The Urban Community Development Commission

Transcription

-1-
Friday, March 11, 2011
NOTICE OF A SPECIAL MEETING
COMPTON CITY COUNCIL CHAMBERS
205 South Willowbrook Avenue
The Urban Community Development Commission (UCDC) was
established by Ordinance No. 1,479, adopted on July 15, 1975.
The Commission functions as the governing body for the
Community Redevelopment Agency (CRA) and the Local
Housing Authority (LHA) and exercises the power, authority,
jurisdiction and functions of redevelopment agencies, housing
authorities and federal surplus property authorities granted
under the Marks Foran Residential Rehabilitation Act to charter
cities.
URBAN COMMUNITY DEVELOPMENT COMMISSION
AGENDA
5:30 PM
CALL TO ORDER
MOMENT OF SILENCE
PLEDGE OF ALLEGIANCE
ROLL CALL
PUBLIC COMMENTS ON AGENDA ITEMS
NEW BUSINESS
1.
A RESOLUTION OF THE URBAN COMMUNITY DEVELOPMENT
COMMISSION, ACTING AS THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF COMPTON AUTHORIZING THE EXECUTIVE
SECRETARY TO ENTER INTO AN EXCLUSIVE NEGOTIATION
AGREEMENT BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY
AND MAXI FOODS TO WORK OUT THE TERMS AND CONDITIONS OF A
DISPOSITION AND DEVELOPMENT AGREEMENT FOR THE
ACQUISITION AND DEVELOPMENT OF CERTAIN PPROPERTY
LOCATED IN THE COMPTON REDEVELOPMENT PROJECT AREA IN
CONNECTION WITH THE AGENCY'S 2010 TAX ALLOCATION BOND
PROGRAM
-2-
2.
AND WALBERN DEVELOPMENT TO WORK OUT THE TERMS AND
CONDITIONS OF A DISPOSITION AND DEVELOPMENT AGREEMENT
FOR THE ACQUISITION AND DEVELOPMENT OF CERTAIN PROPERTY
CONNECTION WITH THE AGENCY'S 2010 TAX ALLOCATION BOND
PROGRAM
3.
AND YAVITZ COMPANIES, INC. TO WORK OUT THE TERMS AND
CONDITIONS OF A DISPOSITION AND DEVELOPMENT AGREEMENT
FOR THE ACQUISITION AND DEVELOPMENT OF CERTAIN PROPERTY
CONNECTION WITH THE AGENCY’S 2010 TAX ALLOCATION BOND
PROGRAM
COMMISSION COMMENTS
ADJOURNMENT
#1.
March 11, 2011
TO:
CHAIRMAN AND COMMISSIONERS
FROM:
EXECUTIVE SECRETARY
SUBJECT:
COMMISSION,
ACTING
AS
THE
COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF COMPTON
AUTHORIZING THE EXECUTIVE SECRETARY TO ENTER INTO
AN EXCLUSIVE NEGOTIATION AGREEMENT BETWEEN THE
COMMUNITY REDEVELOPMENT AGENCY AND MAXI FOODS
TO WORK OUT THE TERMS AND CONDITIONS OF A
DISPOSITION AND DEVELOPMENT AGREEMENT FOR THE
ACQUISITION AND DEVELOPMENT OF CERTAIN PPROPERTY
LOCATED IN THE COMPTON REDEVELOPMENT PROJECT
AREA IN CONNECTION WITH
THE AGENCY'S 2010 TAX
ALLOCATION BOND PROGRAM
SUMMARY
Staff is requesting the Commission to authorize the Executive Secretary to enter into an
Exclusive Negotiation Agreement (ENA) between the Community Redevelopment Agency
(Agency) and Maxi Foods to work out the terms of a Disposition and Development
Agreement for the acquisition of property located at 1051 West Rosecrans Avenue in the
Compton Redevelopment Project Area in connection with the Agency’s 2010 Tax
Allocation Bond Program.
BACKGROUND
In the ongoing efforts of to rebrand and market the image of the City of Compton, the
Agency has carried the vision of Birthing a New Compton to International, National,
Commercial, Retail and Industrial development arenas. In May 2010 and September 2010
the Agency attended the International Convention of Shopping Center (ICSC) Conferences
in Las Vegas and San Diego respectively to showcase the City of Compton as a rising and
viable destination place for development.
As a result of these aggressive marketing efforts during these Conferences, the Agency has
obtained a proposal from Maxi Foods a successful recognized leader in the development of
high quality Full Service Grocery stores and neighborhood centers projects for acquisition
and development of certain property located at 1051 West Rosecrans Avenue.
The founders of Maxi Foods and Baja Ranch have successfully owned and operated
neighborhood grocery stores since 1972. The company was founded with a shared vision of
providing the under-served consumers with high quality meats, fruits and vegetables in
addition to a full supermarket selection of grocery items all at value prices. By maintaining
a privately-owned distribution center, Maxi Foods is able to limit costs and ensure delivery
of quality fresh goods.
Within the portfolio of thirteen stores, the Maxi Foods and Baja Ranch Market brands have
locations in the Southern California cities of Pasadena, Altadena, Monrovia, Covina,
Victorville and Riverside. Maxi Foods prides itself on being a neighborhood supermarket
with food and household goods which are sought after by the area’s clientele. Given that
Maxi Foods currently operates stores in neighborhoods similar to the location at 1051 W.
Rosecrans - mainly African-American and Latino patrons- the ownership feels that it would
be a great fit at this site. Maxi Foods understands the needs of its patrons and provides
Brand-name products along with specialty goods for home-cooked meals.
-1-
#1.
STATEMENT OF THE ISSUE
In order to fulfill the objectives of the proposed development, Maxi Foods is requesting an
exclusive negotiation agreement (ENA) for period of 6 months to work the terms of
negotiations with the Agency culminating in a Disposition and Development Agreement
(DDA). The developer’s proposal calls for construction and development of a Full Service
Grocery store that will be incorporated into Gonzales Park as part of the development design
and concept.
FISCAL IMPACT
The Agency has funds in the amount of $1,000,000.00 available within its 2010 Tax
Allocation Bond funds in account number #3050-800-021-4266.
RECOMMENDATION
(Agency) and Maxi Foods to work out the terms of a Disposition and Development
Agreement for the acquisition of property located at 1051 West Rosecrans Avenue in the
Compton Redevelopment Project Area in connection with the Agency’s 2010 Tax
Allocation Bond Program.
DR. KOFI SEFA-BOAKYE
DIRECTOR OF REDEVELOPMENT
WILLIE NORFLEET
EXECUTIVE SECRETARY
-2-
#1.
RESOLUTION NO. __________
COMMISSION, ACTING AS THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF COMPTON AUTHORIZING THE EXECUTIVE SECRETARY
TO ENTER INTO AN EXCLUSIVE NEGOTIATION AGREEMENT BETWEEN
THE COMMUNITY REDEVELOPMENT AGENCY AND MAXI FOODS TO
WORK OUT THE TERMS AND CONDITIONS OF A DISPOSITION AND
DEVELOPMENT AGREEMENT FOR THE ACQUISITION AND DEVELOPMENT
OF CERTAIN PPROPERTY LOCATED IN THE COMPTON REDEVELOPMENT
PROJECT AREA IN CONNECTION WITH
THE AGENCY'S 2010 TAX
WHEREAS, the Community Redevelopment Agency of the City of Compton (the
"Agency") is carrying out the Redevelopment Plan for the Compton Redevelopment Project
Area, as merged and amended by Ordinance No. 2,114 adopted by the City Council on
November 16, 2004; and
WHEREAS, in the ongoing efforts of to rebrand and market the image of the City
