HomeMy WebLinkAboutMINUTES - 09241991 - 1.69 t
Revision
TO: REDEVELOPMENT AGENCY L �
FROM: Phil Batchelor Contra
a
Executive Director ,'
. Y CountyDATE: September 24 , 1991 'SrA c,u
SUBJECT: FY 91-92 Redevelopment Agency Budget
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Adopt the attached annual Redevelopment Agency budget for, fiscal year
1991-92 in compliance with California Community Redevelopment Law.
FISCAL IMPACT
This budget provides for no General Fund subvention of the Agency.
Approximately $1 million will be repaid to the County.
BACKGROUNDIREASONS 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
established a framework for implementation of the Contra Costa County
Redevelopment Agency Budget for FY 1991-92 . Because revenues and
expenditures, by law, must be applied to the particular project area
in which they are generated, separate budgets, in effectf, have been
created for the Pleasant Hill, North Richmond, West Pittsburg, Oakley
and Rodeo Project Areas. The reports also contain information of
previous financial transactions of the Agency for comparison purposes
and establishes the record for past activities of the Agency. This
budget will be subject to review and suggested modifications by the
local Project Area Committees.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
L""I ) / �
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDAT,10N OF AGENCY COMMITTEE
APPROVE OTHER 1
l
SIGNATURE(S) :
ACTION OF AGENCY ON September 24, 1991 APPROVED AS RECOMMENDED
X OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT I ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
cc: Community Development
County Administrator ATTESTED September 24, 1991
Auditor-Controller PHIL BATCHELOR,
SRA19/budget. bos AGENCY SECRETARY
BY (a4W� o , DEPUTY
CONTRA COSTA COUNTYREDEVELOPMENT AGENCY
BUDGET AND WORK PROGRAM FOR
FISCAL YEAR 1991-92
INTRODUCTION
California Community Redevelopment Law (Health & Safety Code
Section 33606) requires the Redevelopment Agency to adopt an annual
budget containing the following:
Proposed expenditures of the Agency;
Proposed indebtedness to be incurred by the Agency;
- A work program for the coming year, including goals; and
An examination of the previous year's achievements.
I. PLEASANT HILL BART
A. ANTICIPATED REVENUES
Available funds are expected to reach $9,788, 000
including:
• Tax Increment (Non-Housing) :
Projects $1,729, 000.'
Debt Service 715, 000.2
$2 , 444, 000.
• Tax Increment (Housing) : 1, 325, 000.'
• Developer Fees: 2 ,969, 000.°
• Earnings on Real Property: 40, 000.
• Developer Payments for Real Property 2 ,7150,000.
Acquisition/Relocation
• Utility Reimbursements: 220, 000.
Inter-governmental Revenue410, 000.
$9, 788, 000.
B. PROPOSED EXPENDITURES
Proposed expenditures for FY 91-92 total $6, 359,000.
Capital projects include preliminary engineering for the
Bancroft Extension and Oak Park Overcrbssing, Ir I on Horse
Trail, and Oak Road/I-680 traffic signal. Housing
assistance includes financial assistance to the Park
Regency project and for the Area 4 property assemblage.
The remaining revenue of $3 ,429, 000 will be placed in
reserve. Expenditures include:
• Capital Projects
Non-Housing 360, 000
Developer Fees 75, 000
435, 000.
• Area 4 Project
Property Acquisition 2,450, 000
(Developer Payments)
Property Acquisition 500,000
(Housing)
Relocation 300,000
3, 250, 000.
• Park Regency Housing Financial 825, 000.
Assistance
• Repayment of Debt 1, 000, 000.
• Debt Service on Bonded Indebtedness ; 490, 000.
• Interest Expense X8, 000.
• Administration
Salaries 9, 000
Services & Supplies 257, 000
Fixed Assets 45, 060
311, 000.
• Reserve for Capital Projects 310,000.
• 1
Reserve for Capital Projects (Fees) 2 ,894* 000.
• Reserve. for Debt Service 225, 000.
$91788, 000.
Footnotes
1. 1991-92 Non-Housing Tax Increment of $1, 146, 000;
Carry-over of $643,000; and Interest Earnings of
$40, 000.
2. 1991-92 Debt Service Increment of $469, 000,� Carry-
over of $230, 000 and Interest Earnings of $16, 000.
-92 Housing Tax Increment of $405, 000 *
. 3 . 1991 Carry-
1 1
over of $860,000; and Interest Earnings of $60, 00.0.
4. 1991-92 Specific Plan Fees of $995, 000; Carryover
of $1,884, 100 and Interest Earnings of $90, 000.
Further, an additional amount of $1,900;792 in
Specific Plan Fees have been paid, and reside with
accounty of County of Contra Costa Mello-Roos
Community Facilities District 1991-1.
