HomeMy WebLinkAboutMinutes - City Council - 2007-12-17 - Special Meeting
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City Council, Special Meeting
Council Chambers
777 Cypress Avenue
Redding, California
December 17, 2007 5:15 p.m.
The meeting was called to order by Mayor Stegall with the following Council Members
present: Bosetti, Dickerson, Jones, and Murray.
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Also present were City Manager Starman, Assistant City Manager/Police ChiefMoty, City
Attorney Duvernay, Transportation & Engineering Director Tippin, Senior Project
Coordinator Morgon, Office Services Supervisor Rudolph, and City Clerk Strohmayer.
JOINT MEETING OFTHE CITY COUNCIL AND REDDING REDEVELOPMENT
AGENCY
At the hour of 7:14 p.m., Mayor Stegall convened the Joint Meeting with Redding
Redevelopment Agency.
EXTENSION OF TIME FOR ACQUISITION OF FORMER PARKING LOT NO.4 -
Building Innovations Group, Inc.
(C-070-200)
Senior Project Coordinator Morgon recalled that at its October 16, 2006, meeting, the City
Council authorized the sale of Parking Lot No.4 (Assessor Parcel Number 101-660-027)
(Property) to the Redding Redevelopment Agency (Agency) on the condition that a
subsequent sale of the Property to Building Innovations Group, Inc. (BIG), formerly Habitat
for Humanity Shasta Cascade, be completed no later than December 31,2007. He stated that
if that did not occur, the property would automatically revert back to the City.
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Mr. Morgon related that Chief Executive Officer of BIG , Jim Koenigsaecker, requested that
the City and the Agency extend the transfer 6fthe Property for an additional twelve months.
BIG has been working with Development Services to secure entitlements for its Theatre
Square Townhomes Project. BIG indicated that it will have completed a full set of final
exhibits for submittal to the Planning Division in mid-J anuary and has invested $627,000 for
the Project already.
Mr. Morgon recommended that the City Council extend the reverter clause in the Grant
Deed, Deed of Trust and Promissory Note providing an additional 12 months to December
31,2008, for sale of the property to BIG. He added that the sale would provide $588,000 in
revenue to the City.
MOTION: Council Member Murray, seconded by Council Member Dickerson, extending
the reverter clause of the Grant Deed, Deed of Trust, and Promissory Note for Parking Lot
No.4 providing an additional 12 months (to December 31, 2008) for sale by the Agency to
BIG. The Vote: Unanimous Ayes
There being no further business, at the hour of7: 18 p.m., Mayor Stegall declared the meeting
adjourned. .
APPROVED
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