1989 APR 18 REG MIN - Laserfiche WebLink

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questing. Mr. Noble described the type of metal signs they would be using and the color scheme, stating they will add to the appearance of the building and will be very attractive. Mr. Grimmick submitted letters from the tenants of the building, and a building signage program with drawing, indicating the exterior sign locations. Discussion followed among Council Members, Staff and the proponents. Moved by Councilman Rehrer, seconded by Councilman Lofy, to close the Public Hearing. Unanimous vote. Moved by, Councilman Lof.y to adopt, Resolution- No,. R -50T89, denying the Appeal. Motion died for lack of, a second.. Moved by Mayor Gonzales, seconded by Gouncilman Rehrer, to approve three. building signs and one monument sign, and recommend the applicant get together with Staff regarding colors to be used+ Motion carried, with Councilman Rios voting NO. RDA/Joint Public Hearing Mayor Gonzales and Chairperson Cisneros asked for the City Council and Redevelopment Agency Roll Call respectively. All Members were present. City Clerk/Assistant Secretary Ramos stated pursuant to the appropriate sections of the California Community Redevelopment Law, notice has been duly given that the City Council of the City of Colton and the Redevel- opment Agency for the City of Colton have authorized a Joint Public Hear- ing to consider the approval of a Redevelopment Disposition and Develop- ment Agreement (McNeilus Truck and Manufacturing, Inc. Project). Notice of this Hearing was first published in the Colton Courier, a newspaper of General Circulation, on April 5 and 12, 1989. Mayor Gonzales announced this is the time and place set for the Joint Public Hearing of the City Council of the City of Colton and the Redevel- opment Agency for the City of Colton on the proposed acquisition and sal -,-- of real property to McNeilus Truck and Manufacturing, Inc., for the purppos.e of developing. a concrete mixer,manufacturing facility with an- cillaryy park,ing and access areas. At this hearing, all persons who wisl. to speak for or against the proposed acquisition and sale will have an opportunity to speak. Mayor Gonzales declared -the City Council Public Hearing open. Chairperson Cisneros declared the Redevelopment Agency Public Hearing open. Economic Development Director Jennifer Thornberry reported on the ac- quisition and sale of property, and the redevelopment of a five acre parcel, located at 401 North Pepper Street in the City of Colton for a concrete mixer and associated products manufacuring complex, together with consideration of a proposed Disposition and Development Agreement between the Redevelopment Agency and McNeilus Truck and Manufacturing, Inc. Mrs. Thornberry stated the three major points of the Agreement are: 1. Agency will acquire the site from the Redeveloper for a purchase price of $273,468. Agency shall pay such purchase price to the Redeveloper as follows: $193,468 in cash plus a Note. The Note will be repaid with tax increment generated by the project area. 2. Upon acquisition of the site by the Agency, the Agency will sell to the Redeveloper, and the Redeveloper will purchase from the Agency the site for the purchase price of $193,468 in cash. In essence, no cash will be exchanged; the $80,000 will be paid back with tax -increment generated by -the project. 3. Redeveloper will operate and maintain a concrete mixer manufactur- ing fa-cility- complex on, the site for not less than four years from the date of issuance by the Agency of a Certificate of Completion. Mrs. Thornberry advised the increased value of the land through acquisi- tion of the property and construction of the complex is approximately $1.3 million. McNeilus Truck and Manufacturing, Inc. projects annual sales to exceed $20 million, with yearly sales tax of $200,000. APR 18 1989