HomeMy WebLinkAboutMINUTES - 08211990 - 1.45 R®045
TO: Redevelopment Agency
FROM: Phil Batchelor
Executive Director
DATE: August 21, 1990
SUBJECT: FY 90-91 Redevelopment Agency Budget
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Adopt the attached annual Redevelopment Agency budget for fiscal
year 1990-91, in compliance with California Community Redevelopment
Law.
FISCAL IMPACT
Refer to attached budget report details.
BACKGROUND/REASONS FOR RECOMMENDATIONS
California Community Redevelopment Law (Health & Safety Code
Section 33606) requires in part that the Redevelopment Agency adopt
an annual budget containing the following information:
- Proposed expenditures
- Proposed indebtedness to be incurred
- Anticipated revenues
- A work program for the coming year
- An examination of the previous year's achievements
The attached report fulfills the requirements of Redevelopment Law
and establishes a framework for implementation of the Contra Costa
County Redevelopment Agency Budget for FY 1990-91. Because
revenues and expenditures, by law, must be applied to the
particular project area in which they are generated, separate
budgets, in effect, have been created for the Pleasant Hill, North
Richmond, West Pittsburg, Oakley and Rodeo Project Areas. The
reports also contains information of previous financial
transactions of the Agency for comparison purposes and establishes
the record for past activities of the Agency.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR RECO14MENDATI F AGEM42Y7
APPROVE OTHER
SIGNATURE(S) :
ACTION OF AGENCY ON August 21, 1990 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
X UNANIMOUS (ABSENT IV ) I HEREBY CERTIFY THAT THIS IS A
AYES: NOES: TRUE AND CORRECT COPY OF AN ACTION
ABSENT: ABSTAIN: TAKEN AND ENTERED ON THE MINUTES
OF THE REDEVELOPMENT AGENCY ON THE
.DATE SHOWN.
cc: Redevelopment Agency ATTESTED August 21, 1990
County Administrator PHIL BATCHELOR,
Auditor-Controller AGENCY SECRETARY
0
BY O , DEPUTY
RA44/jb/90budget.bos+
BUDGEP ABED WO[$C PPROGRM FOR
FISCAL YEAR 1990-91
INTRODUCTICK
California Cmmmmity Redevelopment law (Health & Safety Code Sec,-tion 33606)
requires the Redevelopment Agency to adopt an annual budget contained the
following:
- Proposed expenditures of the Agency
- Proposed indebtedness to be incurred by the Agency.
- A work program for the coming year, including goals.
- An examination of the previous year's achievements.
A) PIEASANP HILL BART
ANTICIPATED REVENUES
Revenues and fund balance for FY 1990-91 are expected to reach
$10,2231500 (of which $1,019,000.00 is tax increment fund balance
restricted for housing) which includes:
- $3,170,300 in fund balance, of which $692,000 is carry over of
prior year tax increment restricted for housing.
$1,341,000 in tax increments of which $272,000 is restricted for
housing pursuant to Section 33334.2 of Health and Safety Code.
- $2,010,000 in developer fees.
$ 300,200 earning on investment and real estate.
$ 552,000 miscellaneous charges for services.
$2,850,000 in developer payments for real property
acquisition/relocation.
PROPOSED EXPENDITURES.
Proposed expenditures for FY 90-91 total approximately $5,898,200. A Total
of $4,325,300 will be placed in reserve funds.
- $3,743,000 for property and equipment acquisition.
- $999,990 for project and professional services.
- $498,000 for interest on notes.
- $200;500 for relocation costs and other charges.
- $8,510 for salaries and employee benefits.
- $82,200 for other services and supplies.
- $250,000 for repayment of debt to the County-
- $116,000 for Low/Moderate Housing contract payments.
- $4,325,300 for reserves.
INDEBTEDNESS
The Agency has incurred approximately $12.25 million in debt as of June 30,
1990. The major elements of Agency debt include.
$7.50 million Tax Allocation notes issued in December, 1987.
$ .76 million due to County General Fund for advances to the
Agency.
$1.05 million due to the County 83-1 Assessment District for
advances to the Agency.
$1.40 million due to County for property conveyances.
$1.14 million due to Pleasant Hill BART TSM fund for an advance
from transit fees.
- $ .40 million due Helix for property acqusition.
B) ]NOW i RLCHWND
ANTICIPATED REVENUES
Revenues for FY 90-91 are expected to be $350,000 including.
