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HomeMy WebLinkAboutMINUTES - 09221992 - 1.56 rev 9/21/92 + S 6 TO: REDEVELOPMENT AGENCY Contra FROM: Phil Batchelor Costa Executive Director >. County . DATE: September 22, 1992 coru�"�J SUBJECT: FY 1992/93 Redevelopment Agency Budget SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS Adopt annual Redevelopment Agency budget for Fiscal Year 1992/93 in compliance with California Community Redevelopment Law. FISCAL IMPACT This budget provides for no General Fund subvention of the Agency (see below) . BACKGROUND/REASONS FOR RECOMMENDATIONS California community Redevelopment Law (Health& Safety Code §33606) requires in part that the Redevelopment Agency adopt an annual budget containing specific information. The attached report fulfills the requirements of Redevelopment Law and establishes a framework for implementation of the Contra Costa County Redevelopment Agency budget for fiscal year 1992/93 . This budget has been reviewed by local Project Area Committees. CONTINUED ON ATTACHMENT: YES SIGNATURE: iLV'J9 '.' RECOMMENDATION OF EXECUTIVE DIRECTOR RECO ATION OP AGENCY COM TEE APPROVE OTHER SIGNATURE(S) : ACTION OF AGENCY ON Spptemher 22 , 1992 APPROVED AS RECOMMENDED X OTHER VOTE OF COMMISSIONERS I HEREBY CERTIFY THAT THIS IS A X UNANIMOUS (ABSENT ) 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. Contact: Jim Kennedy 646-4076 ATTESTED September 22, 1992 Cc: Community Development PHIL BATCHELOR, Redevelopment Agency AGENCY SECRETARY County Administrator County Counsel Auditor-Controller BY Sens/rdbudget.bos , DEPUTY Highlights: • To comply with the new State budget, over $400, 000 in Agency revenue must be redirected to the State for redistribution to schools; • The total Agency budget from all sources (tax increments, bond proceeds, developer fees, loans, etc. ) is nearly $26 million; • To assist the County in dealing with its fiscal constraints, the Agency will repay over $900, 000 to the County General Fund; • With the availability of bond proceeds, the programs in West Pittsburg, Oakley and North Richmond will begin to exhibit tangible results during the fiscal year; • Directed economic development/commercial enhancement activities will be initiated in three of the project areas: West Pittsburg, Oakley and Rodeo. CONTRA COSTA COUNTY REDEVELOPMENT AGENCY BUDGET AND WORK PROGRAM FOR FISCAL YEAR 1992-93 INTRODUCTION California community Redevelopment Law (Health & Safety Code §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 $16, 558 , 938 including: • Tax Increment (Non-Housing) : Projects $1, 756, 850.1 Debt Service 962 , 000.2 2, 718,850. • Tax Increment (Housing) : 803 , 600.3 • Developer Fees: 4 , 377,742 .4 • Earnings on Real Property: 180, 000. • Developer Payments for Real Property 0. Acquisition/Relocation • Inter-governmental Revenue 2 , 340, 000. • Bond Proceeds 6, 138 , 746. TOTAL $16, 558, 938 . B. PROPOSED EXPENDITURES Proposed expenditures and reserves for FY 92-93 total $16, 558,938. Capital projects include preliminary engineering for the Bancroft Extension and Iron Horse Trail. The bulk of Agency funds are being reserved for the construction of the Bancroft extension. Housing assistance includes financial assistance to the Park Regency project and for the Area 4 property assemblage. Expenditures include: • Payments to Other Agencies Fiscal Agreements $ 76 , 000 SB 617 Payment 296 , 280 372 , 280. • Capital Projects Bancroft Extension 100, 000 Engineering Reserve/Bancroft Ext. Bond Proceeds 6, 138,746 SAP Fees 4, 143 , 682 Iron Horse Trail 158 , 600 10, 541, 028. Property Acquisition Area 4 Assembly 2, 494 , 600 Helix Note Retirement 448 , 000 2 , 942 , 600. • Park Regency Financial 608, 000.5 Assistance • Repayment of County Debt 900, 000. • Debt Service on Bonded Indebtedness 962 , 000. • Administration Salaries 10, 000 Services &Supplies 211, 030 Equipment 12 , 000 233 , 030. TOTAL $16, 558, 938 . Footnotes 1. 1992-93 Non-Housing Tax Increment of $880, 000; Carry-over of $834, 000; and Interest Earnings of $42 , 850. 2 . 1992-93 Debt Service Increment of $962, 000. 3 . 1992-93 Housing Tax Increment of $461, 000; Carry-over of $323 , 000; and Interest Earnings of $19, 600. 4 . Fund balance of $2 , 359, 000 and Interest Earnings of $117 , 950. Further, an additional amount of $1, 900, 792 in Specific Plan Fees have been paid, and reside with County of Contra Costa Mello-Roos Community Facilities District 1991-1. 5. Includes FY 91-92 payment, which was deferred, and FY 92-93 payment. (Continuation of Pleasant Hill BART) C. INDEBTEDNESS As of June 30, 1992, the Agency has incurred approximately $27.54 million in debt. The major elements of Agency debt for the Pleasant Hill BART Station Area are: • $22 . 