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HomeMy WebLinkAboutTC Min 2007-05-02 (2) TIBURON REDEVELOPMENT AGENCY MINUTES CALL TO ORDER Chair Gram called a meeting of the Tiburon Redevelopment Agency to order on Wednesday, May 2,2007, at 7:30 p.m. in the Town Council Chambers at 1505 Tiburon Boulevard, Tiburon, California. ROLL CALL PRESENT: ABSENT: BOARDMEMBERS: Fredericks, Gram, Slavitz, Smith BOARDMEMBER: Berger EX OFFICIO: Town Manager Curran, Town Attorney Danforth, Director of Administrative Services Bigall, Chief of Police Cronin, Director of Public Works/Town Engineer Nguyen, Director of Community Development Anderson, Town Clerk Crane Iacopi ORAL COMMUNICATIONS None. PUBLIC HEARINGS \ 1. Implementation Plan Update - Consider Adoption of Update to the Implementation Plan for the Tiburon Redevelopment Project Area (Director of Community Development Anderson) Director Anderson said that that the agency last updated its Implementation Plan for the Tiburon Redevelopment Project in 1997. He said that the Agency's project area focused on the old railroad yard, now known as Pt. Tiburon. Although no longer collecting tax increment revenue, Anderson said that the agency was working to fulfill its affordable housing production requirements for the project area and had marshaled substantial housing set-aside funds for that purpose. He said that based on the Town's recently adopted General Plan Housing Element, 5.5 units of very low income housing still needed to be built. Anderson said that the most likely sites for this housing were the Delano's IGA [former Bell Market] site and the parking lot adjacent to it. He said that additional sites were also listed in the plan in the event those sites did not produce the required housing units. Anderson stated that there was sufficient money in the set-aside fund for the project, especially if it was combined with Town housing in-lieu fund monies. Redevelopment Agency Minutes # 01-07 May 2, 2007 Page 1 Chair Gram asked what that amount was. Mr. Anderson said the combined funds totaled $2.5 million; he added that they could be used to subsidize other projects as a means to ensure construction of the very low income housing units. Anderson said that current state law required such project's rental housing to remain in affordable status for at least 55 years and ownership housing for a period of at least 45 years. The Director said that is was not likely to see development of any housing until the end of the five-year Implementation Plan period, due to current lease/ownership issues. Vice Mayor Slavitz asked whether development would happen only if the property owner decided to redevelop the properties. Mr. Anderson said that this was the most likely scenario. Chair Gram opened the public hearing. There was no pubic comment. MOTION: To adopt resolution adopting an updated Implementation Plan for the Tiburon Redevelopment Project area, as submitted. Smith, Seconded by Fredericks AYES: Unanimous ABSENT: Berger Moved: Vote: ADJOURNMENT There being no further business of the Tiburon Redevelopment Agency, Chair Gram adjourned the meeting at 7:40 p.m., to the regular meeting of the Tiburon Town Council. \ ATTEST: ~~ DIANE CRANE IACOPI, BOARD CLERK Redevelopment Agency Minutes # 01-07 May 2, 2007 Page 2