MINUTES OF THE SAN JOSÉ CITY COUNCIL

AND REDEVELOPMENT AGENCY BOARD

 

 

SAN JOSÉ, CALIFORNIA                                                               TUESDAY, APRIL 29, 2003

 

The Council of the City of San José convened at 4:47 p.m. to hear Item 7.1 in a Joint Session with the Redevelopment Agency in Council Chambers at City Hall.

 

Present: Council Members     -              Campos, Chavez, Chirco, Cortese, Dando, Gregory, LeZotte, Reed, Williams, Yeager; Gonzales.

 

Absent: Council Members     -  None.

 

 

JOINT REDEVELOPMENT AGENCY/CITY COUNCIL ITEM

 

7.1              Approval of DDA with Regis Homes of Northern California, for the development of residential units at 320 North First Street and acceptance of the 33433 Summary Report and Re-Use Appraisal.

 

Recommendation: Adoption of Resolutions:

(a)        By the City Council approving the disposition of the real property located at 320 North First Street (APN 249-44-101) to Regis Homes of Northern California, accepting the 33433 Summary Report and Re-Use Appraisal, and finding that the disposition of the property will assist in the elimination of blight, is consistent with the 13th Street SNI Redevelopment Project Area objectives and that the consideration for the property is not less than the fair reuse value for the proposed use, with the covenants and conditions and development costs authorized by the Disposition and Development Agreement (DDA); and,

(b)        By the Agency Board approving the DDA and authorizing the Executive Director to execute ancillary documents contemplated by the DDA and to close escrow and convey the Property subject to compliance with the terms of the DDA, and to negotiate and execute amendments to the DDA substantially in conformance with the intent of the DDA as reasonably necessary.

CEQA: Resolution No. 68839 PDC02-077 [SNI: 13th Street]

 

Documents Filed: Memorandum from Redevelopment Agency Executive Director Susan Shick, dated April 29, 2003, recommending adoption of said resolutions.

 

Discussion/Action: Upon motion by Council Member Chavez, seconded by Council Member Cortese and unanimously carried, Resolution No. 71539, entitled: “A Resolution of the Council of the City of San José Approving the Disposition of a Portion of the Real Property Located at 320 North First Street (APN 249-44-101) to Regis Homes of Northern California; Accepting the 33433 Summary Report and Re-Use Appraisal; and Making Certain Findings”, and Redevelopment Agency Resolution No. 5403, were adopted. Mayor Gonzales abstained because of a conflict of interest in the property. Vote: 10-0-0-1. Disqualified: Gonzales.

 

 

ADJOURNMENT

 

The Council of the City of San José adjourned at 4:48 p.m.

 

 

RON GONZALES, MAYOR

 

ATTEST:

 

 

PATRICIA L. O’HEARN, CITY CLERK