68 million Tax Allocation Bonds issued in June, 1992 . • $1.70 million due to County General Fund for property advances and cash to the Agency. • $1.26 million due to Pleasant Hill BART TSM fund for an advance from transit fees. • $.40 million due Helix for property acquisition. • $1.20 million due Glendale Federal Savings for property acquisition (Area 4) . • $. 30 million due to State of California pursuant to SB 617 budget bill. II. NORTH RICHMOND A. ANTICIPATED REVENUES Available funds are expected to reach $1, 554, 020, including: • Tax Increment (Non-Housing) : Capital Projects $139 ,400 Debt Service 88 , 000 227, 400.1 • Tax Increment (Housing) : 34, 850.2 • Community Development Block 140, 000. Grant funds for housing • EBMUD Housing Mitigation Payment 53 , 000. • Inter-governmental Revenues 100, 000. • Bond Proceeds Capital Projects 799 , 016 Housing Program 199 ,754 998 , 770. TOTAL $1, 554, 020. B. PROPOSED EXPENDITURES Proposed expenditures and reserves for FY 92-93 are expected to be $1, 554, 020. Projects include the completion of the seven (7) unit affordable housing project, financing of the COMET program, and preliminary design engineering for the Brookside Drive realignment. Expenditures include: • Payments to Other Agencies SB 617 Payment $10,973 . • Capital Projects Brookside Realignment 689, 579 COMET Activities 15, 000 704, 579. • Housing Programs Infill Housing 294, 900 Mortgage Subsidiary Reserve for Housing 232 , 704 527, 604 . • Repayment of County Debt Flood Control Debt 109,237 County Advances 16, 829 126, 066. • Debt Service on Bonded Indebtedness 88, 000. • Administration Salaries 1, 000 Services & Supplies 86, 798 Equipment 9 , 000 _ 96, 798.4 TOTAL $1, 554, 020. C. INDEBTEDNESS The Agency has incurred approximately $1.27 million in debt as of June 30, 1992 . The major elements include: • $1. 13 million Tax Allocation Bonds issued in June, 1992 ; • $108, 500 to the County Flood Control District; • $22, 600 to the County General Fund for advances from the County; • $10, 000 due to the State of California pursuant to SB 617 budget bill. Footnotes 1. 1992-93 Tax Increment of $224, 000; and Interest Earnings of $3 ,400. 2 . 1992-93 Tax Increment net of housing debt service component of $34, 000; and Interest Earnings of $850. III. WEST PITTSBURG A. ANTICIPATED REVENUES Available funds are expected to reach $3 , 649,708 including: • Tax Increment (Non-Housing) : Capital Projects $ 866, 125 Debt Service 183 , 000 1, 049, 125.1 • Tax Increment (Housing) : 367, 975.2 • Bond Proceeds Capital Projects• 1, 786, 086 Housing Projects 446, 522 2 , 232 , 608 . TOTAL $3 , 649, 708. B. PROPOSED EXPENDITURES Proposed expenditures and reserves for FY 92-93 total $3, 649,708. Projects include contributions to the Willow Pass Road/Port Chicago Highway improvements, Flood Control improvements, a contribution for PRIDE activities, a housing construction loan, and commercial enhancement activities, including property acquisition/development by a non-profit economic development corporation. Expenditures include: • Payment to Other Agencies Fiscal Agreements $100, 375 SB 617 Payment 73 ,782 174, 157. • Capital Projects PRIDE Activities 40, 000 Commercial Enhancement 600, 000 Program Reserve/Capital Proj . 675,473 Willow Pass Road 830, 000 Flood Control 175 , 000 2 , 320,473 . • Housing Projects Housing Construction Loan 300, 000 Reserve/Housing Program 67, 975 1st Time Homebuyer Program 446 , 522 814, 497 . • Debt Service on Bonded Indebtedness 183 , 000. • Administration Salaries 1, 500 Services and Supplies 146, 081 Equipment 10 , 000 $ 157 , 581 TOTAL $3, 649, 708 C. INDEBTEDNESS The Agency has incurred approximately $4 . 1 million in debt as of June 30, 1992, including: • $2 . 54 million in Tax Allocation Bonds issued in June, 1992. • $1. 5 million contractual obligation with the County for infrastructure improvements. • $74, 000 to the State of California pursuant to SB 617 budget bill. Footnotes 1. 1992-93 Tax Increment of $569, 000; Carry-over of $459, 000; and Interest Earnings of $21, 125. 2 . 1992-93 Tax Increment net of housing debt service component of $96, 000; Carry-over of $263, 000; and Interest Earnings of $8, 975. IV. OAKLEY A. ANTICIPATED REVENUES Available funds are expected to reach $3 , 512 , 387 including: • Tax Increment (Non-Housing) : Capital Projects $ 563 ,750 Debt Service 154 , 000 717 ,750.1 • Tax Increment (Housing) : 232 , 675.2 • Bond Proceeds Capital Projects 2, 049 , 570 Housing Projects 512 , 392 2 , 561,962 . TOTAL $3 ,512, 387. B. PROPOSED EXPENDITURES Proposed expenditures for FY 92-93 total $3 , 512, 387. Projects include road/drainage improvements, park acquisition/improvements, library renovation, fire suppression improvements, and a downtown Specific Plan with resultant improvements. Expenditures include: • Payments to Other Agencies Fiscal Agreement $114, 375 SB 617 Payment 32 ,441 146, 816. • Capital Projects Downtown Specific Plan 70, 000 Misc Road Improvements 30, 000 Park Improvements 50, 000 Highway 4 Improvements 450, 000 Downtown Improvements 750, 000 Library Renovation 250, 000 Park Acquisition Fund 200, 000 Fire Hydrant Program 75, 000 Reserve/Capital Proj . 