CRA 11/18/2019 Minutes - Laserfiche WebLink

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Community Redevelopment Agency Minutes November 18, 2019 Page 2 of 3 Ms. Hanna reviewed other projects identified in the Community Redevelopment Plan that were unfunded needs that totaled $12.250 million. Ms. Hanna explained the CRA is projected to increase funds by approximately $7 - $8 million before the sunset of the CRA term. A discussion ensued regarding the deficiencies in parking at City Hall and the option of moving forward with the construction of a parking structure. In response to the Board's question regarding any restrictions to a public/private funding of the parking garage due to the eminent domain, Ms. Reischmann explained that the property would need to remain in public ownership. She said this would also prohibit ownership transfer and a long-term lease. Mr. Randy Newlon, City Manager, said that the City owns the land to the south and north of the Chan property. He said the footprint of the Chan property must be used for a public purpose. It was stated that the air rights of the Chan property would require additional research. The consensus of the Board was to pursue the design of a surface parking lot and not the construction of a parking structure at this time. A discussion ensued regarding acquisition and aggregation of property for redevelopment. It was the consensus of the Board to have flexibility with the CRA funds; however if an opportunity presented itself they would be in interested in pursuing it. A discussion ensued regarding the expansion of Lake Concord Park. It was the consensus of the Board to expand the park. Ms. Glancy was not in favor of expanding municipal services to the Quail Pond Circle or Chan properties. She said she envisioned mom and pop restaurants and retail centers at the Quail Pond Circle properties. She said it could give the City an opportunity to have a downtown center and a walkable destination for the community. Ms. Glancy suggested moving City Hall to the Wilshire Boulevard property. A discussion ensued regarding the amount of money to be allocated for the expansion of the Lake Concord Park. It was the consensus of the Board to budget as they move forward. A discussion ensued regarding other projects listed in the Redevelopment Plan that are unfunded at this time. It was the consensus of the Board to provide incentives for redevelopment in the CRA. Mr. Meadows was also interested in installing gateway signs and Mr. Busch was interested in pursuing the event center.