of Compton, the Agency has carried the vision of Birthing a New Compton to
International, National, Commercial, Retail and Industrial development arenas. In May 2010
and September 2010 the Agency attended the International Convention of Shopping Center
(ICSC) Conferences in Las Vegas and San Diego respectively to showcase the City of
Compton as a rising and viable destination place for development; and
WHEREAS, as a result of these aggressive marketing efforts during these
Conferences, the Agency has obtained a proposal from Maxi Foods is a successful
recognized leader in the development of high quality Full Service Grocery stores and
neighborhood centers projects for acquisition and development of certain property located at
1051 West Rosecrans Avenue; and
WHEREAS, the founders of Maxi Foods and Baja Ranch have successfully owned
and operated neighborhood grocery stores since 1972. The company was founded with a
shared vision of providing the under-served consumer with high quality meats, fruits and
vegetables in addition to a full supermarket selection of grocery items all at value prices. By
maintaining a privately-owned distribution center, Maxi Foods is able to limit costs and
ensure delivery of quality fresh goods; and
WHEREAS, within the portfolio of thirteen stores, the Maxi Foods and Baja Ranch
Market brands have locations in the Southern California cities of Pasadena, Altadena,
Monrovia, Covina, Victorville and Riverside. Maxi Foods prides itself on being a
neighborhood supermarket with food and household goods which are sought after by the
area’s clientele. Given that Maxi Foods currently operates stores in neighborhoods similar
to the location at 1051 W. Rosecrans - mainly African-American and Latino patrons, the
ownership feels that it would be a great fit at this site. Maxi Foods understands the needs of
its patrons and provides Brand-name products along with specialty goods for home-cooked
meals; and
WHEREAS, in order to fulfill the objectives of the proposed development, Maxi
Foods is requesting an exclusive negotiation agreement (ENA) for period of 6 months to
work the terms of negotiations with the Agency culminating in a Disposition and
Development Agreement (DDA). The developer’s proposal calls for construction and
development of a Full Service Grocery store that will be incorporated into Gonzales Park as
part of the development design and concept.
NOW, THEREFORE, THE URBAN COMMUNITY DEVELOPMENT
COMMISSION, ACTING AS THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF COMPTON, DOES HEREBY RESOLVE AS FOLLOWS:
-3-
#1.
Resolution No. ______________
Page 2
Section 1. That the Executive Secretary is hereby authorized to enter into Exclusive
Negotiation Agreement for a period of six (6) months with the Maxi Foods for acquisition and
development of certain property located at 1051 West Rosecrans Avenue located in the
Compton Redevelopment Project Area.
Section 2.
That the Agency has funds in the amount of $1,000,000.00 available
within its 2010 Tax Allocation Bond funds in account number #3050-800-021-4266.
Section 3. That a certified copy of this resolution shall be filed in the offices of the
Executive Secretary, City Attorney, City Controller, Community Redevelopment Agency, and
Clerk.
Section 4. That the Chairman shall sign and the Clerk shall attest to the adoption of
this resolution.
ADOPTED this _____ day of ___________, 2011
_________________________________________
CHAIRMAN OF THE URBAN COMMUNITY
DEVELOPMENT COMMISSION
ATTEST:
_____________________________________
CLERK OF THE URBAN COMMUNITY
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF COMPTON: ss
I, Alita Godwin, Clerk of the Urban Community Development Commission of the City
of Compton, hereby certify that the foregoing resolution was adopted by the Commission,
signed by the Chairman, and attested by the Clerk at the regular meeting thereof held on the
_____ day of __________, 2011.
That said resolution was adopted by the following vote, to wit:
AYES: COMMISSIONERSNOES: COMMISSIONERSABSENT: COMMISSIONERS-
_____________________________________
-4-
#1.
March 2, 2011
Dr. Kofi Sefa-Boakye
Mr. Michael Antwine
205 S. Willowbrook Avenue
Compton, CA 90220
RE: Possible Location for Maxi Foods Market - 1051 W. Rosecrans Avenue, Compton, CA
Dear Dr. Sefa-Boakye and Mr. Antwine,
Maxi Foods is expanding its presence in Southern California and is very interested in the City of
Compton. Within the portfolio of thirteen stores, the Maxi Foods and Baja Ranch Market brands have
locations in the Southern California cities of Pasadena, Altadena, Monrovia, Covina, Victorville and
Riverside. Maxi Foods prides itself on being a neighborhood supermarket with food and household
goods which are sought after by the area’s clientele. Given that Maxi Foods currently operates stores in
neighborhoods similar to the location at 1051 W. Rosecrans - mainly African-American and Latino
patrons, the ownership feels that it would be a great fit at this site. Maxi Foods understands the needs
of its patrons and provides brand-name products along with specialty goods for home-cooked meals.
Maxi Foods understands the property is currently in negotiations to be acquired by the Redevelopment
Agency with tax exempt bond funds. It is Maxi Food’s intent on purchasing the property from the
Agency and making substantial improvements to the entire property. Maxi Foods is strongly willing to
work diligently, within the Agency’s and City’s visions, to substantial improve the property’s façade,
interior, landscaping and perimeter. In addition, Maxi Foods would appreciate the opportunity to
participate in the beautification of the neighboring Gonzales Park picnic area. It would mutually benefit
both the City of Compton and Maxi Foods to improve the Gonzales Park picnic area for use by Compton
citizens and patrons of the supermarket.
Due to the structure of our firm, we are able to minimize costs by upgrading the existing building and
site with our own group of specialists. Our specialists have held positions and worked on similar
projects with such organizations as Ralph’s, Vons and Alpha Beta and are well-versed and proficient in
bringing the existing structure to meet or exceed the Agency’s expectations. Since Maxi Foods will not
need to contract with a developer, it will expedite the process and alleviate overhead costs for the
project.
The founders of Maxi Foods and Baja Ranch have successfully owned and operated neighborhood
grocery stores since 1972. The company was founded with a shared vision of providing the under-served
