HomeMy WebLinkAboutRDA Minutes 2011-02-09 (2) S 11 S MINUTES
G __ „K = REGULAR MEETING
REDEVELOPMENT AGENCY
c91 /FOR
l o" CITY OF SOUTH SAN FRANCISCO
MUNICIPAL SERVICES BUILDING
COMMUNITY ROOM
WEDNESDAY, FEBRUARY 9, 2011
CALLED TO ORDER: 6:40 p.m.
ROLL CALL: Present: Boardme:mbers: Addiego, Gonzalez and
Matsumoto, Vice Chairman Garbarino and
Chairman Mullin.
Absent: None.
AGENDA REVIEW
None.
PUBLIC COMMENTS
None.
CONSENT CALENDAR
1. Motion to approve the minutes of January 12, 2011 and January 26, 2011.
2. Motion to approve expense claims of February 9, 2011.
3. Resolution No. 3 -2011 authorizing the expenditure of up to $187,500 in tax
increment funds to provide required local matching funds for an MTC /ABAG
FOCUS Program grant for the preparation of a Station Area and Land Use Plan for
the Downtown/Central Project Area.
4. Resolution No. 4 -2011 approving an assignment and assumption and notice of
transfer agreement between Genentech, Inc., Genentech Oyster Point LLC and HCP
Life Science REIT, Inc.
Motion— Boardmember Garbarino /Second— Boardmember Gonzalez: to approve Consent
Calendar Items nos. 1 -3. Unanimously approved by voice vote.
Motion— Boardmember Garbarino /Second— Boardmember Gonzalez: to approve Consent
Calendar Item no. 4. AYES: Boardmembers Addiego, Gonzalez, Matsumoto and Vice
Chairman Garbarino. NOES: None. ABSTAIN: Chairman Mullin, Absent: None.
ADMINISTRATIVE BUSINESS
5. Resolution No. 5 -2011 Approving the acquisition of property located at 636 El
Camino Real; approving the disposition of such property pursuant to ground leases
to two Mid - Peninsula Housing Corporation affiliates; approving the report required
in connection with such disposition by Health and Safety code section 33433;
approving the provision of loans for development of the property; approving the
form of the Loan Agreements, Promissory Notes, deeds of trust, Affordable
Housing Regulatory Agreements and deeds of trust to be subordinated to
construction lenders; authorizing the regulatory agreements and deeds of trust to be
subordinated to construction lenders; adopting findings in connection with the
foregoing transactions; authorizing the execution of an easement and joint use
agreement; and authorizing the execution of a master lease for the retail /commercial
space to be developed on the property.
Consultant Sanchez presented the staff report recommending acquisition and disposition of
property and approving other agreements related to the property located at 636 El Camino
and the location of the proposed Mid - Peninsula Housing Project.
In response to questions from the Agency, Consultant Sanchez explained the funding
committed by the Agency and explained that irrespective of future Redevelopment
legislation at the state level the action tonight should be binding.
Chairman Mullin advised of a disconnect in communication between the School District
and Mid Pen on the Project. He requested that Mid -Pen continue to reach out to the School
District to minimize disruption during the construction phase and after.
Motion— Boardmember Addiego /Second— Boardmember Matsumoto: to approve
Resolution No. 5 -2011. Unanimously approved by voice vote.
ADJOURNMENT
Being no further business, Chairman Addiego adjourned the meeting at 6:56 p.m.
Submitted by Appr d :
111" /46A
s a Jo artine - - K vin ullin, Chairman
City of South San Francisco City of South San Francisco
REGULAR REDEVELOPMENT AGENCY MEETING FEBRUARY 9, 2011
MINUTES PAGE 2