$ 68,000 in tax increments.
$130,000 in Community Development Block Grant funds for housing
development.
$ 38,000 in Coimnunity Development Block Grant Funds for
Revitalization Study.
$54,000 in EBMUD funds reserved for Low/Moderate housing.
$59,500 intergovernmental revenue.
$ 500 earning on investment
ANTICIPATED EXPENDITURES
Expenditures for FY 1990-91 are expected to be:
$203,300 in housing subsidies ($130,000 contributed to other
agencies: $73,300 other project professional services from
low/moderate housing.
$ 62,000 in other professional services.
- $ 10,000 for Brookside Drive realigrmient.
$ 5,000 other charges.
INDEBTEDNESS
The Agency has incurred approximately $123,000 in debt as of June 30,
1990. The major elements include:
- $91,000 to the County Flood Control District
$32,000 to the County General Fund for advances from the County.
In addition, the' County will provide the Agency with certain
administrative services which will serve as a debt against the Agency.
These advances will be repaid from tax increments as soon as
practicable.
ANTICIPATED REVENUES
Revenue and fund balance for FY 90-91 are expected to be $508,250
including:
- $400,000 in tax increments.
- $ 16,250 in earning or investments.
- $ 92,000 in fund balance ($47,000 is restricted for housing) .
ANTICIPATED EXPENDITURES
Eq*nditures for FY 90-91 are expected to be:
$135,000 - for capital projects including Willow Pass Road
Widening and Willow Pass/Port Chicago Highway landscaping.
$ 75,000 for McAvoy Harbor Master Plan.
$ 20,000 for PRIDE Activities (neighborhood improvements) .
- $ 78,000 for property acquisition.
$198,250 other project professional services including $132,250 for
housing.
$ 2,000 other changes.
The Agency has incurred approximately $84,000 in debt as of June 20,
1990, including:
- $65,000 to the County Flood Control District.
$19,000 to the County General Fund for advances from the County.
D) QMU"
ANTICIPATED REVENUES
Revenue and Fund Balance for FY 90-91 are expected to be $164,000
including:
$150,000 in tax increments
$ 12,800 in intergoverrmiental revenue
$ 1,200 in earning or investments
ANTICIPATED EXPENDITURES
- $21,000 in Highway 4 landscaping and frontage improvements.
$98,200 in other professional services.
- $ 2,600 in other services and supplies
$ 2,000 in other charges.
$30,200 reserve for housing.
MEBTEDNESS
The Agency has incurred approximately $58,000 in debt as of June 30,
1990 which include:
- $58,000 to the County Flood Control District.
In addition, the county will provide the Agency with certain
administrative services which will accrue as a debt against the Agency.
The advances will be repaid from tax increments as soon as practicable.
E) RWW
ANTICIPATED REVENUES
The Rodeo Project Area will not receive its initial tax increments until
FY 1991-92. Approximately $18,100 will be received in intergovernmental
revenue.
ANTICIPATED EXPENDITURES
$17,000 in professional services.
$ 1,100 in other services and supplies and other charges.
INDEBTIDNESS
The Agency incurred debt to cover redevelopment plan adoption expenses.
The Agency has incurred approximately $51,000 in debt as of June 30,
1990, including:
- $51,000 to the County's Housing Bond Trust Fund.
WOORK PROGRAM FIO2 FISCAL YEAR 1990-,91
The work program of the Contra Costa Redevelopment Agency for Fiscal Year
1990-91 is directed at continuing the implementation of the Pleasant Hill
BART Station Area Redevelopment Plan and Specific Plan, the Redevelopment
Plans for North Richmond, West Pittsburg & Oakley, and the initial
implementation of the recently adopted Redevelopment Plan for Rodeo, and the
evaluation of the potential for Redevevelopment in other areas of the County.
Specific goals, objectives and tasks of the Agency for Fiscal Year 90-91 are
outlined below:
I. Pleasant Hill BART Statim Redevelc went Project Area:
Goal l: Secure necessary financing to implement the Plan.
A. Secure funds from developers under terms of Disposition
and Development Agreements (DDA's) .
B. Continue property transfers as appropriate to expedite
receipt of payments.
C. Continue to collect reimbursements from developers as
called for in DDA's and from utility companies as called
for in undergrounding agreements.
