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Home My WebLink AboutMINUTES - 07222003 - C.63 TO: REDEVELOPMENT AGENCY/BOARD OF SUPERVISORS FROM: John Sweeten, Executive Director Dennis M. Barry, AICP, Director of Community Development DATE: July 22, 2003 SUBJECT: Pleasant Hill BART Station Area Redevelopment Plan SPECIFIC REQUEST(S) OR RECOM'M'ENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS: As the Board of Supervisors, ADOPT Resolution authorizing proceeding with an amendment to the Redevelopment Plan for Pleasant Hill BART Station Area Redevelopment Project increasing the limit on the amount of bonds that may be outstanding, and increasing the limit on the total amount of tax increment that the Agency may receive over the life of the Plan, and actions related thereto; and As the Caverning Board of the Redevelopment Agency,ADOPT Resolution authorizing proceeding with an amendment to the Redevelopment Plan for Pleasant Hill BART Station Area Redevelopment Project increasing the limit on the amount of bonds that may be outstanding,and increasing the limit on the total amount of tax increment that the Agency may receive over the life of the Plan, and actions related thereto. FISCAL IMPACT: The proposed amendment to raise the cap on tax increment that may be received will trigger AB 1290 tax increment pass-through requirements once the current limit of$125 million is reached. All taxing agencies, including the County and County controlled agencies would begin receiving pass through payment at that time, which is estimated to occur in 2015 or later. BACKGROUNDIREASONS FOR RECOMMENDATIONS: See next page. CONTINUED ON ATTACHMENT: X YES SIGNATURE: COMMENIJATItN OF EXECUTIVE DIRECTOR ECOMM' ATION OF AGENCY COMMITTEE ,. APPROVE OTHER F t SIGNATURE(S):/ ,_- k ACTION OF AGE Y/ON .rule 22, 2003 APPROVED AS RECOMMENDED x OTHER S` ERVISORS VOTE OF COMMISSIONERS/SUPERVISORS I HEREBY CERTIFY THAT THIS IS A X UNANIMOUS (ABSENT IV ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF SUPERVISORS/AGENCY ON THE Contact: Jim Kennedy DATE SHOWN, 5-1255 oriig: Redevelopment Agency cc: County Administrator ATTESTED July 22, 2003 County Counsel Community Development JOHN SWEETEN, CLERK OF via: Redevelopment THE BOARD OF SUPERVISORS/ AGENCY SECRETARY BY,' ' ` ��" , DEPUTY \\fs-cd\users$\lnoble\Personal\Board Orders and Greenies\BOARD.RDA.7.03 .PHBart.rdaplan.doc BACKGROUND/REASONS FOR RECOMMENDATIONS In preparing the current issuance of Redevelopment Tax Allocation bonds approved by the Board of Supervisors/Redevelopment Agency on.lune 24,2003 it became apparent that the Pleasant Hill BART Station Area Redevelopment Plan needed to be amended to accommodate planned activities, particularly those related to development of the BART property. The specific amendments are to: • Raise the limit on the amount of bonds secured by a pledge of tax increment that may be outstanding at one time; and • Increase the limit on the total amount of tax increment that the Agency may receive over the term of the plan. The current limit on the amount of bonded indebtedness for Pleasant Hill BART is $40 million. The current limit on the amount of tax increment that may be received is $125 million. It is currently estimated that the bonded indebtedness cap would be raised to$100 million (subject to change). The cap on tax increment that may be received is estimated to be raised to$300-400 million(subject to change). The analysis to be conducted during the amendment proceeding will determine the appropriate limits to be considered. The recommended actions will allow the legally prescribed process to move forward. The Board of Supervisors/Redevelopment Agency will have a recommended action regarding the Plan Amendment in five to six months. THE REDEVELOPMENT AGENCY OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on July 22, 2003 by the following vote: AYES: Supervisors Gioia, Uilkam, Greenberg, Glave, NOES: brie ABSENT: Supervisor DeSeulnier ABSTAIN: Nme Resolution No.:2003/472 SUBJECT: (1)Authorizing proceeding with an amendment to the Redevelopment Plan for the Pleasant Hill BART Station Area.Redevelopment Project increasing the limit on the amount of bonds secured by a pledge of tax increment that may be outstanding at one time and increasing the limit on the total amount of tax increment that the Agency may receive over the term of the plan(2) concurring in designation of the Agency as the responsible agency and designating the County as the lead agency for the environmental review process for the adoption of the plan amendment, (3) determining that a project area committee is not required for the amendment, adopting a community participation process, and authorizing staff to commence community consultations, and(4) authorizing future transmittal of the proposed plan amendment and CEQA documentation. The Contra Costa County Redevelopment Agency RESOLVES THAT: The Board of Supervisors (the "Board") of the County of Contra Costa(the "County„) adopted the Redevelopment Plan for the Pleasant Hill BART Station Area Redevelopment Project by Ordinance No. 84-30, adopted on July 10, 1984, and subsequently amended and restated by Ordinance No. 88-55 