(Continuation of Pleasant Hill BART)
C. INDEBTEDNESS
As of June 30, 1991, the Agency has incurred
approximately $11. 18 million in debt. The major elements
of Agency debt for the Pleasant Hill BART Station Area
are:
• .$7. 50 million Tax Allocation notes issued in
December, 1987.
• $.53 million due to County General Fund for
advances to the Agency.
• $1.55 million due to . County for property
conveyances.
• $1. 20 million due to Pleasant Hill BART TSM fund
for an advance from transit fees.
• $. 40 million due Helix for property acquisition.
IL. NORTH RICHMOND
A. ANTICIPATED REVENUES
Available funds are expected to reach $578, 533 including:
• Tax Increment (Non-Housing) : $ 80, 000.1
• Tax Increment (Housing) : 41, 000.2
• Community Development Block 140, 000.
Grant funds for housing
• EBMUD Housing Mitigation Payment 54, 000.
• Inter-governmental Revenues 263 , 533 .3
$578, 533 .
B. PROPOSED EXPENDITURES
Proposed expenditures for Fy 91-92 are expected to be
$429, 533 . Projects include the completion of the seven
(7) unit affordable housing project and financing of the
COMET program. The remaining revenue of $15, 000 will be
placed in a reserve for capital projects. Expenditures
include:
• Housing Subsidies $335, 000.
• COMET Activities 20, 000.
• Reserve for Capital Projects 15, 000.
• Administration
Services & Supplies $72, 533
Fixed Assets 2 , 000
74 , 533 .4
$444, 533 .
C. INDEBTEDNESS
The Agency has incurred approximately $135, 567 in debt as
of June 30, 1991. The major elements include:
• $99,745 to the County Flood Control District;
• $35,822 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.
Footnotes
1. 1991-92 Tax Increment of $80, 000. (Accumulated
deficit of $134 , 000. )
2 . 1991-92 Tax Increment of $25, 000; Carry-over of
$15, 000; and Interest Earnings of $1, 000.
3 . $134, 000 of the inter-governmental revenues
represent administrative services provided In prior
years by the County which have accrued as debt to
the Agency, for which no receipt will be made this
fiscal year.
4. Administration will be paid $37 , 349 out of tax
increment and $37, 184 from other sources.
III. WEST PITTSBURG
A. ANTICIPATED REVENUES
Available funds are expected to reach $895, 500 including:
• Tax Increment (Non-Housing) : $644, 000.'
• Tax Increment (Housing) : $251, 500.2
$895,500.
B. PROPOSED EXPENDITURES
Proposed expenditures for FY 91792 total $444, 000.
Projects include contributions to the Willow Pass Road/
Port Chicago Highway improvements, a contribution for
PRIDE activities, a Specific Plan for the McAvoy Harbor
area, and commercial enhancement activities.' The
remaining revenue will be placed in reserves for future
use. Expenditures include:
• Willow Pass Road/Port Chicago $135, 000.
Highway Improvements
• PRIDE Activities 20, 000.
• McAvoy Harbor Specific Plan ?5, 000.
• Commercial Enhancement Activities
Services and Supplies $50,, 000
Fixed Assets $50, 000
$100, 000.
• Administration
Services & Supplies $111, 000
Fixed Assets $ 3 , 000
$114 , 000.
• Reserve for Capital Projects 200, 000.
• Reserve for Housing Projects 251,500.
$89:5,500.
C. INDEBTEDNESS
The Agency has incurred approximately $92, 463 in 'debt as
of June 30, 1991, including:
• $71, 668 to the County Flood Control District.
• $20,795 to the County General Fund for advances
from the, County.
Footnotes
1. 1991-92 Tax Increment of $385, 000; Carry-over of
$248, 000; and Interest Earnings of $11, 000.
2 . 1991-92 Tax Increment of $110, 000; Carry-over of
$135, 000; and Interest Earnings of $6, 500.
IV. OAKLEY
A. ANTICIPATED REVENUES
Available funds are I expected to reach $426, 000 including:
• Tax Increment (Non-Housing) : $264: 000•'
• Tax Increment (Housing) : 112, 000.2
• Inter-governmental Revenue .150. 000.'
$ ' 26, 000.
B. PROPOSED EXPENDITURES
Proposed expenditures for FY 91-92 total $314, 000.
Projects include road/drainage improvements, park
improvements, and a downtown Specific Plan. The
remaining revenue of $112, 000 will be placed in a reserve
for housing projects. Expenditures include:
• Road/Drainage Improvements $1,09, 464 .
• Park Improvements 50,000.
• Downtown Specific Plan 50, 000•
• Administration
Services & Supplies $101,536
Fixed Assets $ 3 , 000
$104, 536.