consumer with high quality meats, fruits and vegetables in addition to a full supermarket selection of
grocery items all at value prices. By maintaining a privately-owned distribution center, Maxi Foods is
able to limit costs and ensure delivery of quality fresh goods.
-5-
#1.
We at Maxi Foods appreciate the opportunity to open a market in the City of Compton and provide its
citizens with a high quality choice for their grocery shopping. We look forward to hearing from you soon
and answering any questions you may have regarding our operations and the proposed location at 1051
W. Rosecrans.
Sincerely,
Aner Iglesias
President & Principal
-6-
-7-
#1.
#1.
-8-
#1.
PROPERTY PROFILE
PROPERTY INFORMATION
Addresses: 1051 W Rosecrans Ave, Compton, CA 90222
Assessor Parcel Number: 6144-018-008
Property Type: Commercial/Residential
Lot Size: 1.57 Acres
Nearest Intersection: The property is located on the Southeast corner of N Dwight Avenue
and W Rosecrans Avenue.
PROPERTY IMAGES
I.
Aerial Photo
II.
Parcel Map
Created on 1/11/2011
-9-
#1.
RESOLUTION SIGN-OFF FORM
DEPARTMENT:
Community Redevelopement
RESOLUTION TITLE:
AGENCY OF THE CITY OF COMPTON AUTHORIZING THE
EXECUTIVE SECRETARY TO ENTER INTO AN EXCLUSIVE
NEGOTIATION AGREEMENT BETWEEN THE COMMUNITY
REDEVELOPMENT AGENCY AND MAXI FOODS TO WORK OUT
THE TERMS AND CONDITIONS OF A DISPOSITION AND
DEVELOPMENT AGREEMENT FOR THE ACQUISITION AND
DEVELOPMENT OF CERTAIN PPROPERTY LOCATED IN THE
COMPTON REDEVELOPMENT PROJECT AREA IN CONNECTION
WITH THE AGENCY'S 2010 TAX ALLOCATION BOND PROGRAM
<ManagersName>
<ManagersDate>
DEPARTMENT MANAGER’S SIGNATURE
DATE
REVIEW / APPROVAL
<LegalName>
<LegalDate>
CITY ATTORNEY
DATE
<ControllerName>
<ControllerDate>
CITY CONTROLLER
DATE
<CityManager>
<CityManagerDate>
CITY MANAGER
DATE
Use when:
Public Works:
When contracting for Engineering Services.
City Attorney:
When contracting for legal services; contracts that require City Attorney’s review.
Controller/Budget Officer: Amending Budget; appropriating and/or transferring funds; adding and/or deleting
positions; any resolution having account numbers.
Asst. City Manager/OAS: All personnel actions.
-10-
#2.
March 11, 2011
TO:
FROM:
EXECUTIVE SECRETARY
SUBJECT:
COMMISSION,
ACTING
AS
THE
COMMUNITY
COMMUNITY REDEVELOPMENT AGENCY AND WALBERN
DEVELOPMENT TO WORK OUT THE TERMS AND CONDITIONS
OF A DISPOSITION AND DEVELOPMENT AGREEMENT FOR THE
ACQUISITION AND DEVELOPMENT OF CERTAIN PROPERTY
LOCATED IN THE COMPTON REDEVELOPMENT PROJECT
AREA IN CONNECTION WITH
THE AGENCY’S 2010 TAX
SUMMARY
(Agency) and Walbern Development to work out the terms of a Disposition and
Development Agreement for the acquisition of Agency owned property located at 20002024 West Compton Boulevard in the Compton Redevelopment Project Area in connection
with the Agency’s 2010 Tax Allocation Bond Program.
BACKGROUND
As a result of these aggressive marketing efforts during these conferences, the Agency has
obtained a proposal from Walbern Development a recognized leader in the development of
high quality retail commercial projects for acquisition and development of certain Agency
owned property located at the Southwest Corner of Compton Boulevard and Central Avenue
(2000 – 2024 West Compton Boulevard). The subject site was the former F&C liquor store.
In order to fulfill the objectives of the proposed development, Walbern Development is
requesting an exclusive negotiation agreement (ENA) for period of 4 months to work the
terms of negotiations with the Agency culminating in a Disposition and Development
Agreement (DDA).
Key components of the developer’s proposal call for construction of a prime retail outlet that
would include commercial/retail amenities and businesses including a National Financial
Banking Institution, National Retail Pharmacy, and Restaurant uses. As a complement to the
proposed development, the Agency has secured a Letter of Interest (LOI) from Chase Bank
to locate at the site. These developments for this site, demonstrate the earnest commitment
from the retail and private sector interest to do business in the City of Compton.
-11-
#2.
FISCAL IMPACT
The Agency has funds available in its 2010 Tax Allocation Bond program in the amount of
$1,000,000.00 in account number# 3050-800-012-4266.
RECOMMENDATION
(Agency) and Walbern Development to work out the terms of a Disposition and
Development Agreement for the acquisition of Agency owned property located at 20002024 West Compton Boulevard in the Compton Redevelopment Project Area in connection
with the Agency’s 2010 Tax Allocation Bond Program.
WILLIE NORFLEET
EXECUTIVE SECRETARY
-12-
#2.
THE
COMMUNITY
REDEVELOPMENT
AGENCY
AND
WALBERN
DEVELOPMENT TO WORK OUT THE TERMS AND CONDITIONS OF A
DISPOSITION AND DEVELOPMENT AGREEMENT FOR THE ACQUISITION
AND DEVELOPMENT OF CERTAIN PROPERTY LOCATED IN THE COMPTON
REDEVELOPMENT PROJECT AREA IN CONNECTION WITH THE AGENCY’S
2010 TAX ALLOCATION BOND PROGRAM
Conferences, the Agency has obtained a proposal from Walbern Development a recognized
leader in the development of high quality retail commercial projects for acquisition and
development of certain Agency owned property located at the Southwest Corner of
Compton Boulevard and Central Avenue (2000 – 2024 West Compton Boulevard). The
subject site was the former F&C liquor store; and
WHEREAS, key components of the developer’s proposal call for construction of a
prime retail outlet that would include commercial/retail amenities and businesses including a
National Financial Banking Institution, National Retail Pharmacy, and Restaurant uses. As a
complement to the proposed development, the Agency has secured a Letter of Interest (LOI)
from Chase Bank to locate at the site. These developments for this site, demonstrate the
earnest commitment from the retail and private sector interest to do business in the City of
Compton; and
WHEREAS, in order to fulfill the objectives of the proposed development, Walbern
is requesting an exclusive negotiation agreement (ENA) for period of 6 months to work out
the terms of negotiations with the Agency culminating in a Disposition and Development
Agreement (DDA).
Negotiation Agreement for a period of six (6) months with the Walbern Development for
acquisition and development of certain Agency owned property (2000-2024 West Compton
Boulevard) located in the Compton Redevelopment Project Area.
Section 2.
That the Agency has funds available in its 2010 Tax Allocation Bond
program in the amount of $1,000,000.00 in account number# 3050-800-012-4266.
Clerk.
-13-
#2.
Resolution No. __________
Page 2
this resolution.
_________________________________________
ATTEST:
_____________________________________
STATE OF CALIFORNIA
