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<br />-- -'~ <br /> <br />\'-., <br /> <br /> <br />ROLL CALL <br /> <br />COMMUNICATION <br /> <br />HEARING <br />(American <br />Savings & <br />Loan)-- <br /> <br />EXECUTIVE <br />SESSION <br /> <br /> <br />OLUTlON <br />NO. <br />ADOPTED <br /> <br />24 :9917 <br /> <br />MINUTES <br /> <br />CITY COUNCIL AND THE ARCADIA REDEVELOPMENT AGENCY <br /> <br />ADJOURNED REGULAR MEETING <br /> <br />DECEMBER 18, 1979 <br /> <br />The Arcadia City Council and the Arcadia Redevelopment Agency met <br />in an adjourned regular session on December 18, 1979 at 5 p.m. in <br />the Arcadia City Hall Conference Room. <br /> <br />PRESENT: <br />ABSENT : <br /> <br />Members Gilb, Parry, Pellegrino, Saelid, Margett <br />None <br /> <br />The proposal submitted from Henry Caw, President of the Juniper <br />Properties (Development and Investment) concerning property located <br />at the northwest corner of Huntington Drive and First Avenue was <br />acknowledged. (Mr. Gaw explained his position later in this meeting. <br />See below.) <br /> <br />Continued - Disposition and Development Agreement between the Arcadia <br />Redevelopment Agency and American Savings and Loan Association for <br />property located at the northwest corner of First Avenue and Hunting- <br />ton Drive. Staff responded to questions propounded by the Agency <br />concerning the agreement which incorporates the final thinking of <br />staff and the Association particularly as it relates to the current <br />status of the property. Some of the concerns of the Agency Members <br />answered in an executive session. <br /> <br />At 5:30 p.m. the Agency entered an executive session and reconvened <br />at 6:15 p.m. <br /> <br />Henry Caw, 1162 Altura Terrace, referred to his communication to the <br />Agency concerning the property under discussion at this time. He <br />would like to construct an eight story office building with 2/3 stories <br />subterranean parking. The Agency Members said in part that it is un- <br />fortunate that this proposal had not been submitted at an earlier date <br />as an agreement with American Savings & Loan Association is pending. <br />It was suggested that Mr. Caw investigate other City and Agency owned <br />properties, contact Republic Development Company and perhaps contact <br />American Savings & Loan to determine whether or not it would be inter- <br />ested and if so then American could come back to the Agency with a <br />revised plan. In response to an inquiry Mr. Caw indicated his other <br />developments underway in Arcadia. Staff will arrange to introduce Mr, <br />Caw to the Association officials. <br /> <br />Bill Connolly, 21 S, First Avenue, commented that the subject property <br />has been for sale for some time and wondered if Mr. Caw was aware of <br />this. <br /> <br />On MOTION by Member Gilb, seconded by Member Pellegrino and carried <br />the hearing was CLOSED. <br /> <br />The City Attorney presented, explained the content and read the title <br />of Resolution No. 4849, entitled: '~RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF ARCADIA MAKING ENVIRONMENTAL FINDINGS NECESSARY FOR <br />OPOSED DISPOSITION AND DEVELOPMENT AGREEMENT BY THE ARCADIA RE- <br />DEVELOP GENCY WITH AMERICAN SAVINGS AND LOAN ASSOCIATION FOR THE <br />SALE AND DE VEL OF 55-65 EAST JruNTINGTON DRIVE IN THE CENTRAL <br />REDEVELOPMENT PROJEC . <br /> <br /> <br /> <br />It was MOVED by Councilman Gilb, s <br />carried on roll call vote as follows <br />full text be waived and ADOPTED. <br /> <br />ed by <br />that <br /> <br />Councilman ,Pellegrino and <br />further reading of the <br /> <br />~ <br /> <br />-1- <br /> <br />12-18-79 <br />