• Reserve for Housing Projects i12 , 000-
$426, 000.
C. INDEBTEDNESS
The Agency has incurred approximately $64 , 804 in debt as
of June 30, 1991 which include:
• $64, 804 to the County Flood Control District.
Footnote
1. 1991-92 Tax Increment of $215, 000; Carry-over of
$46, 000; and Interest Earnings of $3 , 000.
2 . 1991-92 Tax Increment of $70, 000; Carry--over of
$39, 000; and Interest Earnings of $3 ,000.
3 . $50,000 of the inter-governmental, revenue represent
administrative services provided in prior 'Years by
the County which have accrued as debt to the
Agency, for which no receipt will be made this
fiscal year.
V. RODEO
A. ANTICIPATED REVENUES
Available funds are expected to reach $196, 533 in I cluding:
• Tax Increment (Non-Housing) : $ 8 11 500
1 -
• Tax Increment (Housing) : 216,500 23
• Inter-governmental Revenues 88 . 533.
$1§6, 533 .
B. PROPOSED EXPENDITURES
Proposed expenditures for FY 91-92 total $111, 033 . The
primary project is Downtown/Waterfront Specific Plan.
The remaining revenue of $26,500 will be placed in
� I
reserve for housing projects. Expenditures include:
• Downtown/Waterfront Specific Plan: $ 50, 000.
• Administration:
Services & Supplies $59, 033
Fixed Assets 2 ,000 4
61, 033 .
• Reserve for Housing Projects: 26, 500.
$17, 533 .
C. INDEBTEDNESS
The Agency has incurred approximately $55, 109 as of June
30, 1991, including:
• $55, 109 to the County's Housing B I ond Trus �,Fund.
In addition, the County will provide the Ag I cy with
certain administrative services which will acc r ue as a
debt against the Agency. The advances will be repaid
from tax increments as soon as practicable.
Footnote
1. 1991-92 Tax Increment of $80, 000; and interest
earnings of $1, 500 (Accumulated defiI it of
$59, 000) .
2 . 1991-92 Tax Increment of $25, 000; and interest
earnings of $1, 500.
3 . $59, 000 of the inter-governmental revenues
represent administrative services provided in prior
years by the County which have accrued as debt to
the Agency, for which no receipt will be made this
fiscal year.
4 . Administration will be paid $23 ,730 out of tax
increments and $37, 303 from other sources.
SRA 1 81jbIbudget.bos
WORK PROGRAM FOR FISCAL YEAR 1991-92
The work program of the Contra Costa Redevelopment Agncy for
Fiscal Year 1991-92 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 Rodeo, as well as evaluation of the potential for
Redevelopment in other areas of the County. ,
Specific goals, objectives and tasks of the Agency for Fiscal Year
91-92 are outlines below:,
I. Pleasant Hill BART Station Redevelopment Project Area:
Goal 1: Secure necessary financing to implement the Plan.
A. Secure funds from developers under terms of
Disposition and Development Agreements
(DDA's) . to
B. Continue property transfers as appropriate
expedite receipt of payments.
C. Continue to collect reimbursemens 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.
E. Refinance existing bonded indebtedness and
incur additional bonded indebtedness as
appropriate.
Goal 2: Complete the Assemblage of specific Plan
Development Areas.
A. Finalize amendments to Disposition and
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Development Agreements (DDA's) for Development
Areas 3 & 4 .
B. Complete the acquisition of remaining parcels
within the Project Area required to omplete
development areas, initiating condemnation
proceedings where necessary.
C. Complete vacation and abandonment pro eedings
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 nece I sary to
facilitate road and-public improvements.
B. secure property dedications as specified in
DDA's or development 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.
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Goal 4: Continue to evaluate Specific Plan Implementation.
A. Continue to development Transportation Systems
Management (TSM) Program, in conjunction with
the County TSM Coordination.
I. Coordinate with Contra Costa Centre
Association for program development.
2. Coordinate the implementation of TSM with
the completion 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. Begin preliminary engineering and environ-
mental documentation for the Bancroft
Extension and Oak Park Boulevard overcrossing.
Goal 5: Facilitate the Development of Affordable Ho using.
z
A. Provide financial assistance, as prov�ded for
in DDA's, to facilitate the delivery of
affordable housing in the Park Regency
project.
B. Provide financial assistance to begin the
assemblage of the final piece of Area 4 to
facilitate the delivery of affordable housing.
II. North Richmond Redevelopment Project Area
Goal 1: Implementation of the North Richmond Redevelopment
Plan.
A. Monitor and provide support for irivate
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 EB 'UD in
establishing EBMUD's required 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 comprehensive 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
Richmond 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.
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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 Redevelopment 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 Road, 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 Specific 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.
