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AND GENTLEMEN, THE SHOW'S JUST BEGINNING.[ CALL TO ORDER: Council Chamber ROLL CALL: Vice Chair Gomez Director Espinoza Director Medrano Director Nigsarian]
ORDER THE REGULAR MEETING OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF LAHABRA FOR APRIL 15TH, 2024.LET THE RECORD REFLECT THAT IT IS 7 52 AND ALL DIRECTORS ARE PRESENT.
WILL THE SECRETARY PLEASE NOTE THAT ALL DIRECTORS ARE PRESENT AT THIS TIME? NOTED.
OKAY, WE GO TO PUBLIC COMMENTS? YES.
NEXT ITEM ON THE AGENDA IS PUBLIC COMMENTS.
WHEN ADDRESSING THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY, PLEASE COMPLETE A SPEAKER'S CARD BEFORE LEAVING THE COUNCIL CHAMBER.
GENERAL PUBLIC COMMENTS SHALL BE RECEIVED AT THE BEGINNING OF THE GOVERNING BODY MEETING AND LIMITED TO THREE MINUTES PER INDIVIDUAL WITH A TOTAL TIME LIMIT OF 30 MINUTES FOR ALL PUBLIC COMMENTS UNLESS OTHERWISE MODIFIED BY THE CHAIR.
SPEAKING TIME MAY NOT BE GRANTED AND OR LOAN TO ANOTHER INDIVIDUAL FOR PURPOSES OF EXTENDING AVAILABLE SPEAKING TIME AND COMMENTS MUST BE KEPT BRIEF, NON-REPETITIVE, AND PROFESSIONAL IN NATURE.
THE GENERAL PUBLIC COMMENT PORTION OF THE MEETING ALLOWS THE PUBLIC TO ADDRESS ANY ITEM OF CITY BUSINESS NOT APPEARING ON THE SCHEDULED AGENDA.
PER GOVERNMENT CODE SECTION 5 4 9 5 4 0.3 A SUCH COMMENTS SHALL NOT BE RESPONDED TO BY THE GOVERNING BODY DURING THE MEETING.
LADIES AND GENTLEMEN, ANYBODY WISH TO ADDRESS THE SUCCESSOR AGENCY? PLEASE COME FORWARD AT THIS TIME, SAY NONE.
[ CONSENT CALENDAR: All matters on Consent Calendar are considered to be routine and will be enacted by one motion unless a Director, City staff member, or member of the audience requests separate action or removal of an item. Removed items will be considered following the Consent Calendar portion of this agenda. Public comment shall be limited to three (3) minutes per individual, with a total time limit of 30 minutes per item that has been removed for separate discussion, unless otherwise modified by the Chair. Speaking time may not be granted and/or loaned to another individual for purposes of extending available speaking time, and comments must be kept brief, non-repetitive, and professional in nature.]
COMMENTS.ALL MATTERS ON CONSENT CALENDAR ARE CONSIDERED TO BE ROUTINE AND WILL BE ENACTED BY ONE MOTION UNLESS A DIRECTOR, CITY STAFF MEMBER OR MEMBER OF THE AUDIENCE REQUEST SEPARATE ACTION OR REMOVAL OF AN ITEM REMOVED.
ITEMS WILL BE CONSIDERED FOLLOWING THE CONSENT CALENDAR PORTION OF THIS AGENDA.
PUBLIC COMMENTS SHALL BE LIMITED TO THREE MINUTES PER INDIVIDUAL WITH A TOTAL TIME LIMIT OF 30 MINUTES PER ITEM THAT HAS BEEN REMOVED FOR SEPARATE DISCUSSION UNLESS OTHERWISE MODIFIED BY THE CHAIR.
SPEAKING TIME MAY NOT BE GRANTED AND OR LOAN TO ANOTHER INDIVIDUAL FOR PURPOSES OF EXTENDING AVAILABLE SPEAKING TIME AND COMMENTS MUST BE KEPT BRIEF, NON-REPETITIVE AND PROFESSIONAL AND NATURE.
THE CONSENT CALENDAR INCLUDES ITEMS ONE THROUGH TWO.
STAFF, WOULD YOU LIKE TO HAVE ANY ITEMS REMOVED? NONE.
MR. CHAIRMAN, ANY AGENCY MEMBERS LIKE TO HAVE ANYTHING REMOVED? NO.
MR. CHAIRMAN, ANYBODY IN THE AUDIENCE LIKE TO HAVE ANYTHING REMOVED? OKAY.
I'D LIKE TO MAKE A MOTION THAT WE APPROVE THE CONSENT CALENDAR.
