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2014-03-04 Successor Agency MinutesMINUTES OF THE REGULAR SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF VERNON MEETING HELD MARCH 4, 2014, IN THE COUNCIL CHAMBER OF THE CITY HALL LOCATED AT 4305 SANTA FE AVENUE VERNON, CALIFORNIA MEMBERS PRESENT: McCormick, Davis, Maisano, Ybarra, Martinez MEMBERS ABSENT: None The meeting was called to order at 11:17 a.m. by Chairperson McCormick. Chairperson McCormick announced that there are no changes to the agenda. McCormick announced that this was the time allotted for public comment and inquired whether anyone in the audience wished to address the Agency. No one responded. CONSENT CALENDAR It was moved by Davis and seconded by Martinez to approve the matters listed on the Consent Calendar as presented. Motion carried, 5-0. 1. Minutes of the Regular Successor Agency to the Redevelopment Agency Meeting held February 4, 2014, to be received and filed. 2. Approval of RDA Obligation Retirement Fund Warrant Register No. 16, for the period of January 28, 2014, through February 24, 2014, in order to issue pending check in the amount of $35.00. ORAL REPORTS 1. Brief reports on activities, other brief announcements, and directives to staff. Successor Agency Staff Alex Kung reported that during the last Oversight Board to the Successor Agency Meeting, one of the Board members requested that an appraisal be conducted for the Austin Trucking property. In accordance with the long range property management plan, the property is to be transferred to Successor Agency to the Redevelopment Agency Regular Meeting Minutes March 4, 2014 Page 2 of 3 the City of Vernon; however, said member was not comfortable with the process since the City would be getting the property for free. Kung explained that it is anticipated that the Austin Trucking property would be identified as part of the I-710 expansion project eminent domain. Therefore, there would not be a buyer for said property. The Oversight Board member requested an appraisal on the property in order for the value to be determined so that the City pay for the property. Legal Counsel Gustavo Lamanna explained that compensation for the property, whether the City purchases the property, or whether it go out to market, would have to be reflected in the long range property management plan which must be approved by the Department of Finance. In response to Member Ybarra, Kung confirmed that the property is owned by the Successor Agency. Lamanna explained that the intent was to transfer the property under a proposed restricted grant deed to the City so as to not prevent the Successor Agency from closing down its affairs. The City would assume the obligations. Lamanna further explained that the deed transfers the property to the City but requires that it hold the property for seven years. The property is currently rented by Austin Trucking, the income from the rent covers the cost of insurance and other expenses. In response to Member Ybarra’s concerns, Chairperson McCormick advised that the City would need to make a determination on whether it wishes to purchase the property. City Administrator Mark Whitworth advised that when the eminent domain occurs, it is favorable for the City to own the property, it that it can arguably request a value that is equal to what is being lost. Lamanna advised that the legal provision is the governmental use of the property. Successor Agency to the Redevelopment Agency Regular Meeting Minutes March 4, 2014 Page 3 of 3 With no further business, at 11:24 a.m., Chairperson McCormick adjourned the meeting. ________________________ W. Michael McCormick Chairperson ATTEST: ______________________________ Ana Barcia Deputy City Clerk