so requests, in which event the item will be removed from the consent calendar and considered in its normal sequence on the agenda. A roll call vote is required for the consent calendar.
2. ACQUISITION AND SETTLEMENT AGREEMENT TO PURCHASE 206 EAST CEDAR AVENUE (GREG AND LINDA OWENS) AND PURCHASE AND SALE AGREEMENT TO SELL 461 NORTH VARNEY STREET (CITY OF BURBANK):
The purpose of this report is twofold: 1) to present information necessary for the Redevelopment Agency Board (Board) to consider approval of an Acquisition and Settlement Agreement to purchase property located at 206 East Cedar Avenue owned by Greg Owens and Linda Owens; and, 2) to present information necessary for the Council to consider approval of a Purchase and Sale Agreement to sell City-owned property at 461 North Varney Street to Greg and Linda Owens.
On June 29, 2004, the Board and Council approved a Disposition and Development Agreement and development entitlements for development of a 33-unit residential project by the Olson Company. The project is located on the former Lance site in the South San Fernando Redevelopment Project Area. The project site encompasses 700-722 South San Fernando Boulevard and 206 East Cedar Avenue. According to the Schedule of Performance, escrow is projected to close by March 31, 2005.
To date, the Redevelopment Agency (Agency) has acquired two of the three properties necessary for the site. The third remaining property is a 2,033 square foot parcel located at 206 East Cedar Avenue, which is owned by Greg and Linda Owens. The parcel is vacant of buildings but is used as a storage lot. An �all inclusive� Acquisition and Settlement Agreement has been negotiated between the Agency and the Owens� for a total of $160,000. Under the proposed terms, the Owens will vacate and sell their property on Cedar Avenue to the Agency and purchase the City-owned property located at 461 North Varney Street for $310,000.
The property located at 461 North Varney Street consists of a 5,497 square foot parcel which is improved with a 992 square foot single-family residence constructed in 1940. It was acquired by Burbank Water and Power (BWP) for $352,000 in May 2003 as a requirement of the Southern California Public Power Authority (SCPPA) in order to remove a residential use within close proximity to the new Magnolia Power Plant. BWP staff has agreed to this proposed sale. Additionally, the sale of this property was recently approved by SCPPA on September 16, 2004.
Additional costs for escrow, title and permit fees, overhead utility relocation and lead paint and asbestos abatement are estimated at $28,000 and are proposed to be paid by the Agency. Therefore, total Agency costs for acquiring and relocating the Owens will be approximately $188,000. Staff is requesting Board approval of an Acquisition and Settlement Agreement for the Cedar property and Council approval of a Purchase and Sale Agreement for the Varney property. Acquisition of the Cedar property will complete the assemblage of property needed for the development of the former Lance site.
Recommendation:
Adoption of proposed resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK APPROVING AN ACQUISITION AND SETTLEMENT AGREEMENT BETWEEN THE AGENCY AND GREG AND LINDA OWENS (206 EAST CEDAR AVENUE).
END OF CONSENT CALENDAR
RECESS to conclude the City Council meeting.
ADJOURNMENT.