CITY OF COMPTON: ss
_____ day of __________, 2011.
AYES: COMMISSIONERS NOES: COMMISSIONERS ABSENT: COMMISSIONERS -
_____________________________________
-14-
#2.
Compton & Central Development Proposal 1
Walbern Development
Southwest Corner of Compton Boulevard
and Central Avenue Development Proposal
City of Compton Community Redevelopment Agency
Walbern Development
February 25, 2011
-15-
#2.
Table of Contents
Description of Firm .............................................................................................................................................. 2
Mission .................................................................................................................................................................................... 2
Quality and Innovation ..................................................................................................................................................... 2
Our Values.............................................................................................................................................................................. 2
Development Capabilities .................................................................................................................................. 3
Good partner, good neighbor......................................................................................................................................... 3
Development Scheme .......................................................................................................................................... 4
Proposed Project................................................................................................................................................................. 4
Proposed Tenant Mix ........................................................................................................................................................ 4
Preliminary Site Rendering ............................................................................................................................... 5
Development Experience ................................................................................................................................... 6
Completed Walbern Development Commercial Projects................................................................................... 6
Completed Walbern Development Residential Projects .................................................................................... 6
Walbern Development Commercial Projects under Development ................................................................ 6
Walbern Development Residential Projects under Development.................................................................. 6
Biography ................................................................................................................................................................. 7
Background ........................................................................................................................................................................... 7
Development Philosophy ................................................................................................................................................ 7
Walbern Development
February 25, 2011
-16-
#2.
February 25, 2011
Dr. Kofi Sefa-Boakye, Director
Mr. Michael Antwine, Deputy Director
205 South Willowbrook Avenue
Compton, CA 90220
RE: Southwest Corner of Compton Blvd. & Central Ave. - Request for Exclusive Negotiation Agreement
Dear Dr. Sefa-Boakye & Mr. Antwine:
The Walbern Development Company is pleased to offer this request for award of an Exclusive
Negotiation Agreement (“ENA”) for the southwest corner of Compton Boulevard & Central Avenue
(“Project Site”). The Walbern Development Company intends to enter into an Exclusive Negotiation
Agreement with the City of Compton Community Redevelopment Agency (“Agency”) for the
development of a commercial center at the Project Site.
It is our understanding that the site previously included dilapidated and blighted structures that have
been demolished and removed. Walbern Development believes that the redevelopment of these
properties into a commercial project will assist the Agency in its revitalization goals, and provide
additional retail and dining opportunities for Compton residents. In addition, the revitalization of this
key intersection will help signify Compton’s ongoing transformation.
The Walbern Development requests an ENA covering the following parcels of real property located at
2200 West Compton Boulevard. The Walbern Development proposes an ENA that would be in effect for
a one hundred and eighty (180) day period following the effective date of the ENA. At the termination of
the ENA period, a development and disposition agreement would be formulated and entered into
between the Walbern Development and the Agency. The Walbern Development understands that while
the Agency may have many firms interested in the site, the proposal of the Walbern Development
separates itself because;
1.
2.
3.
4.
it is fully capitalized and does not require financing to undertake the proposed development;
it proposes to execute leases with tenants within 120 days of the ENA execution;
it proposes an ENA deposit of $25,000; and
it is a high quality developer with a proven retail track record.
Walbern Development’s in-depth knowledge of commercial development and leasing coupled with the
Agency’s foresight will result in a transformative place for Compton residents. In addition, it is our
intention to make maximum use of local labor within an overall strategy of efficiency and effectiveness.
Sincerely,
Matt Waken
President
Walbern Development
Walbern Development
February 25, 2011
-17-
#2.
Description of Firm
Mission
The Walbern Development is a regional developer of successful community shopping centers; focusing
its efforts on smaller parcels that when developed properly, can have a significant impact on the
community.
Quality and Innovation
Quality is the underlying foundation for every Walbern Development project. We believe that
employing local talent and labor will always yield higher dividends for both our investors and the
community we serve. The Walbern Development is committed to employing the latest technology and
methods, which produce superior shopping centers.
Our Values
We believe in quality service to our customers. The primary reason we are in business is to serve
our customers. Our customers are the tenants in our shopping centers and investment partners.