I. Undertake a commercial enhancement program,
including marketing and directed Agency
assistance.
J. Consider incurring bonded indebtedness to
secure significant financial resources for
capital projects.
IV. Oakley Redevelopment Project Area
Goal 1: Implementation of the Oakley Redevelopment Plan.
A. Monitor and provide support as appropriate for
private development within the Project Area.
B. Work with County Public Works Staff in
implementing the East County Area of Benefit
and 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.
I
D. Work with appropriate private, public and non-
profit organizations, as well as ` County
Community Development staff in developing
affordable housing, and actively participating
in development activities where able.
E. Consider undertaking local improvements to
park and recreation facilities.
F. Consider undertaking an equity sharing program
to facilitate affordable home ownership.
G. Consider incurring bonded indebtedness to
secure significant financial resources for
capital and housing projects.
V. Rodeo Redevelopment Project Area
Goal 1: Implementation of the Rodeo Redevelopment Plan.
A. Monitor and provide support as appropriate for
private development .within the Project, Area.
B. Work with the County Public Works staff in
implementing the West County Area of Benefit
and in identifying other sources of funding
for road improvements that would likely
promote the revitalization of Rodeo.
C. Work with County Service Area R-10 to develop
park and recreation plans.
D. Work with appropriate private, public, and
non-profit organizations to identify
appropriate affordable housing opportunities.
E. Undertake preliminary downtown revitalization
plans.
Goal 2 : Monitor related activities in the. Project Alrea.
A. Actively participate and coordinate with the
East Bay Regional Park District/{County/
Coastal Conservancy Study of the Rodeo Water-
front.
B. Review development proposals in adjacent
jurisdictions for compatibility with Rodeo
interests.
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EXAMINATION OF ACHIEVEMENTS FOR
FISCAL YEAR 1990-91
The Redevelopment Agency during Fiscal Year 1990-91, continued to
implement its Redevelopment Plans.
I. Pleasant Hill BART Redevelopment Project Area
A. Development: During the fiscal year, an additional
300, 000 square feet of office space and a 248 room hotel
were completed (Area 10B North, 9 and 10B i South) .
Development of an 892 unit apartment project was
initiated and reached approximately 50% completion. A
major child care mitigation program was substantially
negotiated. The Agency's Disposition and Development
Agreement (DDA) for Area 4 for an 211 unit residential
project was terminated for non-performance. Efforts are
underway to secure a new developer.
B. Property Acquisition - Private Assemblages: The
acquisition of property necessary to create developable
areas for the commercial uses has been completed.
Assemblage of one of the two residential projects
remains.
C. Infrastructure Improvements: An assessment of additional
traffic mitigation measures was completed, and provides
the basis for future infrastructure efforts.
II. North Richmond Redevelopment Project Area
A. Development: Agency staff worked with staff of the East
Bay Municipal Utility District to develop plansifor its
water reclamation facility, and required mitigations
resulting from an agreement with the Agency. A 7-unit
infill housing development was under construction.
Unfortunately, the developer defaulted on its
construction loan. Agency staff has undertaken a. 1process
to secure a new developer. Agency staff worked with
several private developers in facilitating inf ill 1housing
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, whiph will
connect the North Richmond industrial area to I-580, was
completed in 1990. The Army Corp of Engineers has
completed the majority of the work on the San I Pablo/
Wildcat Creek Flood Control Project and the Agency has
continued to coordinate efforts to remove the ma]*8,rity of
the Project Area from the Flood Zone.
C. General. The North Richmond Revitalization Study,
funded
with a Community Development 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 Generall Plan
Amendment. The Agency has played an active rol el' in the
creation of the North Richmond COMET Program, a joint
City-County neighborhood awareness/improvement program.
III. West Pittsburg Redevelopment 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.
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B. Infrastructure. The Agency provided a preliminary
commitment of funds for water system improvements. The
Agency has committed funds towards the Willow Pass Road
widening project. The Agency monitored the Bailey Road
interchange improvement plans, and the BART East, County
alignment process.
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C. General: Agency staff has provided technical assistance
to the West Pittsburg PRIDE Committee to institute a
neighborhood improvement program.
IV. Oakley
A. Development: Assessment of an affordable housing equity
sharing loan program was initiated.
B. Infrastructure: The Agency has committed to funding a
portion of the Highway 4 frontage improvements between
Big Break Road and Charles Way.
V. Rodeo
A. Development: The Agency initiated a development plan
review process.
B. General: The, Agency has been actively involved in the
on-going Rodeo Waterfront Study of the EBRPD, the County
and the Coastal Conservancy. i
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VI. Other Redevelopment Activities
Staff continued to support the Administrator's office in the
evaluation of city redevelopment projects.
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SRA 19/jb/budget.bos
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