433 , 923 2, 308, 923 . • Housing Projects 1st Time Homebuyer Program 512 , 392 Reserve for Housing Proj . 232 , 675 745, 067. • Debt Service on Bonded Indebtedness 154, 000. • Administration Salaries 1, 500 Services & Supplies 146, 081 Equipment 10, 000 157 , 581. TOTAL $3 , 512 , 387. C. INDEBTEDNESS The Agency has incurred approximately $3. 54 million in debt as of June 30, 1992 which include: • $2 .98 million in Tax Allocation Bonds issued in June, 1992 . • $32, 450 to the State of California pursuant to SB 617 budget bill. • $530, 000 in contractual obligations to the County for infrastructure improvements. Footnote 1. 1992-93 Tax Increment of $542 , 000; Carry-over of $162 , 000; and Interest Earnings of $13, 750. 2 . 1992-93 Tax Increment net of housing debt service component of $97, 000; Carry-over of $130, 000; and Interest Earnings of $5, 675. V. RODEO A. ANTICIPATED REVENUES Available funds are expected to reach $366,950 including: • Tax Increment (Non-Housing) : $283 ,925.1 • Tax Increment (Housing) : 83 , 025.2 TOTAL $366, 950. B. PROPOSED EXPENDITURES Proposed expenditures and reserves for FY 92-93 total $366,950. The primary projects are Downtown/Waterfront Specific Plan, and San Pablo Avenue/Willow Avenue entranceway improvements. Expenditures include: • Payments to Other Agencies Fiscal Agreements $55, 000 SB 617 Payment -0- 55, 000. • Capital Projects Downtown/Waterfront 501000 Specific Plan San Pablo Ave. / 26, 500 Willow Ave. Reserve/Capital Proj . 17 , 752 94 , 252 . • Housing Projects Reserve for Housing Projects 83 , 025 • Repayment of County Debt 40, 262 . • Administration Salaries 1, 000 Services & Supplies 84 ,411 Equipment 91000 94 , 411. $366, 950. C. INDEBTEDNESS The Agency has incurred approximately $560, 000 as of June 30, 1992, including: • $59, 959 to the County's Housing Bond Trust Fund. • $500, 000 in contractual obligation for EBRPD improvements. Footnote 1. 1992-93 Tax Increment of $188, 000; Carry-over of $89, 000; and Interest Earnings of $6, 925 (accumulated deficit of $59, 000) . 2 . 1992-93 Tax Increment of $47, 000; Carry-over of $34, 000; and Interest Earnings of $2 , 025. SRAS/Ib/budget92.bos WORK PROGRAM FOR FISCAL YEAR 1992-93 The work program of the Contra Costa Redevelopment Agency for Fiscal Year 1992-93 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 the Pacheco/Buchanan Field area of the County. Specific goals, objectives and tasks of the Agency for Fiscal Year 92-93 are outlined 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) . 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. E. Continually evaluate the Agency's outstanding bonded indebtedness for cost saving opportunities. Goal 2 : Complete the Assemblage of specific Plan Development Areas. A. Finalize amendments to Disposition and Development Agreements (DDA's) for Development Area 3 . B. Complete the acquisition of remaining parcels required to complete Development Area 4 . 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 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. F. Provide for interior use of Agency property to further facilitate transit of utilization during the construction of regional traffic improvements. Goal 4 : Continue to evaluate Specific Plan Implementation. A. Continue to development 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 completion and occupancy of building. 3 . Explore and evaluate new TSM measures. B. Develop and initiate, with the Contra Costa Centre Association, a Child Care Affordability Program. C. Begin preliminary engineering and environmental documentation for the Bancroft Extension. Goal 5: Facilitate the Development of Affordable Housing. A. Provide financial assistance, as provided for in DDA's, to facilitate the delivery of affordable housing in the Park Regency project, including working with the County on tax-exempt multi-family financing. B. Initiate a competitive developer selection process for the development of Area 4 . II. North Richmond Redevelopment 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/Municipal Advisory Committee in implementing the Plan. C. Work with the County Administrator and the City of Richmond staff in implementing the COMET Program, a comprehensive County/City Neighborhood improvement program. D. Work with the County Administrator and other County department staff in implementing the North Richmond Integrated Management Plan, a comprehensive County Neighborhood improvement program. E. Continue in the preparation and subsequent