When we serve our customers well, success follows.
We believe that by using sound judgment and thorough diligence, combined with disciplined
entrepreneurship, we can be the industry leader in a highly competitive and ever-changing
market. Additionally, we seek to create value for our customers and partners through leadingedge operating systems and ongoing process improvements.
We believe the capital and trust that our shareholders have invested in our company are
precious assets.
We believe that our people are our most important resource. Our staff is key in providing
customers with quality service, creating and executing industry-leading systems and in building
value.
We believe in teamwork. Pooling the multifaceted talents of the team will produce results that
are best for our customers and for the company.
We believe in being good stewards of our communities through developing and operating
thriving and environmentally sustainable shopping centers and contributing to the betterment
of our communities are in the best interest of our company and our people.
Walbern Development
February 25, 2011
-18-
#2.
Development Capabilities
Working with the community is paramount. From the outset, The Walbern Development develops
centers understanding whom our tenants will serve. Merchandising expertise and sensitivities to the
local communities plays an invaluable role in working with municipalities to secure critical entitlements,
to stay on course and on time.
Community support begets political support. Walbern Development’s ability to self-fund gives us the
distinct advantage of being able to move quickly to capitalize on opportunities, as well as the flexibility
to consider complex or long-term projects because we have the resources to see them through.
Good partner, good neighbor.
Being good stewards of the communities we serve is one of Walbern Development’s core beliefs. We
know that the key to success is collaboration.
Walbern Development
February 25, 2011
-19-
#2.
Development Scheme
Proposed Project
The proposed development scheme will consist of a neighborhood commercial center with
approximately 20,000 sq.ft. of development. The Walbern Development understands the Agency’s
desire to maximize the development potential of the site.
Walbern Development will make every effort to employ local labor and talent for the design and
construction of the project. The center will be a Class-A retail shopping center, featuring a beautiful
and inviting water feature, in keeping with Compton’s overall smart growth designs and proposed
aesthetics. In addition, ample outdoor seating will be provided to create a sense of place and
community for Compton residents. Lastly, a landscape architect will be an integral part of the design
team, to ensure that deciduous and drought resistant plants are used to create a lush and vibrant feel.
Proposed Tenant Mix
The Walbern Development has reached out to various national retailers regarding the proposed project,
and received positive feedback from a number of retailers including Chase Bank who has submitted a
Letter of Interest for the Project Site. Discussions with retailers, in particular several restaurants, are
ongoing. Walbern Development has committed to self-finance the construction of the Project and
would require no financing contingencies to proceed with any portion of the development.
Walbern Development
February 25, 2011
-20-
#2.
Preliminary Site Rendering
Walbern Development
February 25, 2011
-21-
#2.
Development Experience
Completed Walbern Development Commercial Projects
223 North First Street, Arcadia, CA
488 Santa Clara, Arcadia, CA
1201 North Todd, Azusa, CA
Carlsbad Plaza North, Carlsbad, CA
Carlsbad Plaza South, Carlsbad, CA
K-Mart Center, Albuquerque, NM
Hacienda Plaza, Hacienda Heights, CA
22,000 SF Office Building
90,000 SF Office Building
200,000 SF Industrial Project
200,000 SF Von’s Anchored Center
90,000 SF Smart & Final Center
100,000 SF K-Mart Anchored Center
90,000 SF Ralph’s Anchored Center
Completed Walbern Development Residential Projects
Southern California
Albuquerque, NM
600 S. Orange Grove, Pasadena, CA
Mayflower & Duarte Rd., Monrovia, CA
Verdimont, CA
250+ Single Family Units
1,000 Apartment Units
6 unit Luxury Condominium Project
5 unit Planned Unit Development
100-lot subdivision
Walbern Development Commercial Projects under Development
11 acres, Pomona, CA
7232 Rosemead Blvd., San Gabriel, CA
4 acres, Whittier, CA
3 acres Lancaster, CA
13127 Garvey, Baldwin Park, CA
25 acres, Pomona, CA
5-Acre Outparcel, Yucca Valley, CA
9-Acre Parcel, Hesperia, CA
Grocery Anchored Center
Retail Strip Development
Retail Development
Retail Development
Industrial Project
Retail Development
Home Depot Anchored Center, PetsMart, 99 Cent Store,
Farmer Boys, and Auto Zone
Arco Gas Station, Jack in the Box, Starbucks, Hotel
Walbern Development Residential Projects under Development
1402 California, Monrovia, CA
4704 Peck Road, El Monte, CA
10240 Commerce, Tujunga, CA
16 Unit Live/Work Lofts
39 Unit Mixed-Use Project
18 Unit Apartment Complex
Walbern Development
February 25, 2011
-22-
#2.
Biography
Matthew J. Waken
29222 Rancho Viejo Road, Suite 207
San Juan Capistrano, CA 92675
(626) 710-6377
Background
After graduating from USC in 1992, Matt took over the management of the H.C. and J.M. Waken Family
Trust. With the investment backing of his trust and twenty West San Gabriel Valley Physicians for over
thirty years, Matt was able to develop numerous office, residential, retail and industrial projects. Along
with the projects listed in this proposal, Matt also developed over 500 Single Family Custom Homes and
Condominiums in various cities across the San Gabriel Valley.
Development Philosophy
As Manager of the Waken Family Trust, Matt seeks development opportunities by targeting growth
urban and major metropolitan areas that have desirable housing, employment, demographic, traffic and
other economic attributes for successful development projects. Matt’s development strategy shall
include the following:
Acquire land parcels to develop and sell build-to-suit buildings.
Acquire, entitle and develop vacant land for retail development consisting of retail shop space,
pad sites for major tenants and build-to-suit buildings. Based on market conditions, the
Walbern Development may hold operating ground leases and retail shop spaces for periods of
up to five years.
Seek opportunities to redevelop value added properties located in major metropolitan areas
that exhibit strong demographics and employment growth.
Acquire strategic residential and retail portfolios that offer value added opportunities.
Walbern Development
