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1991/05/28 Community Development Agency Minutes COM'4JNI_TY DEVELOPMENT AGENCY • OF THE CITY OF ROHNERT PARK MINUTES Nhy 28, 1991 The Members of the Community Development Agency of the City of Rohnert Park met this date immediately after the City Council meeting at approximately 10:02 p.m. in the City Offices, 6750 Commerce Boulevard, Rohnert Park, with Chairman Eck presiding Call to Order Chairman Eck called the meeting of the Community Development Agency of the City of Rohnert Park to order at approximately 10:02 p.m. Roll Call Present: (5) Agency Members Hollingsworth, Hopkins, Reilly, Spiro and Chairman Eck (0) None Staff present for all or part of the meeting: Executive Director/City Manager Netter, City Attorney Flitner, City Engineer Brust, and Assistant to the City Manager Leivo. Chairman Eck said the non-agendaed CDA item referred to at the beginning of the immediately preceeding Council meeting would be reviewed at this time. Burbank Housing Executive Director Netter referenced copies provided to Devel.Corp.Proposal Council of presentation received today from Burbank re.781 E.Cotati Ave. Housing Development Corporation regarding application for (Afford.Hsg.Project) State Rental Housing Construction Program (RHCP) funds for proposed family rental housing in Rohnert Park at 781 East Cotati Avenue and introduced Nichols Stewart, Housing Development Specialist of Burbank Housing who highlighted the contents therein. Discussion followed in which concerns were expressed regarding the need for another appraisal because of the widespread range between the appraised value and purchase price of the property as directed at the May 14th CDA meeting , as well as resolving the California Constitution's Article 34 issue. City Manager Netter said the information on this item was received today at about 4:00 p.m. and the reason for bringing this item to the Agency's attention tonight was because of request by Mr. Nick Stewart of Burbank Housing who said there was a funding deadline for State construction funds. Mr. Netter indicated that the Council may want to defer this item for two weeks in order to have time to read the information provided. (I UNITY DEVELOPNEN1' AGENCY OF THE CITY OF ROHNE RT PARK MINUTES (2) May 28, 1991 City Attorney Flitner responded to Agency inquiry and explained need to establish an emergency agenda item if Agency desires to take action on an issue not previously posted on agenda. Arnold Sternberg, representative of Burbank Housing, said Burbank Housing is not asking for a funding commitment from the Agency to exceed the original $390,000 amount and confirmed any amount beyond that would be Burbank Housing ' s responsibility to obtain through other resources. He reviewed elements other than the price of a property that Burbank Housing must take into consideration regarding any given project. Further discussion followed during which Mr . Stewart confiLned that Burbank Housing does not need Agency action to proceed with its obligations regarding this matter, that they can proceed with the funding application, and that a two week extension of time tc purchase said site could probably be secured. Referencing the request to obtain another appraisal , Mr. Stewart said it would take anywhere from an additional four to six weeks of time and that a review appraisal has been provided. There was general disucssion regarding the appraisal and the purchase price of $550,000 . It was noted that the Community Development Agency would only be giving consideration to providing $390,000 of the $550,000 and that CDBG funding would be providing the balance. Chairman Eck said this item would be placed on the agenda of the next scheduled CDA meeting. lhschecjuled Public Chairman Eck asked if anyone in the audience wished to Appearances make an appearance at this time. No one responded. Adjournment There being no further business, Chairman Eck adiourned the meeting at approximately 10:15 p.m. azz. Q!J Degy S tary Chairman