HomeMy WebLinkAbout1976-10-12; Parking Authority; MinutesMeeting of:
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(Special
CARLSBAD PARKING AUTHORITY
October 12, 197S
3:00 P.M.
Council Chambers
Meet 1
The meeting was called to order by Chairman
McComas at 3:05 P.M.
ROLL CALL: Chairman McComas, Directors Sugg
and Dunne
ABSENT: Directors Killen and Richardson
Also present y/as City Manager Paul Bussey.
'Chairman McComas announced the special meeting
was called for the purpose of considering an
•agreement to allow May Department Stores, Inc. to
temporarily surcharge a portion of the Plaza
Camino Real parking lot necessary in order to
accommodate the Broadway Store. •
Mr. Bussey informed the Directors this matter was
brought before the City Council on October 7,
1976, and the agreement was approved and the Mayor
authorized to execute the agreement on behalf of
the City of Carlsbad.
As part of the original development and expansion
of the shopping center it was thought that Broad-
way would be the fourth major store, however,
when May Stores were ready to move forward on the
expansion Broadway declined at that time and
Bullocks agreed to become a part of the center.
Immediately thereafter Broadway let it be known
they, wanted to be part of the center. Broadway
has been negotiating with May Stores. In order
to have the fifth store. May Stores are requesting
that they be allowed to temporarily surcharge a
portion of the parking lot to accommodate the
Broadway. This would mean a loss of 88 parkin.g
spaces from twelve to- eighteen months, however, .
May Stores would pay the full rental value of
$357.37 per month to the Ci.ty during this period
of time. Bond .Counsel is of the opinion if rent
is paid during this period no legal problem
would occur.
The City Manager pointed out there is no question
the traffic will be disrupted to some extent.
May Stores will be required to post a bond in the
amount of $125,000 to guarantee the restoration
of the parking spaces.
It was further noted the proposed Broadway site
would be located west of the Penney's Store. .The
Surcharge would be moved from Marron Road to this
site
In conclusion
that Broadway
E-nvi ronmental
prepared.
Mr. Bussey stated that if it appear
is to become a reality, a new
Impact Report would have to-be
The proposed agreement was reviewed by the
Directors, and by proper motion the agreement
was approved and the Chairman of the Parking
Authority was authorized to execute the agreement
on behalf of the Authority.
McComas
Sugg
Dunne
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