HomeMy WebLinkAboutRDA Minutes 2009-08-26~zx S~ MINUTE S
.,
SPECIAL METING
o REDEVELOPMEN'T' AGENCY
c'~LIFOR~~A CITY OF SOUTH SAN FRANCISCO
P.O. Box 711 (City Hall, 400 Grand Avenue)
South San Francisco, California 94083
Meeting to be held at:
MUNICIPAL SERVICES BUILDING
COMMUNITY ROOM
33 ARROYO DRIVE
SOi1"I'H SAN FRANCISCO, CA
WEDNESDAY, August 26, 2009
1. Call to Order
TIME: 6:30 P.M.
2. doll Call. PRESENT: Boardmembers Garbarino, Gonzalez,
' Mullin, Vice Chairman Addiego and
Chairwoman Matsumoto
ABSENT: None.
3. Public Comments -comments were limited to items on the Special Meeting Agenda.
None.
4. Resolution No. 20-2009 approving a loan for the remodel and expansion of Buon
Gusto Ristorante in an amount not to exceed $650,000 and authorizing the Executive
Director to execute the loan documents.
Manager Fragoso presented the staff report setting forth the terms of the loan.
Boardmember Addiego questioned certain fire code requirements pertaining to sprinklers.
He filrther questioned a default loan rate reflected in the documents.
Manager Fragoso advised that the existing restaurant did not require sprinklering.
However, the expanded space would require sprinklering due to the increased capacity
caused by the expansion.
Regarding the default loan rate, Counsel Mattas explained the rate would increase if the
borrower got behind on the loan, but it was a short term increase in the rate until the
default was cured.
Boardmember Gonzalez questioned ownership of the buildings involved in the
expansion.
Manager Fragoso explained current ownership and described the way walls between two
of the adjacent buildings that were separately owned would be opened.
Boardmember Garbarino added the expansion of the Restaurant would add to the
development and beatification of the Downtown.
Chairwoman Matsumoto commented that specific loading hours might need to be
required in the Downtown District as a result of increased development.
Motion - Boardmember Garbarino/Vice Chairman Addiego: to approve Resolution No.
20-2009. Unanimously approved by voice vote.
5 . Adjournment.
Being no further business, Chairwoman Matsumoto adjourned the meeting at 6:55 p.m.
Submitted by:
Approved.:
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Clerk, Re e pme gency Chairman., Redevelopment ency
SPECIAL REDEVELOPMENT AGENCY MEETING AUGUST 26, 2009
MINUTES PAGE 2