on July 19, 1988, and later amended by Ordinance No. 94-62 on December 6, 1994 and by Ordinance No. 99-04 on February 23, 1999(the "Redevelopment Plan"). During the course of Redevelopment Plan implementation by the Contra Costa County Redevelopment Agency(the "Agency"), it has become apparent that in order to effectively redevelop the existing Pleasant Hill BART Station Area Redevelopment Project Area(the "Project Area"), an amendment to the Redevelopment Plan is necessary and appropriate to increase the limit on the amount of bonds secured by a pledge of tax increment that may be outstanding at one time and increasing the limit on the total amount of tax increment that the Agency may receive over the term of the Redevelopment Plan(the "Plan Amendment"). The primary reason for those increases is to finance the costs of public infrastructure so as to foster private and public development of the surface parking lots surrounding the BART Station located in the Project Area in accordance with and as contemplated by the Redevelopment Plan and the Specific Plan for the Pleasant BART Station Area. Section 15050 of the California Environmental Quality Act Guidelines (the"CEQA Guidelines")requires that when a project requiring environmental documentation is to be carried out or approved by more than one public agency, one public agency(the "Lead Agency")shall be responsible for preparing the environmental documentation for the project. Section 15051 of the CEQA Guidelines provides that where two or more public agencies have a substantial claim to be the Lead Agency, the public agencies may by agreement designate one of the agencies as the Lead Agency. The Agency and the County have agreed that the County, as the legal entity with final authority to approve and adopt the Plan Amendment pursuant to the California. Community Redevelopment Law, should serve as the Lead Agency, and the Agency should serve as the "Responsible Agency." \\fs-cd\users$\Inobie\Personal\Documents\rda.reso.phbart.7.03.dgc The proposed Plan Amendment will not add territory to the Project Area, nor grant new authority to the Agency to acquire by eminent domain property on which a substantial number of low and moderate income persons reside. Therefore,pursuant to Health and Safety Cade Section 33385.3, a project area committee is not required in connection with the proposed Plan Amendment. While a project area committee will not be formed, the Agency desires to continue to seek active consultation with interested residents, business owners and community organizations in the Project Area concerning the preparation, adoption, and implementation of the proposed Plan Amendment. Pursuant to the Community Redevelopment Law and the California Environmental Quality Act,the Agency is required to distribute the proposed Plan Amendment and environmental documentation to all affected taxing entities, the County Planning Commission, and various other interested persons and entities. NOW, THEREFORE, BE IT RESOLVED that the Agency hereby authorizes proceeding with the Plan Amendment adoption process. BE IT FURTHER RESOLVED, that the Agency concurs in the designation of the County as the Lead Agency and the Agency as the Responsible Agency for purposes of the preparation of the environmental documentation for the proposed Plan Amendment. BE IT FURTHER RESOLVED that the Agency finds that,pursuant to Health and Safety Code Section 33385.3, a project area committee is not required to be formed because the proposed Plan Amendment will not add territory to the Project Area, nor grant new authority to the Agency to acquire by eminent domain property on which a substantial number of low and moderate income persons reside, and the Agency hereby authorizes and directs the Deputy Director-Redevelopment of the Agency or the Deputy Director-Redevelopment's designee to consult with and obtain the advice of residents,business owners, and community organizations within the Project Area concerning the proposed Plan Amendment. BE IT FURTHER RESOLVED that the Agency authorizes and directs staff to undertake the analysis necessary to determine the environmental document that will be used in conjunction with the consideration of the proposed Plan Amendment,prepare the environmental document and distribute it to all affected taxing entities, the County Planning Commission, and various other interested persons and entities as required by law. BE IT FURTHER RESOLVED that the Agency hereby authorizes and directs staff to prepare and distribute the proposed Plan Amendment and accompanying documents(including a preliminary report regarding the Plan Amendment) to all affected taxing entities, the County Planning Commission, and various other interested persons and entities as required by law and take such other steps as are necessary to go forward with the consideration by the Agency and the County of the Plan Amendment, nereoy tWilliy that this is & true Lind comes copy of an action taken and entered on the minutoa €f the Board gat Supervisors on the da shown. JOHN SWEETEWas*of the Board cif rvisorsMd Cotrn mtr 1, r #vr • . f. :: Deputy lits-cdlusers$1moble\Personal\Documentsirda.reso.phbart.7.03.dT