Arcadia City Council members, acting as the Arcadia Redevelopment Agency, will be asked Tuesday night to approve purchase of two properties at Fifth Avenue and Huntington Drive (the Larmor development).
The Arcadia Redevelopment Agency would like the Arcadia Nissan property in East Arcadia, but the city may not be able to afford it since the Redevelopment Agency is already $9.9 million in debt.
The Arcadia Redevelopment Agency is looking for developers to submit building proposals for 2 new major development projects on 5 acres of downtown property. The agency wants to house corporate headquarters, business and professional offices, retail stores and restaurants.
The City Council in its role as Arcadia Redevelopment Agency hears plan by local developers to buy city property at the southwest corner of Fifth Avenue and Huntington Drive.
Arcadia City Council in its role of redevelopment agency approved tax-exempt financing for the proposed RPI office development at intersection of Colorado Boulevard and Colorado Place.
The Arcadia Redevelopment Agency (which is also the City Council) is considering whether to take steps toward acquiring several properties in east Arcadia that made up the parcel of land for the now defunct Target Shopping Center. According to Peter Kinnahan, assistant city manager for economic development, the Arcadia Redevelopment Agency is strongly in favor of acquiring property on 3rd Avenue, just north of Huntington Drive.
The Arcadia Redevelopment Agency may sell 3.74 Acres of land on the northeast corner of Huntington Drive and Second Avenue to Grand Royale Hometel for 1.3 million dollars. After the parcel is sold, the city plans to rezone the property for the developers raising the value to about 3.5 million.
For the first time in its history, the Arcadia Redevelopment Agency has authorized using its power of eminent domain to acquire properties specifically for redevelopment. The agency voted to use that power to acquire a construction yard on Santa Clara Avenue known as the Bong property and other properties on the north side of Huntington Drive, between Second Avenue and the Santa Anita Wash.
The developer of Monrovia's Huntington Oaks shopping center now has an exclusive right to negotiate with the Arcadia Redevelopment Agency to construct a $17.3 million office and restaurant complex on the south side of Huntington Drive between the railroad tracks and the east boundary of the city.
Arcadia's city government is "appalled" by opinions expressed by Arcadia Business Association President Charles Chivetta in the ABA newsletter. Chivetta criticized the Arcadia Redevelopment Agency for being ineffective.
In a significant move to redevelop the east end of town, the Arcadia Redevelopment Agency voted to take 6 landowners to court to obtain their property by condemnation.
The Arcadia Redevelopment Agency's financial obligations and development projects prevent it from saving $294,000, or 20% of its tax increment, for low-cost housing, as required under California Assembly Bill 265. The state law, concerned with agencies formed since 1976, does not affect the ARA, formed in 1974. Starting in the 1996-97 fiscal year, however, all agencies will be required to set the money aside.
Concept plans for a $14 million eight-story building at 333 E. Huntington Drive have been approved by the Redevelopment Agency. The 4.7 acre site is owned by Bob Low of Arcadia Datsun.
The Arcadia Redevelopment Agency may have to return $550,000 to the county unless it turns its funds into fixed assets. Sites in the redevelopment area being considered for purchase are described.
On the eve of a court battle, the Arcadia Redevelopment Agency and the owner of the construction yard property at the corner of 3rd Avenue and Santa Clara Street agreed to terms by which the city will take possession of the land.
The Arcadia Redevelopment Agency granted Stanley Gribble and Associates a 6-month exclusive right to negotiate with the city to develop a commercial project at the east end of the city between the railroad tracks on the south and west, Huntington on the north and 5th Avenue on the east.
Arcadia Redevelopment Agency members briefly considered four possible developments on the south side of Huntington Drive in east Arcadia, then discussed whether to increase the size of the development area to include the city yards just south of the current project area.
The first phase of the Downtown Arcadia Revitalization Study has been completed by Willdan Associates, engineers, architects and planners. A public meeting has been scheduled for Tuesday at 8:30 A.M. in the council chambers at City Hall to present to Arcadians in general and downtown merchants and property owners in particular the consultants' preliminary findings.