05-27-1992 - Special Meeting - MinutesC J
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M I N U T E S
SPECIAL MEETING
OF THE WEST COVINA CITY COUNCIL AND THE
REDEVELOPMENT AGENCY
May 27,.1992
The special meeting of the West Covina City Council and Redevelopment Agency was
called to order by Mayor Manners at 7:35 pm in the City Hall Council Chambers,
1444 W. Garvey Avenue, West Covina. The Pledge of Allegiance was led by Council -
member McFadden.
CITY 'COUNCIL ROLL CALL. Manners, Jennings, Herfert, McFadden, Wong
REDEVELOPMENT "AGENCY "ROLL CALL Manners, Jennings, Herfert, McFadden, Wong
Councilmember Wong stated that he would abstain from
discussion and vote on the public hearing matter due
to a conflict of interest. He stepped down from the
Council table and took a seat in the audience.
Others Present: Starbird, Hanna, Johnson, Wylie, Miller, Crawford, Orr,
':Yoshizaki—Beriy- r
JOINT PUBLIC HEARING TO CONSIDER THE PROPOSED SECOND AMENDMENTTOTHE OWNER PARTICI-
PATION AGREEMENT BETWEEN THE REDEVELOPMENT AGENCYANDSYLVAN S. SHULMAN"CO./ WEST
COVINA ASSOCIATES - THE PLAZA EXPANSION
Mayor Manners stated that the City Council and Redevelopment
Agency would consider approving a Second Amendment to the
Hearing opened Owner Participation Agreement between the Agency and Shulman/
May Centers for the expansion of the Plaza; approving an
amendment to the Cooperative Agreement between the City of
West Covina and the Redevelopment Agency; and approving a
Third Amendment to the Reciprocal Easement Agreement per-
taining to the Plaza project. These amendments are
necessitated by the proposed purchase of all title and
interest in the Plaza by CenterMark Properties.
City Clerk verified the affidavit of publication. Mayor
Manners opened the hearing.
Staff presentation Project Manager Johnson reviewed the original project for
the expansion and renovation of the Plaza Shopping Center,
discussing the purpose and methodology for accomplishing it.
James Regan of Kotin, Regan & Mouchly discussed the com-
ponents of the debt service and developer advances.
Redevelopment Services Director Wylie presented the current
impact on May Centers Partnership share. He also explained
the slowdown of the project last fall was due to negotiations
by May Centers to purchase 100% of interest in The Plaza.
James Regan discussed the impact of the changing ecomonics
on the project performs and developer advances.
Both Steve Wylie and James Regan reviewed various facets
of the CenterMark Properties purchase,redaluating the
impacts on CenterMa'rk,'economically -and their: :expansion
responsibilities.
Tom Clark of Stradling, Yocca, Carlson and Rauth addressed
the proposed amendment. The overall evaluation of the
proposal was given by City Manager Starbird.
Staff members and consultants responded to Council questions
and comments.
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SPECIAL MEETING OF COUNCIL AND AGENCY
May 27, 1992 Pg. 2
Public Testimony
Mayor Manners opened the public testimony portion of the
hearing. She then asked ifrany written correspondence had
In'_Favor:
been received supporting the proposal. City Clerk Berry
Written correspondence
answered in the affirmative: a letter was received from
from Katherine Castucci
Katherine Castucci, 430 S. Pima Avenue, urging Council to
vote in favor.
Oral Comments:
JamesDausch of CenterMark Properties addressed Council.
from James Douch
Mayor Manners asked if any written correspondence had been
No written opposition
received in opposition.-_Cit',^Clerk responded in the negative.
Oral comments were received from:T
Oral comments
IJim Mahoka, Glendora, representing Eastland merchants,
from Jim Mahoka
noted that the Eastland shopping center was suffering from
lack of walk-in traffic and hoped that something would be
done very soon.to help the shopping center.
'No rebuttal comments
Mayor Manners asked for rebuttal comments and none were
offered. She then closed the public testimony portion of
Public —Testimony —closed
the hearing.
Council Discussion
Councilmember McFadden commenced Council discussion, noting
the proposal was --very complex but worth moving forward with
as it was good for the City. He hoped to see Fashion Plaza,
Eastland, and The Lakes completed in five years.
