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Home My WebLink About15 - Economic Development Committee AppointmentsCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 15 May 11, 2004 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: City Manager's Office Sharon Wood, Assistant City Manager 644 -3222, swood @city.newport- beach.ca.us SUBJECT: Appointments to Economic Development Committee RECOMMENDATION: Appoint Debra Legan to the Medical Industry seat and appoint Richard Wray to the Newport Center seat on the Economic Development Committee (EDC). DISCUSSION: The City Council approved revisions to the EDC membership structure on February 24, 2004. These revisions created a Medical Industry seat, and provided one seat each for Newport Center and Fashion Island, which previously had been combined. The EDC Executive Committee reviewed applications for these seats at their meeting of May 5, 2004, and recommended appointments. The more typical procedure is for the full EDC to make these recommendations. However, the April meeting was cancelled due to lack of business other than appointments, and the Executive Committee believes it is important to have new members able to participate in the meeting of May 19. The appointments recommended are Debra Legan for the Medical Industry seat and Richard Wray for the Newport Center seat. Ms. Legan is Vice President, Marketing and Corporate Communications for Hoag Hospital; she has been active in community events and effective in presenting the hospital's future development plans to community groups. Mr. Wray is principal of Wray Realty Advisers and president of WRA Property Management, Inc.; his offices are in Newport Center, and he manages several properties there. Information on both candidates is attached. Submitted by: 4��V2!L Sharon Wood Assistant City Manager Attachments: Biography of Debra Legan Resume of Richard Wray Debra Legan Vice President, Marketing and Corporate Communications Hoag Memorial Hospital Presbyterian As Vice President of Marketing and Corporate Communications for Hoag Memorial Hospital Presbyterian in Newport Beach, California, Ms. Legan oversees the marketing, advertising, public relations and promotional activities of the hospital, its product lines and affiliated businesses. As a member of Hoag's Administrative Staff, she is dedicated to not only maintaining but also increasing the strong brand image that Hoag Hospital has established in the community during the past 50 years. Legan joined Hoag Hospital's following several years as the Director of Marketing for a leading automotive finance and insurance corporation and four years as the principal of her own marketing communications agency. Legan is active in professional organizations such as the Healthcare Public Relations and Marketing Association (HPRMA) and also serves the community as a board member of both the Newport Beach Chamber of Commerce and South Orange Chamber of Commerce. A graduate from the University of Southern California, Legan received her bachelor degree in Journalism /Public Relations. She currently resides in Mission Viejo with her husband and two young children. Updated 11199 RESUME Richard K. (Rich) Wray Personal March 2004 Place and Date of Birth: Los Angeles, California December 24, 1946 Education: University of California at Los Angeles 1965- 1969 BS — Economics Military: United States Air Force 1969-1970 Lieutenant / Honorable Discharge (Medical) Family: Ginny Wray Wife: married 1969 Jennifer Wray Daughter: Age 29 Jonathan Wray Son: Age 27 Current Residence: Newport Beach, CA Current Business: WRA Property Management, Inc. 13 Corporate Plaza, Suite 150 Phone: (949) 644 -7800 Newport Beach, CA 92660 Facsimile: (949) 644 -7816 Professional Licenses: Real Estate Broker, State of California Professional Experience Current: Wray Realty Advisors Principal (sole proprietorship) Commercial Real Estate Investment Advisor Commercial Real Estate Broker / Office and Medical Office Landlord and Tenant Representation / Lease and Purchase WRA Property Management, Inc. President Property Management / Office and Medical Office, Retail Currently Managing 16 Properties in Southern California Since August 1995 Since May 1998 Richard K. Wray March 2004 Previous: CB Commercial Real Estate Group, Inc. January 1978 - August 1995 3501 Jamboree Road, Suite 100 Newport Beach, CA 92660 First Vice President Sales and Leasing / Office and Medical Office Specializing in Orange County, CA Coldwell Banker Residential Real Estate July 1973 — January 1978 2101 E. Coast Highway Newport Beach, CA 92660 Associate Vice President Residential and Investment Real Estate Sales Activities / Interests Boating: Balboa Yacht Club Since 1996 Catalina Island Yacht Club Since 1998 Golf: Big Canyon Country Club Since 1998 The Reserve Club Since 2004 Politics: Lincoln Club of Orange County Since 2002 2 March 2004 BACKGROUND INFORMATION WRA Property Management, Inc. and Related Companies WRA Property Management, Inc. WRA Property Management was incorporated in May 1998 to manage, lease and sale properties owned or partially owned by the family trust of Richard K. and Virginia R. Wray. The company is owned by the family trust and a daughter, Jennifer Wray. Richard K. Wray is the President and Jennifer Wray is the Vice President and Treasurer. Richard K. Wray is also the real estate broker for the corporation, although Jennifer is also a real estate broker. The company currently has 5 employees including Richard and Jennifer. Other employees include a property manager, assistant property manager and an on -site building engineer. The company currently manages 15 properties where the family trust has an interest and on property for a 3`d party where the family trust no longer has an interest. All of the properties are improved for office or medical office use, except one retail center. The properties are located in Orange, Los Angeles and Riverside Counties. A current list of properties where the family trust has an interest follows. Wray Realty Advisors. Wray Realty Advisors is a sole proprietorship of Richard K. Wray. Although it was previously involved in the leasing of the family trust properties, that is now the sole responsibility of WRA Property Management. Currently Wray Realty Advisors handles all of Richard Wray's real estate sales, leasing and mortgage brokerage activities for non - family trust owned properties and tenants other than those in the family -trust owned properties. Previously Richard K. Wray was associated with CB Commercial Real Estate Group and its predecessor company Coldwell Banker in their Newport Beach office from 1973 to 1995, first in residential sales and investment properties, and then in office building sales, leasing and development. Silver Creek Properties, Inc. Silver Creek Properties was incorporated in 1998 to act as the corporate general partner in various limited partnerships formed for the purchase of individual family trust owned properties. Richard K. Wray is the President and sole shareholder, and Jennifer Wray is the Treasurer and Secretary. Silver Creek's interest in each investment is limited to one percent. It is currently the general partner in nine properties. (Some properties have separate corporations as the general partner as a requirement of the lender.) Richard K. Wray March 2004 PROPERTY LIST 1997: Saddleback Valley Medical Center, Laguna Hills, CA 135,000 SF (Sold in 2002) 1998: 13 Corporate Plaza, Newport Beach, CA 15,000 SF 15 Corporate Plaza, Newport Beach, CA 16,000 SF 361 -427 Plaza Imperial, Fullerton, CA 39,000 SF 26020 Acero, Mission Viejo, CA 11,000 SF (Sold in 2002) 26461 Crown Valley Parkway, Mission Viejo, CA 11,000 SF (Sold in 2003) 1999: 3 Corporate Plaza, Newport Beach, CA 20,000 SF 4 Corporate Plaza, Newport Beach, CA 20,000 SF 22952 Alcalde, Laguna Hills, CA 13,000 SF 2000: 20 Corporate Plaza, Newport Beach, CA 9,000 SF Railroad Plaza, Lake Elsinore, CA 11,000 SF 2001: Brookshire Medical Building, Downey, CA 60,000 SF 1520 Nutmeg Place, Costa Mesa, CA 27,000 SF 2002: 100 So. Anaheim, Anaheim, CA 50,000 SF 2745 W. Chapman, Orange, CA 24,000 SF 2003: 4010 Watson Plaza Drive, Lakewood, CA 53,000 SF 23560 Madison Street, Torrance, CA 40,112 SF 3500 Lomita Boulevard, Torrance, CA 34,714 SF 2