04-26-1993 - Speciala •
n
Monday
April 26, 1993
SPECIAL MEETING OF THE
. WEST COVINA
CITY COUNCIL AND REDEVELOPMENT AGENCY
A G E N D A
5:30 pm
Council Chambers
Agenda materialjis available for review in the City Clerk's Office, Room 318,
1444 W. Garvey Avenue. For sign language interpreter services at Council
meetings, please call (818) 814-8433 (voice) or (818) 960-4422 (TTY) between
8 am and 5 pm Monday through Friday. Four working days notice is required.
PLEDGE OF ALLEGIANCE
ROLL CALL City Council
Jennings, Wong, Herfert, Manners, McFadden
Redevelopment Agency
Jennings, Wong, Herfert, Manners, McFadden
I OWNER PARTICIPATION AGREEMENT AND NEGOTIATING AGREEMENT -
HASSEN IMPORTS PARTNERSHIP
Transmitted for consideration is an Owner Participation Agreement
between the Redevelopment Agency and Hassen Imports Partnership
and West Covina Motors Inc., which provides for the relocation of
Covina Dodge to the vacant Mitsubishi site. A Negotiating Agree-
ment;.�which,,provides a ninety -day period to negotiate the settle-
ment of the issues related to two existing DDAs between the Agency
and Hassen Imports Inc. and the Agency and Hassen Imports Partner-
ship is also being transmitted for consideration.
It is recommended that the City Council approve the Negotiating
Agreement.
Motion by 2nd by
to approve disapprove hold over
It is recommended that the Agency Board:
a) adopt the .following resolution:
RESOLUTION NO. 447 - A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF WEST COVINA APPROVING AND AUTHORIZING EXECUTION
OF THE OWNER PARTICIPATION AGREEMENT BY AND AMONG THE REDE-
VELOPMENT AGENCY OF THE CITY OF WEST COVINA, HASSEN IMPORTS
PARTNERSHIP AND WEST COVINA MOTORS, INC., AND MAKING CERTAIN
FINDINGS IN CONNECTION THEREWITH
10MCfy that copies of the
QounAgenda for the meeting
of -
accordance with the 87 Brown
in
Act Amendments.
Da
. boa of ttee c�
Motion by 2nd by
to waive reading of the resolution and
to adopt_ disapprove hold over
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April 26, 1993
Page Two
b) approve the appropriation of the loan amount from Agency
reserves,
Motion by 2nd by
to approve disapprove hold over
c) approve the Negotiating Agreement.
Motion by 2nd by
to -approve disapprove hold over
II LONG-RANGE FINANCIAL PLANNING: STRATEGIC PLAN ALTERNATIVES
The City Council will be reviewing revenue and expenditure
options to be incorporated into the City's long-range
financial strategic plan. Staff is recommending Council
provide general direction for the preparation of a draft
financial strategic plan.
Motion by 2nd by
to
III ORAL COMMUNICATIONS
ADJOURNMENT
Redevelopment Agency
Motion by 2nd by
to adjourn the meeting at pm.
City Council
Motion by 2nd by
to adjourn the meeting at pm to 5:00 pm
on Tuesday, April 27, 1993 in the City Manager's
Conference Room.
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