implementation of the North Richmond Shoreline Specific Plan, and an amendment to the County General Plan. F. Work with County Public Works staff in establishing a North Richmond Area of Benefit to include Project Area road improvements and potential funding sources. G. Work with appropriate non-profit and County organizations to develop and initiate an employment training and information dissemination system. H. Coordinate the rezoning of appropriate areas to eliminate General Plan/zoning inconsistencies. Goal 2 : Monitor related public improvements in the Project Area. A. Continue to support the Richmond Parkway (Route 93) and the work of the Route 93 Committee. B. Monitor progress of removing areas in North Richmond from FEMA designated Flood Zones. Goal 3 : Commence infrastructure improvements necessary to allow construction to begin and to serve existing structures. A. Work with County Public Works staff in completing the design and subsequent implementation of the Brookside Drive realignment project. B. Complete environmental analysis where necessary. C. Initiate property acquisition and disposition where required to facilitate public improvements. Goal 4: Facilitate the development of affordable housing. A. Continue to work with appropriate private, public, and non-profit organizations and, when feasible, actively participate in the development of affordable housing. B. Undertake an evaluation of a First Time Homebuyers program to facilitate affordable home ownership opportunities , and other housing initiatives/opportunities. C. Assist in the final marketing and sale of seven single family homes developed with Agency assistance. 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/Port Chicago Highway intersection. D. Facilitate and participate in providing improvements along Willow Pass Road Corridor. E. Work with the County Administrator, the West Pittsburg PRIDE Committee, and the PAC in establishing and funding a neighborhood improvement program. F. Work with appropriate non-profit organizations in developing affordable housing, and actively participating in development activities where able. G. Undertake a commercial enhancement program, including marketing and directed Agency assistance to a non-profit economic development corporation. H. Undertake a First Time Homebuyers Program to facilitate affordable home ownership. I. Facilitate and participate in a Specific Plan for the West Pittsburg BART Station Area. J. Work with the community and Contra Costa Water District in developing a local program of water improvements, including improvements to individual homes. K. Manage other activities necessary to implement West Pittsburg Redevelopment Bond Issue programs. 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 in identifying road improvements that would likely promote development. C. Assist in the funding of Highway 4 widening from Empire to Vintage. 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. Undertake a First Time Homebuyers Program to facilitate affordable home ownership. F. Work with the Advanced Planning staff, Public Works and the Oakley Municipal Advisory Council to prepare and implement. a Specific Plan for downtown Oakley. G. Work with community park and library interests to determine an appropriate program of expenditures that will improve the quality of such services to the Oakley community. H. Develop with local water and fire agencies an improvement program that will enhance fire suppression capabilities in the Project Area. I. Manage other activities necessary to implement Oakley Redevelopment Bone Issue programs. 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 funding sources for road improvements that would likely promote the revitalization of Rodeo. C. Work with County Service Area R-10 and the East Bay Regional Park District to develop and begin park and recreation plans and programs. D. Facilitate and participate in Specific Plan for the downtown and waterfront areas. E. Undertake an evaluation of Willow Avenue/San Pablo Avenue entranceway improvements. Goal 2 : Monitor related activities in the Project Area. A. Continue active participation in the East Bay Regional Park District/Contra Costa County Joint Powers Authority West County Shoreline and Rodeo Waterfront program. B. Review development proposals in adjacent jurisdictions for compatibility with Rodeo interests. Goal 3 : Facilitate the development of affordable housing. A. Work with appropriate private, public and non-profit organizations to identify appropriate housing opportunities. B. Consider undertaking a First Time Homebuyers program to facilitate affordable home ownership. EXAMINATION OF ACHIEVEMENTS FOR FISCAL YEAR 1991-92 The Redevelopment Agency, during Fiscal Year 1991-92, continued to implement its Redevelopment Plans. I. Pleasant Hill BART Redevelopment Project Area A. Development of an 892 unit apartment project reached approximately 75% completion. A 4, 000 square foot child care center started construction late in the fiscal year. A major child care mitigation program was formalized and partially funded by area property owners. The Agency initiated negotiations with 5 property owners in Area 4 . Agreement was reached with three of the five, with an expectation of settlement with the remaining two. 