THERE'S A MOTION BY JOSE MADANO, SECONDED BY ROSA SPINOZA.
OUR DIRECTORS WILL THE AGENCY.
ALL THOSE IN FAVOR PLEASE SAY AYE.
ANYBODY WISHING TO ABSTAIN? OKAY.
[1. CONSIDER AUTHORIZATION FOR GM PROPERTIES, INC. TO LIST THE PROPERTY COMMONLY KNOWN AS A PORTION OF THE LA HABRA MARKETPLACE PARKING LOT (APN 018-381-64), FOR SALE That the Successor Agency: A. Authorize GM Properties, Inc. to list the property commonly known as a portion of the La Habra Marketplace Parking Lot, APN 018-381-64, for sale, to solicit sealed bids to be opened at a public bid opening, and authorize the Executive Director to execute any agreements necessary for this process; or alternatively, B. Authorize GM Properties, Inc. to list the Property on the Ten-X auction platform in an open bid process, and authorize the Executive Director to execute any agreements necessary for this process.]
CONSIDERATION ITEMS. YES.ANY MEMBER OF THE AUDIENCE MAY REQUEST TO ADDRESS THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY ON ANY CONSIDERATION ITEM PRIOR TO THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY.
TAKING A FINAL VOTE ON THE ITEM, PUBLIC COMMENTS SHALL BE LIMITED TO THREE MINUTES PER INDIVIDUAL WITH A TOTAL TIME LIMIT OF 30 MINUTES PER CONSIDERATION ITEM, UNLESS OTHERWISE MODIFIED BY THE CHAIR.
SPEAKING TIME MAY NOT BE GRANTED AND OR LOAN TO ANOTHER INDIVIDUAL FOR PURPOSES OF EXTENDING AVAILABLE SPEAKING TIME AND COMMENTS MUST BE KEPT BRIEF, NON-REPETITIVE AND PROFESSIONAL IN NATURE.
CONSIDERATION ITEM NUMBER ONE IS ENTITLED CONSIDER AUTHORIZATION FOR GM PROPERTIES INC.
TO LIST THE PROPERTY COMMONLY KNOWN AS A PORTION OF THE LAHABRA MARKETPLACE PARKING LOT A PN ZERO 1-838-ONE-DASH SIX FOUR FOR SALE.
OKAY, SUSAN KIM, UH, JOINS US FOR THE STAFF REPORT, PLEASE.
EVENING, CHAIR GOMEZ, VICE CHAIR ESPINOZA AND DIRECTORS.
I'M SUSAN KIM, DIRECTOR OF COMMUNITY AND ECONOMIC DEVELOPMENT.
THE ITEM, UM, BEFORE YOU TONIGHT IS A REQUEST FOR YOU TO DIRECT STAFF ON WHETHER TO MOVE FORWARD ONE WITH ONE OF TWO OPTIONS TO DISPOSE OF THE PROPERTY COMMONLY KNOWN AS A PORTION OF THE MARKETPLACE PARKING LOT.
AS YOU MAY RECALL, IN OCTOBER, THE THE SUCCESSOR AGENCY WORKING WITH THE AGENCY'S BROKER GM PROPERTIES LISTED THIS PROPERTY FOR SALE AND IN DECEMBER, THE AGENCY APPROVED THE SALE OF THE PROPERTY TO THE CITY OF LAHABRA FOR $57,500.
WELL ABOVE THE APPRAISED VALUE OF THE PROPERTY, WHICH IS $30,000 UNDER STATE LAW, THE ORANGE COUNTY OVERSIGHT BOARD HAS THE AUTHORITY TO APPROVE OR REJECT THE SALE.
IN JANUARY, THEY VOTED TO REJECT IT.
THEREFORE, TONIGHT I'M PRESENTING YOU WITH TWO OPTIONS TO MOVE FORWARD WITH THE SALE IN A TIMELY MANNER.
FOR EITHER OF THESE OPTIONS, THE AGENCY'S BROKER WILL NOTIFY PARTIES THAT HAD PREVIOUSLY INDICATED AN INTEREST IN PURCHASING THE PROPERTY TO ADVISE THEM THAT THAT THE PROPERTY IS ONCE AGAIN BEING MARKETED FOR SALE.
IN ADDITION, BOTH OPTIONS WILL REQUIRE INTERESTED PARTIES TO SUBMIT THEIR BIDS VIA STANDARDIZED PURCHASE AND SALE AGREEMENT PREPARED BY THE AGENCY'S LEGAL COUNSEL.
