1990 MAY 08 ADJ MIN - Laserfiche WebLink

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Mr. Olivier stated the documents before the Council/Agency this evening contain the proposal submitted by the City, however, the developers, Gatlin/Berger, are not in agreement with several of the items. Mr. Olivier stated extensive negotiations have taken place and many issues discussed, however, there remains four major items to be resolved and agreed upon by both parties. Mr. Olivier then reviewed the four major issues of significance for the Council/Agency, which were: 1. Sales and Use Tax Note - term of Note and Percentage of Tax Revenue. 2. Reimbursement for relocation of certain utilities and improvements - City of Riverside water main and other im- provements in Centrepoint Drive. 3. Time of Performance Build -out and Opening of Wal-Mart Store. 4. Use restrictions for one of the two proposed restaurants - that at least one restaurant be a sit-down restaurant and not a drive-through. Mr. John Brown, Legal Counsel, of Best, Best & Krieger, said he realizes this is a great deal of information to digest at one time, and a develop- ment of this magnitude requires extensive study and negotiation before making a final decision. Mr. Brown suggested leaving this hearing open and allow Staff to summarize, in writing, the presentation made this evening so that the Council/Agency will have all of the information in written form, before them, which may assist each one in reaching a more viable decision. Mr. Frank Gatlin, 5650 E1 Camino Real, Carlsbad, California; Mr. Steven Ziven, 8383 Wilshire Boulevard, Beverly Hills, California; and Mr. Daryl Berger, 6000 St. Charles Steet, New Orleans, Louisiana; each addressed the Council/Agency with regard to the proposed development and the issues at hand, stating they were hopeful this matter could be resolved tonight. Discussion then followed among Council/Agency Members and Staff. Mayor Gonzales stated he was willing to move ahead on this matter and moved for approval of the Disposition and Development Agreement as presented. Motion died for lack of a second. The Council/Agency recessed at 7:35 p.m., and reconvened at 7:48 p.m., all Members present. Mayor Gonzales declared the City Council Public Hearing closed. 2 �Q