D. Continue repayment of Agency debt to the County, as
financially feasible.
Goal 2: Complete the Assemblage of Specific Plan Development Areas.
A. Finalize amendments to Disposition and Development
Agreements (DDA's) for Development Areas 3 & 4 and 10A.
B. Complete the acquisition of remaining parcels within the
Project Area required to complete development areas,
initiating condemnation proceedings where necessary.
C. Complete vacation and abandonment proceedings on County
rights-of-way held in fee and easement.
D. Secure property dedications as necessary for planned road
improvements.
Goal 3: Continue access and infrastructure improvements necessary to
allow construction to begin and to serve completed buildings.
A. Continue to transfer property as necessary to facilitate
road and public improvements.
B. Secure property dedications as specified in DDA's or de-
velopment approvals.
C. Initiate condemnation action where necessary.
D. Evaluate need for new rights-of-way and, if necessary,
acquire either through dedication or condemnation.
E. Establishment of a commuter bike trail along the Southern
Pacific right-of-way.
Coal 4: Continue to evaluate Specific Plan Implementation.
A. Continue to develop Transportation Systems Management
(TSM) Program, in conjunction with the County TSM
Coordination.
1. Coordinate with Contra Costa Centre Association for
program development.
2. Coordinate the implementation of TSM with the
campletion and occupancy of building.
3. Explore and evaluate new TSM measures.
B. Develop and initiate, with the Contra Costa Centre
Association, Child Care Response Plan & Programs.
C. Complete assessment of alternative traffic mitigation
measures based on criteria of technical feasibility,
effect on traffic conditions, cost and available
financing sources.
II. North Richmond RedPvelt Project Area:
Goal 1. Implementation of the North Richmond Redevelopment Plan.
A. Monitor and provide support for private development
within the Project Area.
B. Continue to work with the Project Area Committee in
implementing the Plan.
C. Assist in the marketing and sale of seven single family
homes developed with Agency assistance.
D. Work with the community and EBKLJD in establishing EBMUD's
required housing and infrastructure mitigation program
associated with its proposed water reclamation project.
E. Work with the County Administrator and the City of
Richmond staff in implementing the COMET Program, a
compreshensive County/City Neighborhood improvement
program.
F. Continue in the preparation and subsequent review of a
North Richmond General Plan Amendment and in the
preparation of the North Rictmlond . Shoreline Specific
Plan.
G. Work with County Public Works staff in amending the
Countywide Area of Benefit, West County Region, to
include, if appropriate, Project Area road improvements;
and in identifying sources of funding for road
improvements.
H. Work with appropriate non-profit organizations in
developing affordable housing, and actively participating
in development activities where able.
Goal 2. Monitor related public improvements in the Project Area.
A. Continue to support the Richmond Parkway (North Richmond
Bypass) and the work of the Route 93 committee.
B. Monitor progress of removing areas in North Richmond from
FEMA designated Flood Zones.
III. West Pittsburg Pkxlevelopment Project Area:
Goal 1. Implementation of the West Pittsburg Redevelopment Plan.
A. Continue to work with the Project Area Committee in
implementing the Plan.
B. Monitor and provide support for private development
within the Project Area.
C. Participate in the funding of improvements to Willow Pass
Read, and to the Willow Pass Road/Port Chicago Highway
intersection.
D. Work with the County Administrator and the West Pittsburg
PRIDE Committee in establishing and funding a
neighborhood improvement program.
E. Work with appropriate non-profit organizations in
developing affordable housing, and actively participating
in development activities where able.
F. Coordinate the rezoning of appropriate areas to eliminate
General Plan/Zoning inconsistencies.
G. Facilitate and participate in a Master Plan for the
McAvoy Harbor Area.
H. Work with County Public Works Staff in identifying
funding sources for road improvements that would likely
promote development.
N. Oakley Revel cpnent Project Area.
Goal 1. Implementation of the Oakley Redevelopment Plan:
A. Monitor arra provide support for private development within the
Project Area.
B. Work with County Public Works Staff in implementing the Fast
County Area of Benefit and in identifying other sources of
funding for road improvements that would likely promote
development.
C. Work with Public Works staff and the Oakley Area School
Districts in developing infrastructure improvements that would
increase the safety and accessibility to schools for Oakley
residents.
D. Work with appropriate non-profit organizations, as well as
County Crnmmanity Development staff in developing affordable
housing, and actively participating in development activities
where able.