February 25, 2011
-23-
#2.
Property Profile
Property Information
Site Address: 2000 WEST COMPTON BLVD, COMPTON, CA 90220
Property Type: COMMERCIAL/INDUSTRIAL
Lot Size: 3,527 S.F / 0.0812 ACRES
Nearest Intersection: The property is located on the south west corner of W. Compton Blvd
and S. Central Ave.
Property Images
A. Parcel Map: 2000 West Compton Blvd
B. Aerial Photo: 2000 West Compton Blvd, Compton, CA 90220
-24-
Property Profile
Property Type: VACANT LAND
Lot Size: 21,584 S.F. / 0.4955 ACRES
Nearest Intersection: The property is located along W. Compton Blvd facing north near the
south west corner of W. Compton Blvd and S. Central Ave.
Property Images
B. Aerial Photo: 2008 West Compton Blvd
-25-
#2.
#2.
Property Profile
Site Address: 2012WEST COMPTON BLVD, COMPTON, CA 90220
Nearest Intersection: The property is located along West Compton Blvd facing north
between S. Amantha Ave. and S. Central Ave.
Property Images
-26-
Property Profile
Nearest Intersection: The property is located along on the south east corner of S. Amantha
Ave. and W. Compton Blvd.
Property Images
-27-
#2.
#2.
DEPARTMENT:
RESOLUTION TITLE:
REDEVELOPMENT AGENCY AND WALBERN DEVELOPMENT TO
WORK OUT THE TERMS AND CONDITIONS OF A DISPOSITION
AND DEVELOPMENT AGREEMENT FOR THE ACQUISITION AND
DEVELOPMENT OF CERTAIN PROPERTY LOCATED IN THE
WITH THE AGENCY’S 2010 TAX ALLOCATION BOND PROGRAM
Kofi Sefa-Boakye
3/8/2011 1:15:50 PM
DATE
REVIEW / APPROVAL
Ruth Rugley
3/10/2011 5:51:08 PM
CITY ATTORNEY
DATE
Stephen Ajobiewe
3/10/2011 5:42:57 PM
CITY CONTROLLER
DATE
Willie Norfleet
3/10/2011 5:18:41 PM
CITY MANAGER
DATE
Use when:
Public Works:
City Attorney:
-28-
#3.
March 11, 2011
TO:
FROM:
EXECUTIVE SECRETARY
SUBJECT:
COMMISSION,
ACTING
AS
THE
COMMUNITY
COMMUNITY REDEVELOPMENT AGENCY AND YAVITZ
COMPANIES, INC. TO WORK OUT THE TERMS AND
CONDITIONS OF A DISPOSITION AND DEVELOPMENT
AGREEMENT FOR THE ACQUISITION AND DEVELOPMENT OF
CERTAIN
PROPERTY
LOCATED
IN
THE
COMPTON
REDEVELOPMENT PROJECT AREA IN CONNECTION WITH
THE AGENCY’S 2010 TAX ALLOCATION BOND PROGRAM
SUMMARY
(Agency) and Yavitz Companies, Inc. to work out the terms of a Disposition and
Development Agreement for the acquisition of Agency owned property located at 413 – 415
West Compton Boulevard in the Compton Redevelopment Project Area in connection with
the Agency’s 2010 Tax Allocation Bond Program.
BACKGROUND
As a result of these aggressive marketing efforts during these conferences, the Agency has
obtained a proposal from Yavitz Companies, Inc. for development of the site. Yavitz has
developed twenty-six (26) commercial retail shopping centers in Southern California. The
principal partners of the Yavitz Companies, Inc. are Willie McGinest, Jim Wood, Sandra
Yavitz, and Patrick Wood. Yavitz Companies, Inc. will be buying, entitling, financing,
leasing and building this project. Yavitz has more than 30 years of development experience
in California, and have developed and leased more than 4,000,000 square feet of retail,
commercial and mixed-use properties. Yavitz develops high quality commercial, retail
centers and have proposed to acquire and development certain Agency-owned property
located at the 413 - 415 West Compton Boulevard.
In order to fulfill the objectives of the proposed development, Yavitz Companies, Inc. is
requesting an exclusive negotiation agreement (ENA) for period of 6 months to work the
terms of negotiations with the Agency culminating in a Disposition and Development
Agreement (DDA).
The developer is proposing to develop a mixed use commercial retail center and has had
initial discussions with retail tenants such as: Coffee Bean, Quick-Serve/Dine-In
Restaurants, Chipotle, Dollar Tree, 99 Cents Only Stores and high quality Office space.
-29-
#3.
These developments for this site, demonstrate the earnest commitment from the retail and
private sector interest to do business in the City of Compton.
FISCAL IMPACT
The Agency has funds available in its 2010 Tax Allocation Bond program in the amount of
$100,704.57 in account number# 3040-800-007-4266.
RECOMMENDATION
(Agency) and Yavitz Companies, Inc. to work out the terms of a Disposition and
Development Agreement for the acquisition of Agency owned property located at 413 - 415
West Compton Boulevard in the Compton Redevelopment Project Area in connection with
the Agency’s 2010 Tax Allocation Bond Program.
WILLIE NORFLEET
EXECUTIVE SECRETARY
-30-
#3.
THE COMMUNITY REDEVELOPMENT AGENCY AND YAVITZ COMPANIES,
INC. TO WORK OUT THE TERMS AND CONDITIONS OF A DISPOSITION AND
DEVELOPMENT AGREEMENT FOR THE ACQUISITION AND DEVELOPMENT
OF CERTAIN PROPERTY LOCATED IN THE COMPTON REDEVELOPMENT
PROJECT AREA IN CONNECTION WITH
THE AGENCY’S 2010 TAX
conferences, the Agency has obtained a proposal from Yavitz Companies, Inc. for
development of the site. Yavitz has developed twenty-six (26) commercial retail shopping
centers in Southern California. The principal partners of the Yavitz Companies, Inc. are
Willie McGinest, Jim Wood, Sandra Yavitz, and Patrick Wood. Yavitz Companies, Inc.
will be buying, entitling, financing, leasing and building this project. Yavitz has more than
30 years of development experience in California, and have developed and leased more than
4,000,000 square feet of retail, commercial and mixed-use properties; and
WHEREAS, Yavitz develops high quality commercial, retail centers and have
proposed to acquire and development certain Agency-owned property located at the 413 415 West Compton Boulevard; and
WHEREAS, the developer is proposing to develop a mixed use commercial retail
center and has had initial discussions with retail tenants such as: Coffee Bean, QuickServe/Dine-In Restaurants, Chipotle, Dollar Tree, 99 Cents Only Stores and high quality
Office space. These developments for this site, demonstrate the earnest commitment from
the retail and private sector interest to do business in the City of Compton; and
WHEREAS, In order to fulfill the objectives of the proposed development, Yavitz
Companies, Inc. is requesting an exclusive negotiation agreement (ENA) for period of 6
months to work the terms of negotiations with the Agency culminating in a Disposition and
Development Agreement (DDA).
Negotiation Agreement for a period of six (6) months with the Yavitz Companies, Inc. for
acquisition and development of certain Agency owned property located at 413-415 West
Compton Boulevard in the Compton Redevelopment Project Area.
Section 2.
That the Agency has funds available in its 2010 Tax Allocation Bond
program in the amount of $100,704.57 in account number# 3050-800-007-4266.
-31-
#3.
Resolution No. __________
Page 2
Clerk.
this resolution.
