Minutes 1995 1204 - Laserfiche WebLink

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Minutes-City Council/Redevelopment Agency Meeting-December 4, 1995 Page - 8 - JOINT PUBLIC HEARING (continued) In response to questions by Council Member Loeffler, Ms. Potter explained the process for acquisition of property through eminent domain. She said the six development nodes are in areas found to be blighted. She discussed rent differentials loss-of-goodwill payments. In response to questions by Vice Mayor Kerr, Ms. Potter explained implementation of eminent domain requires a public hearing each time it is used. If additional properties are added to eminent domain, all property owners in the entire Joint Project Area will be notified of the public • hearing. The number of properties to be obtained in the next 10 years depends on what property owners or developers in the private sector suggest, but the process provides the greatest flexibility. June Catalano said it is hoped the process will encourage the sale of vacant properties • as a result of the extension of capital gains payment. Ms. Potter said only_a handful of properties in the unincorporated portion of the Project Area are subject to eminent domain. She discussed the impact eminent domain would have on the Pacific High School Athletic Fields and said there have been no comments from the School District. In response to questions by Council Member Perry, Ms. Potter said there is a 9-1/2 year sunset on eminent domain in the Joint Project Area, unless it is extended through a major Plan Amendment. She discussed the types of relocation assistance available, including loss-of-goodwill payments, rent differentials, payment for moving equipment, printing new stationery, etc. She described how fair market value is determined. In response to questions by Council Member Galvan, Ms. Potter said • relocation costs are determined by the State Uniform Relocation Act, and the Redevelopment Agency has guidelines, and a relocation plan must be approved. She said property owners have input as to the value of the property and contents and then review and approve appraisals. She said payment is made for loss of revenue while property owners relocate, and a consultant helps them find a new site. In response to questions by Mayor Corbett, Ms. Potter said the City may help pay for cleanup. State law provides that, if the Agency is involved in cleanup, immunity is granted from future liability. She described how property owners are assured they receive the highest value for their property and said the Agency pays all closing costs, there are no broker's fees, and it is a cash sale. She said property owners are still responsible for paying capital gains taxes. Ms. Potter said staff met with the owner of the Doral property, who wants to remain neutral . The Hearing was then opened to the public.