This facility is disabled accessible. Auxiliary aids and services are available for individuals with speech, vision or hearing impairments (48 hour notice is required). Please contact the ADA Coordinator at (818) 238-5021 voice or (818) 238-5035 TDD with questions or concerns.

5:00 P.M. CLOSED SESSION IN CITY HALL BASEMENT LUNCH ROOM/ CONFERENCE ROOM.

Conference with Real Property Negotiator:

Pursuant to Govt. Code �54956.8

Agency Negotiator: Assistant Executive Director/Susan M. Georgino.

Property: Former police block bounded by Olive Avenue, Third Street, Angeleno Avenue and San Fernando Boulevard (except APN 2453-13-010, commonly referred to as the Radio Shack parcel).

Parties With Whom Agency is Negotiating: Mark Buckland of the Olson Company.

Terms Under Negotiation: Possible sale of Agency-owned property.

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: Reverend Tania Kleiman, Olive Branch Ministries.

The Courts have concluded that sectarian prayer as part of City Council meetings is not permitted under the Constitution.

FLAG SALUTE:

ROLL CALL:

JOINT PUBLIC HEARING WITH THE CITY COUNCIL:

1. OPPORTUNITY SITE NO. 2 (OLD POLICE BLOCK) BURBANK VILLAGE WALK � THE OLSON COMPANY:

The purpose of this item is to continue the public hearing, previously noticed to occur on this date, to present the information necessary for the Redevelopment Agency and the City Council to consider the proposed sale of Agency property and development entitlements for the Burbank Village Walk project (The Olson Company, Applicant). The specific land use applications for the 140-unit residential and 14,000 square foot restaurant/retail project included: Planned Development No. 2002-1; Development Review No. 2002-11; Tentative Tract Map No. 53905; a Mitigated Negative Declaration; Development Agreement; and the associated legal documents. The specific Agency Board consideration included the Disposition and Development Agreement and related legal documents.

The public hearing for the subject project was rescheduled to January 7, 2003 to allow additional time for the Developer to analyze their unit design to assure themselves and the Agency that the project best reflects the present residential market. The Developer has submitted plans that they feel better meet the market demand. However, additional time is needed for the Developer to reanalyze the project economics, which will require amendment to the draft Disposition and Development Agreement and related redevelopment documents.

Staff will renotice the hearing in a local newspaper and will ensure that all revised documents are available for public review as required by law.

Recommendation:

Staff recommends that the public hearing be continued to February 11, 2003.

RECESS to conclude the City Council meeting.