_________________________________________
ATTEST:
_____________________________________
STATE OF CALIFORNIA
CITY OF COMPTON: ss
_____ day of __________, 2011.
AYES: COMMISSIONERSNOES: COMMISSIONERSABSENT: COMMISSIONERS-
_____________________________________
-32-
#3.
-33-
#3.
BIOGRAPHY
Willie McGinest, Jim Wood, Sandra Yavitz, and Patrick Wood make up the development
team for the Shops at Highland. WilMac Entertainment, Wood Investments and Yavitz
Companies, Inc. in a partnership will be buying, entitling, financing, leasing and building
this project as one group. Between the three companies they have more than 30 years of
development experience in California. They have, through a variety of affiliated entities,
collectively developed and acquired more than 4,000,000 square feet of retail,
commercial and mixed-use properties.
WILLIE McGINEST – 55 Entertainment/Wilmac
Willie McGinest was drafted out of the University of Southern California by the Patriots
in the first round of the 1994 NFL Draft. From there he worked tirelessly to become one
of the most electric and formidable defenders in the team’s history. He was instrumental
in leading New England to Super Bowl Championships in 2002, 2004, and 2005. Before
his playing days in college and the NFL Willie was a standout Linebacker at Long Beach
Polytechnic High School where he earned Prep All – American honors and was a model
student. Wanting to stay close to home Willie chose the University of Southern California
to play college ball so his family and friends could watch him play.
Willie is now CEO of a multifaceted entertainment company called “55 Entertainment”
which encompasses charitable work, event planning, real estate development and the
record label 55 Records. Willie was also selected as one of Southern California’s a
franchisee’s for WingStop restaurants and Swirlz Yogurt.
Willie has used his leadership in the locker room and has successfully carried that over
into the business realm. His commentating, hosting, and acting skills can be seen on such
networks as The NFL Network, Fox Sports Net, ESPN and more. He has also graced
numerous television and radio commercials and made guest appearances on several
sitcoms including a 2007 episode of “The Game” on the CW Network. Willie was named
one of Essence Magazine’s 2008 “Do Right Men,” highlighting his philanthropic
endeavors and accomplishments and in 2009 Willie was voted as one of the twenty
hottest influencers by Urban Influence Magazine.
Willie’s greatest attributes are the personality and compassion behind his 6’5” 270-pound
frame. He holds a degree in public administration and has always championed the
communities and charities both where he plays and in his native Southern California. He
hits the red carpet to support events such as the “NAACP Image Awards” and “Kid’s
Choice Awards” as well as the “ESPY’s.” Willie is especially dedicated to children’s
causes and takes every opportunity to help underprivileged children through his nonprofit organization, The Willie McGinest Foundation. As he says, giving back is “what it
really is all about,” and his endless hours of work are the proof. Former teammate Troy
Brown puts it best, “That's Willie. He's the engine that won't stop.”
-34-
#3.
JAMES T. WOOD
He received his Bachelor of Science degree from Loyola University in 1966 and then
attended the University of Southern California, where he received an MBA in 1970.
In 1970, Jim joined Coldwell Banker Commercial Brokerage Co. (now known as
CB/Richard Ellis Commercial) as a sales agent specializing in retail commercial
properties, and in 1977 he became the sales manager for the Newport Beach office of
Coldwell Banker. In 1978 he left Coldwell Banker to develop neighborhood and
community shopping centers and in 1980 he formed Koenig & Wood Development Co.,
which developed a number of shopping centers throughout Los Angeles, Ventura and
Orange Counties. In 1988, he formed Wood Investments, Inc., a real estate investment
and development company. As President of Wood Investments, Inc., Jim continues to
develop neighborhood shopping centers with a particular emphasis on infill locations
and the redevelopment of existing antiquated centers.
SANDRA G. YAVITZ – Yavitz Companies, Inc.
Sandra was born and raised in Los Angeles and received a Bachelor of Science Degree
with Honors from Arizona State University in 1976 and a Juris Doctorate Degree from
Loyola University School of Law in 1979.
Sandra has worked in the field of real estate development for more than thirty years.
Sandra has extensive knowledge and hands on experience with site acquisition, lease
negotiations, entitlements and construction and has held numerous positions of
responsibility in the real estate industry.
Prior to forming Yavitz Companies, Inc. in 2003, a real estate development and
consulting company, Sandra held the position of Senior Vice President of Leasing and
Acquisition for Caruso Affiliated Holdings for over seven (7) years where she was
instrumental in developing The Grove in Los Angeles. Previously, Sandra was Vice
President of Real Estate for Ralphs Grocery Company for more than seven (7) years
where she acquired sites for new and relocated stores throughout Southern California.
Commencing in 1983 Sandra spent eight (8) years with the Carver Companies in the role
of Vice President of Development. While with Carver Companies, Sandra succeeded in
developing over 1,000,000 square feet of neighborhood and community shopping centers
in the Coachella Valley, as well as Las Vegas.
PATRICK M. WOOD – Yavitz Companies, Inc.
Patrick attended Northeastern University in Boston, Massachusetts on a football
scholarship. Patrick transferred to The University of Southern California in 1996. He
received his Bachelor of Science degree in Urban Planning and Development from USC
in 2000.
-35-
#3.
In 2000, Patrick joined Neofin, Inc. (in Laguna Beach as the Manager of Sales &
Marketing. In 2002 after two years at Neofin, Patrick went into the Real Estate
Commercial Brokerage business with Lee and Associates as Retail Associate. In 2004
Patrick joined Grubb and Ellis Commercial Brokerage as a sales agent specializing in
retail commercial properties and development projects in Southern California. In 2005
he left Grubb and Ellis to develop neighborhood and community shopping centers at
Yavitz Companies, Inc. Yavitz Companies is currently developing a number of shopping
centers throughout Los Angeles, Kern and Orange Counties. As a member of Yavitz
Companies, Patrick continues to manage and develop 1-4 acre neighborhood shopping
centers with a specific emphasis on infill locations and the redevelopment of existing