Councilmember Jennings stated his agreement with the proposal
and felt it was time to move forward with it.
Recess
Councilmember Herfert was concerned that he might have a
conflict of interest. Mayor Manners called a recess at
9:12 pm to allow him to confer with the City Attorney.
The meeting reconvened at 9:20 pm and Councilmember Herfert
stated.he could participate in discussions and the vote as
the City Attorney assured him that there was no conflict
of interest.
Councilmember Herfert was particular pleased with the
proposal as the project was moving from a private developer
to a -major corporation, which *asra positive sign for the
City.
Mayor Manners spoke about the need for the City to preserve
its base revenues and the entire success of the Plaza is
dependent upon the project.
CITY COUNCIL ACTION
City Clerk presented:
RESOLUTION NO. 8823 - A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF WEST COVINA,APPROVING THAT CERTAIN AGREEMENT
Resolution 8823 -
ENTITLED "SECOND AMENDMENT TO OWNER PARTICIPATION AGREEMENT
approving 2nd Amendment
BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF WEST
COVINA"AND SYLVAN S. SHULMAN CO./WEST COVINA ASSOCIATES"
AND MAKING FINDINGS REGARDING CERTAIN PUBLIC IMPROVEMENTS
Motion by Jennings, seconded by McFadden to waive further
reading of the resolution and adopt. Motion carried with
Wong abstaining from the vote.
Motion by Herfert, seconded by McFadden to approve a First
Amendment to Cooperative Agreement between the City of West
Covina and the Redevelopment Agency of the City of West
1st Amendment to Coopera-
Covina Regarding Expansion of the Fashion Plaza, and
tiAm Agree. approved
authorize the Mayor to execute the Amendment, as amended
to include additional language to the Cooperative Agreement
allowing the Redevelopment -Agency to make payments to the
City. Motion carried with Wong abstaining.
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SPECIAL MEETING OF COUNCIL AND AGENCY
May 27, 1992 Pg.3
REDEVELOPMENT ACTION City Clerk presented:
RESOLUTION NO. 435 - A RESOLUTION OF THE REDEVELOPMENT
Resolution 435 - AGENCY OF THE CITY OF WEST COVINA APPROVING THAT CERTAIN
2nd Amendment approved AGREEMENT ENTITLED "SECOND AMENDMENT.TO OWNER PARTICIPATION
AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY
OF WEST COVINA AND SYLVAN S. SHULMAN CO./WEST COVINA ASSOCI_-_
ATES" AND MAKING FINDINGS REGARDING CERTAIN PUBLIC IMPROVE-
MENTS
Motion by Jennings, seconded by McFadden to waive further
reading of the resolution and adopt. Motion carried with
Wong abstaining.
Motion by Herfert, seconded by McFadden to approve a First
1st Amendment to Coopera- Amendment to Cooperative Agreement between the City of West
tive Agree. approved Covina and the Redevelopment Agency of the City of West
Covina Regarding Expansion of the Fashion Plaza, and authorize
the Chairman to execute the Amendment, as amended to include
Additional:ilahguage to the Cooperative Agreement allowing
the Redevelopment Agency to make payments to the City.
Motion carried with Wong abstaining.
Motion by McFadden, seconded by Jennings to approve a Third
3rd Amendment to C,O.R.E. Amendment to and Restatement of Construction, Operation and
Agreement approved Reciprocal Easement Agreement for The Plaza at West Covina,
in substantially the form submitted, and authorize the
Chairman to execute the Amendment. Motion carried with
Wong abstaining.
ORAL COMMUNICATIONS
ADJOURNMENT
ATTEST
K/
City Clerk Janet Be y
Upon conclusion of the jolntcpublic hearing at 9:35 pm
Councilmember Wong joined the Councilmembers at the table.
No comments offered.
Motion by Jennings, seconded by McFadden, and unanimously
carried to adjourn the City Council meeting at 9:36 pm.
Motion by Jennings, seconded by McFadden, and unanimously
carried to adjourn the Redevelopment Agency meeting at
9:36 pm.
Mayor Na"c Manners
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