HomeMy WebLinkAboutOB Minutes 12.15.15P.O. Box 711 (City Hall, 400 Grand Avenue)
South San Francisco, California 94083
MY HALL
LARGE CONFERENCE ROOM, TOP FLOOR
400 GRAND AVENUE
TUESDAY, DECEMBER 15, 2015
2:00 P.M.
CALL TO ORDER TIME: 2:00 P.M.
ROLL CALL PRESENT: Boardmembers Addiego, Gross,
Scannell, Christensen, and Chair Cullen.
ABSENT: Boardmember Farrales and Vice Chair
Krause.
PLEDGE OF ALLEGIANCE
AGENDA REVIEW
Item No. 3 heard before Item No. 2.
COMMUNICATIONS FROM STAFF
None.
PUBLIC COMMENTS
None.
MATTERS FOR CONSIDERATION
Led by Billy Gross.
1, Motion to approve the Minutes of the Regular Meeting of November 17, 2015.
Motion — Boardmember Addlego/Second — Boardmember Scannell: to approve the Minutes of the
Regular Meeting of November 17, 2015. Approved by the following vote: AYES: Boardmembers
Addiego, Christensen, Scannell and Gross, and Chair Cullen; NOES: None- ABSTAIN: None;
ABSENT: Boardmember Farrales and Vice Chair Krause.
PUBLIC HEARING
3. Resolution of the South San Francisco Oversight Board approving a Disposition and
Development Agreement Between the Successor Agency and Brookwood Equities, LLC, for
the Acquisition of Successor Agency Owned Parcels at 201, 207, 217-219 and 227 Grand
Avenue (also known as 255 Cypress Avenue), for a Mixed-Use Residential Development,
(Ron Gerber, ECD Housing Manager).
Public Hearing Opened: 2:02 P.M.
ECD Director Greenwood provided a brief project description., discussed financial considerations,
detailed anticipated community benefits, and mentioned a development timeline. Boardmembers
asked clarifying questions about the Environmental Impact Report, compensation agreement,
Department of Finance loan approval, ownership retention, securing tenants, and the intended retail
space.
Motion — Boardmember Addiego/Second — Boardmember Christensen: to approve Resolution No.
approving a Disposition and Development Agreement Between the Successor Agency and
Brookwood Equities, LLC. Approved by the following vote: AYES: Boardmembers Addiego,
Christensen, Scannell and Gross, and Chair Cullen; NOES: None; ABSTAIN: None; ABSENT:
Boardmember Farrales and Vice Chair Krause.
Public Hearing Closed: 2:17 P.M.
MATTERS FOR CONSIDERATION
2. Approval of conceptual deal points for a proposal for the City to make an up-front payment to
taxing entities in lieu of drafting a Revenue Sharing Agreement for commercial space at 636
El Camino Real, and direction to staff to return to the Oversight Board with a Resolution
containing final ter ms.
Housing Consultant Armando Sanchez reiterated this project is a mixed-use affordable housing
development constructed by Mid-Peninsula Housing Coalition and sponsored by the City's
Redevelopment Agency. He detailed the events leading up to current circumstances in which a
Revenue Sharing Agreement was up for consideration. ECD Director Greenwood explicated the
complexities of the location citing tenant financial issues, signage issues and parking challenges as
factors of the high risk commercial space, Chairperson Cullen discussed potential scenarios and risks.
CLOSED SESSION
4. Closed Session:
Conference with Real Property Negotiators
(Pursuant to Government Code Section 54956.8)
OVERSIGHT BOARD REGULAR MEETING DECEMBER 15, 2015
MINUTES PAGE 2
Properties: 401, 411, 421, & 315 Air-port Blvd, 405 Cypress Ave., and 216 Miller Ave., (the
former Ford Properties).
Agency Negotiators: Alex Greenwood and Ron Gerber.
Negotiating Parties: Miller Cypress SSF, LLC, and the Successor Agency to the
Redevelopment Agency of the City of South San Francisco.
Under negotiation: Price and terms for disposition of the property.
Entered Closed Session: 3:01 P.M.
Exited Closed Session: 3:08 P.M.
ADJOURNMENT
Being no further business Chair Cullen adjourned the meeting at 3:08 P.M.
Submitted by-
1* lerk
Oversight Boars ror the Successor
Agency to the South San Francisco
Redevelopment Agency
OVERSIGHT BOARD REGULAR MEETING
MINUTES
Approved by:
Neil Cullen, Chairperson
Oversight Board for the Successor
Agency to the South San Francisco
Redevelopment Agency
DECEMBER 15, 201.5
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