outdated centers.
-36-
#3.
-37-
#3.
YAVITZ COMPANIES, INC.
&
WOOD INVESTMENTS, INC.
PARTIAL PROJECT RESUME
1. CVS, Niles and Fairfax, Bakersfield, California. 2.07 acres that is Ground
Leased to CVS Caremark at the Main Intersection in Northeast Bakersfield at the
NEC of Niles and Fairfax.
2. WalMart Center, Lancaster, California. 40 acre development at the NWC of
20th and Ave J anchored by Wal-Mart Super Center, Bank of America, KFC, Jack
N The Box, Del Taco and Panda Express.
3. Quartz Hill Town Center, Lancaster, California. A multi-phased 178,838
square foot shopping center situated on 16.94 acres of land. Phase I is completed
and the major anchors are Vons, Sav-On, Burger King and Chevron.
4. Downtown Santa Barbara, California. Development of a freestanding 44,300
square foot building on approximately 2.7 acres of land at the corner of Carrillo
and Chapala in downtown Santa Barbara. The project is leased to Ralphs Grocery
Company which is operating a Ralphs Fresh Fare Market and includes both surface
and subterranean parking.
5. Olympic & Barrington, West Los Angeles, California. A freestanding 49,250
square foot building situated on 3.03 acres of land. The building is leased to
Ralphs Grocery Company and has been the No. 1 store in the Ralphs chain in
annual sales volume.
6. 3rd & La Brea Plaza, Los Angeles, California. A freestanding 40,000 square
foot building situated on 2.94 acres of land. The building is leased to Ralphs
Grocery Company and has been the No. 2 store in the Ralphs chain in annual sales
volume.
7. Meadowlark Plaza, Huntington Beach, California. A 125,555 square foot
shopping center situated on 12.35 acres of land. The major anchors are Longs
Drugs and Ralphs Grocery Company.
-38-
#3.
8. Victory & Fallbrook, Canoga Park, California. A freestanding 51,850 square
foot building situated on 3.54 acres of land adjacent to the Fallbrook Mall in
Canoga Park, California. The building is leased to Ralphs Grocery Company.
9. 17th and Tustin, Costa Mesa, California. Redevelopment of an existing
shopping center located on Tustin Avenue in Costa Mesa, California including the
demolition of a corner gas station and approximately 6,000 square feet of existing
shop space and the expansion of the Ralphs market to 45,000 square feet.
10. Spectrum Corporate Plaza, Westlake, California. A 61,500 square foot office
complex on 4.2 acres of land comprised of one 2-story office building and two 1story office buildings.
11. Del Obispo Plaza, San Juan Capistrano, California. A 79,800 square foot
shopping center situated on 7.14 acres of land. The major anchors are Marshals
and Wherehouse Records.
12. Buena Park Plaza, Buena Park, California.
anchored by Service Merchandise and Rite Aid.
An 85,260 square foot center
13. Village at Indian Wells (Phase I), Indian Wells, California. A 99,180 square
foot shopping center situated on 9.1 acres of land. Major anchors are Ralphs
Grocery Company and Sav-On.
14. Village at Indian Wells (Phase II), Indian Wells, California. A 58,625 square
foot mixed use shopping center anchored by Coldwell Banker and Dean Whitter.
15. Ventura Plaza, Ventura, California. Rehabilitation of a 76,000 square foot
shopping center situated on 8 acres of land. The major anchor is Vons Market.
16. Sycamore Square, Simi Valley, California. Expansion of a 44,850 square foot
center on 4.2 acres of land. The major anchor is Ross Stores.
17. Ralphs Market Rehabilitation. Rehabilitation of approximately 1,200,000
square feet of retail space for Ralphs Grocery Company.
-39-
#3.
18. Oak Park Plaza, Arroyo Grande, California. 115,190 square foot shopping
center situated on 10.54 acres of land. Major anchor is Kmart Discount Store.
19. Country Club Plaza, Bakersfield, California. 86,241 square foot shopping
center situated on 7.14 acres of land. Major anchors are Alpha Beta Market and
Country Club Drug.
20. Kern Town Center, Bakersfield, California. 153,000 square foot shopping
center situated on 14.2 acres of land. Major anchors include Lucky Market and
Payless Drug.
21. White Lane Town Center, Bakersfield, California. 108,000 square foot
shopping center situated on 10 acres of land. Lucky Market is the major anchor.
22. College Center, Bakersfield, California. Rehabilitation and expansion of 39,215
square foot Lucky Market situated on 3 acres of land.
23. Hawaiian Gardens Plaza, Hawaiian Gardens, California. 97,420 square foot
shopping center situated on 8 acres of land. This property was developed in
cooperation with the Hawaiian Gardens Community Redevelopment Agency.
Vons and Thrifty Drug are the major anchors.
24. Ross Dress For Less, Los Angeles, California. 32,000 sf Ross Dress For Less at
the corner of Figueroa and Vernon.
25. Center Plaza, Los Alamitos, California. 29,000 retail strip center in the highly
desirable city of Los Alamitos, California.
26. Sycamore Creek Shopping Center, Corona, California. 98,000 square foot
Vons, CVS, Wells Fargo anchored Shopping Center.
-40-
#3.
PROPERTY PROFILE
Addresses: 413 West Compton Blvd, Compton, CA 90220
Property Type: Vacant Land
Lot Size: 3,984 S.F.
Nearest Intersection: The property is located along West Compton Blvd near the north west
corner of North Oleander Ave. and West Compton Blvd.
PROPERTY IMAGES
I.
Aerial Photo
II.
Parcel Map
-41-
#3.
PROPERTY PROFILE
Addresses: 413 West Compton Blvd
Property Type: Vacant Land
Lot Size: 407 S.F.
PROPERTY IMAGES
I.
Aerial Photo
II.
Parcel Map
-42-
#3.
PROPERTY PROFILE
Addresses: 415 West Compton Blvd, Compton, CA 90220
Property Type: Commercial/Industrial
Lot Size: 6,696 S.F.
PROPERTY IMAGES
I.
Aerial Photo
II.
Parcel Map
-43-
#3.
DEPARTMENT:
RESOLUTION TITLE:
REDEVELOPMENT AGENCY AND YAVITZ COMPANIES, INC. TO
WORK OUT THE TERMS AND CONDITIONS OF A DISPOSITION
AND DEVELOPMENT AGREEMENT FOR THE ACQUISITION AND
DEVELOPMENT OF CERTAIN PROPERTY LOCATED IN THE
WITH THE AGENCY’S 2010 TAX ALLOCATION BOND PROGRAM
Michael Antwine
3/10/2011 11:31:30 AM
DATE
REVIEW / APPROVAL
Ruth Rugley
3/10/2011 5:52:21 PM
CITY ATTORNEY
DATE
Stephen Ajobiewe
3/10/2011 5:43:32 PM
CITY CONTROLLER
DATE
Willie Norfleet
3/10/2011 5:25:28 PM
CITY MANAGER
DATE
Use when:
Public Works:
City Attorney:
-44-

The Urban Community Development Commission

Transcription

Similar documents

(SCE) and the Battle of the Bands

The Compton Newsletter July 2014

The Compton Newsletter April 2014

Mike Compton

St Lawrence Market North Redevelopment Project

Urban Community Development Commission Agenda

Community - Little Compton Community Center

Ballston Common Redevelopment

The Broadmoor Hospital Redevelopment Project

Annual Report 2011-2012