| | | | | | | | Agenda Item - 2.c.
City of Garden Grove
INTER-DEPARTMENT MEMORANDUM
| To: | Scott C. Stiles
| From: | Lisa L. Kim
| | Dept.: | Director
| Dept.: | Economic Development
| | Subject: | Adoption of a Resolution approving Sign Replacement Grant Agreements for properties located at 12531-12535 and 12541-12571 South Harbor Boulevard, Garden Grove. (Cost: $100,387) (Action Item) | Date: | 6/13/2017 |
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| | | | | | | | OBJECTIVE
The purpose of this report is to request that the Successor Agency adopt a Resolution approving a Sign Replacement Grant Agreement to replace the signs at 12531-12535 and 12541-12571 South Harbor Boulevard, Garden Grove. |
| | | | | | | | BACKGROUND
On November 8, 2013, the State Department of Finance (DOF) approved an Implementation Agreement between the Successor Agency and the Great Wolf Lodge confirming the obligations of the parties. Pursuant to the Disposition and Development Agreement (DDA), the Successor Agency must provide off site improvements to be constructed on Harbor Boulevard from Twintree Lane to the north boundary of the Great Wolf Lodge parcel. |
| | | | | | | | DISCUSSION
The Successor Agency established a sign program as part of the off site improvements for the DDA to provide funding for property owners in the Grove District Resort Area to replace signs that do not conform with the updated sign regulations for the Resort Area. The Successor Agency negotiated agreements with property owners adjacent and to the north of the Great Wolf Lodge parcel to replace their signs pursuant to the program (see Attachment 3). Under the sign agreement, the Successor Agency will reimburse the property owner up to $50,000 per sign towards the cost of removing the signs and replacing them in conformance with the updated City sign ordinance. The properties owners have obtained bids from sign companies and have submitted them for consideration. The lowest responsible bidder was Coast Signs with a bid of $95,887 for the construction of three new signs. In addition, it is estimated that each sign will cost up to $1,500 in permits that will bring the total cost to $100,387 (see Attachment 1).
Upon approval by the DOF, the Successor Agency will release 50 percent of the sign reimbursement amount upon execution by the Owner of the contract for demolition and replacement of the signs. The Successor Agency will release 25 percent of the reimbursement amount upon completion of the sign demolition. The Successor Agency will release the remaining 25 percent of the reimbursement amount upon completion of the replacement sign construction, as evidenced by approval of the final inspection by the City's Building Official. |
| | | | | | | | FINANCIAL IMPACT
The total cost of $100,387 will be paid from the Successor Agency’s Redevelopment Property Tax Trust Fund. |
| | | | | | | | RECOMMENDATION
It is recommended that the Successor Agency:
- Adopt the attached Successor Agency Resolution, and
- Direct the Secretary to transmit said Resolution to the Oversight Board and DOF for approval.
By: Greg Blodgett, Senior Project Manager
Attachments:
1: Sign Contract
2: Resolution
3. Sign Agreements
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