V. Rodeo Rmlevel%nent Project Area.
A. Adopt Redevelopment Plan for the Rodeo Project Area.
B. Establish a citizens advisory camrni.ttee to assist in
formulating implementation program.
C. Work with the County/East Bay Regional Park District in
developing a work program for a waterfront master plan or
specific plan.
D. Monitor and provide support for private development within the
Project Area.
SON of ACE11EVEMENT5 FCR
FISCAL )OM 1989-90
The Redevelopment Agency, during Fiscal Year 1989-1990, continued to
implement the Pleasant Hill BART Station Redevelopment Plan.
I. Pleasant HUI BART Radevelcpwrit Project Area
A. Development: The Agency completed the Disposition and Development
Agreements (DDA's) for Area 4 for an 211 unit residential project.
During the fiscal year an additional 300,000 square feet of office
space and a 248 room hotel were 75% constructed (Area 10B North, 9
and 10B south.) As a preliminary step for development, the Agency
approved the assignment of its Disposition and Development
Agreements to a new and highly capitalized development partnership
for Area 10A.
B. Property Acquisition - Private Assemblages: The acquisition of
property necessary to create developable areas for the commercial
uses was completed this fiscal year. Assemblage of one of the
two residential projects was completed. All prior residents and
businesses were relocated.
C. Repayment of Debt: The Agency utilized approximately $1.5 million
in proceeds from the Agency's Tax Allocation Notes to repay the
County.
D. Infrastructure Improvements: An assessment of additional traffic
mitigation measures was initiated.
II. Neth Richmond �l�v�„t Project Area
A. Development: Agency staff worked with staff of the East Bay
Municipal Utility District to provide financial mitigation to the
Agency for the loss of future tax increment revenue that would have
been generated if their site was developed privately. Financial
mitigation will include $222,000 in infrastructure improvements and
$54,000 in housing assistance will be made available to the Agency.
A 7-unit infill housing development is under construction and
homebuyers have been identified. Aency staff worked with several
private developers in facilitating infill housing on scattered
sites.
B. Infrastructure: The Agency continued to work with the City of
Richmond on the Richmond Parkway. (North Richmond Bypass) .
Sections 2 and 3 of the Parkway which will connect the North
Richmond industrial area to I-580 is under contract and will be
paved in the Fall of 1990. The Army Corp of Engineers has
completed the majority of the work on the San Pablo/Wildcat Creek
Flood Control Project and the Agency has coordinated efforts to
remove the majority of the Project Area from the Flood Zone.
C. General. The North Richmond Revitalization Study, funded with a
Community Developmewnt Block Grant, is nearing completion. The
Agency has worked with the City of Richmond on the North Richmond
Shoreline Specific Plan which will lead to a North Richmond General
Plan Amendment. The Agency has played an active role in the
creation of the North Richmond COMET Program, a joint City--County
neighborhood awareness/improvement program.
III. West Pitt_sbag Redevwtcpment Project Area.
A. Development: Agency staff continues to work with private
developers interested in congregate care senior housing, industrial
development north of Willow Pass Road, and commercial development
including the possible rehabilitation of the Shore Acres Shopping
Center.
B. Infrastructure. The Agency secured a Community Development Block
Grant to complete sidewalk improvements adjacent to Bel Air School.
The Agency has committed funds towards the Willow Pass Road
widening project.
n
I
C. General: The West Pittsburg Revitalization Strategy, funded with a
Coimm pity Development Block Grant, was completed by Economic and
Planning Systems and accepted by the Agency. Agency staff has
provided technical assistance to the West Pittsburg PRIDE Cc mnittee
to institute a neighborhood improvement program.
IV. Oakley
A. Infrastructure: The Agency has coimmitted to funding a portion of
the Highway 4 frontage improvements between Big Break Road and
Charles Way.
B. General: The Agency facilitated the successful Transportation
Development Act funding of a Pedestrian Bridge over the Contra
Costa Canal at Cypress Road. Coordination with the Mount Diablo
School District, and Public Works Staff and the Contra Costa Water
District was necessary to make this happen.
v. Other Redevelopment Activities.
Initiated and substantially completed the process to form a
redevelopment project area in Rodeo.
Staff continued to support the Administrator's office in the evaluation
of city redevelopment projects.
JK:krc
sra7:A/budget.91