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. D. Financing: The Agency was successful in issuing $22 .7 million in tax increment bonds to refinance its maturing 1987 notes ($7.5 million) , and to raise an additional $15.2 million for capital improvements. II. North Richmond Redevelopment Project Area A. Development: Agency staff continues to work with private developers interested in industrial development north of Wildcat Creek. A 7-unit infill housing project was brought back on-line and construction is approximately 70% complete. Agency staff worked with several private and non-profit developers in facilitating infill housing on scattered sites. B. Infrastructure: The Agency continued to work with the City of Richmond on the Richmond Parkway (Route 93) . The design, alignment and environmental assessment of Sections 4, 5 and 6, which will connect the North Richmond industrial area to I-80, is ongoing. The Agency has committed funds towards the Brookside Drive realignment project. C. General: The Agency continues to work with the City of Richmond on the North Richmond Specific Plan. The Agency and County Community Development Department staff completed the necessary environmental documentation and proceeded with the General Plan Amendment for the North Richmond area. The Agency continues its involvement in the COMET Program, a joint County-City neighborhood improvement program. The Agency has played an active role in the creation of the North Richmond Integrated Management Plan, a comprehensive County neighborhood revitalization program. III. West Pittsburg Redevelopment Project Area A. Development: Agency staff continues to work with non-profit and private developers interested in affordable housing development throughout the Project Area. Staff also continues to work with private developers interested in commercial or industrial development along Willow Pass Road and the industrial area north of Willow Pass Road. Development of a First Time Homebuyer Program was initiated. B. Infrastructure: The Agency provided funding for street improvements along Willow Pass Road, west of Bailey. The Agency also has allocated funding for landscaping improvements at the Port Chicago Highway/Willow Pass Road intersection. C. Bond Issuance: The Agency was successful in issuing a tax increment bond raising $2 , 232, 608 in bond funds for capital improvements and housing programs in West Pittsburg. D. General: Agency staff has provided technical assistance to the West Pittsburg PAC and the PRIDE Committee to institute a neighborhood improvement program. Questionnaires were sent to all property owners in the North Broadway residential section of West Pittsburg to assess needs and willingness to participate in such a program. IV. Oakley Redevelopment Project Area A. Development: Assessment of a First Time Homebuyer Program was initiated. Agency staff continues to work with private developers interested in residential and commercial development within the project area. B. Infrastructure: The Agency committed funding to widen a portion of the Highway 4 frontage improvements between Big Break Road and Charles Way. C. General: Agency staff initiated a goals setting workshop with the Oakley Chamber of Commerce. Agency staff worked with the Oakley Municipal Advisory Council, the County Public Works Department, the County Advanced Planning staff, and the Oakley Chamber of Commerce to issue a Request for Proposals to hire a consultant to prepare a Specific Plan for downtown Oakley. D. Bond Issuance: The Agency was successful in issuing a tax increment bond raising $2 , 561, 962 in bond funds for capital improvements and housing programs in Oakley. V. Rodeo A. Development: The Agency had Design Guidelines prepared for the downtown commercial corridor. Agency staff continues to work with private developers interested in residential, mixed-use, and commercial development in the Project Area. B. Infrastructure: Agency staff continues to monitor the San Pablo/Willow/Park Avenue interchange improvement plans, and the CalTrain commuter train depot siting process. B. General: The Agency has been actively involved in the ongoing Rodeo Waterfront Study of the EBRPD, the County and the Coastal Conservancy. The Agency monitored the land swap plans between UNOCAL and the John Swett Unified School District.