THE RECOMMENDED OPTION WOULD BE TO UTILIZE THE AGENCY'S BROKER GM PROPERTIES TO LIST THE PROPERTY FOR SALE AND HAVE SEALED BID OFFERS SUBMITTED
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TO THE CITY CLERK.THE BIDS WILL BE DATE AND TIMESTAMPED BY THE CITY CLERK'S OFFICE AND THEN OPENED AT A PUBLIC BID OPENING.
AN ALTERNATIVE OPTION WOULD BE TO USE THE AGENCY'S BROKER TO LIST THE PROPERTY USING THE ONLINE AUCTION PLATFORM, 10 X AT AN ADDITIONAL COST TO THE BUYER OF APPROXIMATELY $12,200 FOLLOWING AN APPROXIMATE TWO MONTH MARKETING PERIOD.
THE ONLINE AUCTION WOULD TAKE PLACE OVER TWO DAYS DURING THE AUCTION.
PROSPECTIVE BIDDERS WILL BE ABLE TO SEE THE HIGHEST SUBMITTED BID, BUT NOT THE NAME OF THE BIDDERS.
MEMBERS OF THE PUBLIC WILL ALSO BE ABLE TO MONITOR BIDS THROUGH 10 X ON A REAL-TIME BASIS AS THEY ARE SUBMITTED.
FOLLOWING THE AUCTION, 10 X WILL PROVIDE A COMPLETE LIST OF BUD BIDDERS WHO PARTICIPATED IN THE AUCTION, RESULTING IN A VERY TRANSPARENT PROCESS.
IN THE EVENT THAT THE SALE TO THE PROPERTY TO THE HIGHEST BIDDER IS NOT APPROVED BY THE AGENCY OR THE OVERSIGHT BOARD, ANY DEPOSITED FUNDS WILL BE RELEASED BACK TO THE BIDDER.
10 X WILL ONLY RECEIVE ITS FEE IF THE PROPERTY CLOSES ESCROW.
THE MAIN DRAWBACKS INCLUDE A MORE COMPLEX BID SALE PROCESS, A POTENTIALLY LONGER MARKETING PERIOD, AND A MARKEDLY HIGHER FEE TO SELL THE PROPERTY AS ADDITIONAL FEES WOULD BE REQUIRED TO BE PAID TO THE TO 10 X HIGHER TRANSACTION FEES COULD ARGUABLY RESULT IN LESS NET PROCEEDS FROM THE SALE OF THE PROPERTY, WHICH COULD POTENTIALLY MEAN LESS NET SALE PROCEEDS AVAILABLE TO BEING DISPERSED TO THE TAXING ENTITIES AND THEREFORE STAFF IS RECOMMENDING OPTION ONE.
THAT CONCLUDES MY PRESENTATION AND I'M AVAILABLE TO ANSWER ANY QUESTIONS.
ANY QUESTIONS FROM AGENCY MEMBERS? WELL, IT'S JUST OPTION ONE IS ACTUALLY OPTION A AS OPPOSED TO OPTION B, CORRECT? YES.
ANY OTHER QUESTIONS? JOSE ROSE? NO.
THIS TIME I WILL INVITE THE PUBLIC TO COME UP AND TESTIFY.
PLEASE COME FORWARD AND STATE YOUR NAME FOR THE RECORD.
I WILL NOW CALL FOR AGENCY DISCUSSION OR ACTION.
I WOULD AUTHORIZE GM PROPERTIES INC.
TO LIST THE PROPERTY COMMONLY KNOWN AS A PORTION OF LAHABRA MARKETPLACE PARKING LOT, APN 0 1 8 DASH 3 81 DASH SIX FOUR FOR SALE TO SOLICIT SEAL BIDS TO BE OPENED AT A PUBLIC BID OPENING AND AUTHORIZE THE EXECUTIVE DIRECTOR TO EXECUTE ANY AGREEMENTS NECESSARY FOR THIS PROCESS PERIOD.
A SECOND, I'M SORRY, I DON'T NEED TO INCORPORATE ANY PART OF B IN MY MOTION, DO I? NO.
UH, THE ALTERNATE OPTIONS ONLY IF YOU WANTED TO MAKE THAT MOTION.
HEY, THERE IS A MOTION BY AGENCY, UH, PERSON, THE IAN SECONDED BY AGENCY DIRECTOR MEDRANO.
ALL THOSE IN FAVOR PLEASE SAY AYE.
ANYBODY KNOW ANY ABSTENTIONS? THE ADDED PASSES HUMAN UNANIMOUSLY, FIVE ZERO.
RHONDA, ANY COMMENTS FROM STAFF? NONE.
MR. CHAIR, ANY COMMENTS FROM DIRECTORS? NONE.
AND AS I LIKE TO DO, YOU'RE NOW ADJOURNED.