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HomeMy WebLinkAboutMINUTES - 11051996 - C81 Contra TO: REDEVELOPMENT AGENCY ••� l Costa FROM: Phil Batchelor •�� r Courcy Executive Director DATE: November 5, 1996 SUBJECT: FY 1996-97 Redevelopment Agency Budget SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS ADOPT the attached annual Redevelopment Agency budget for fiscal year 1996-97 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 Section 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 1996-97. This budget has been reviewed by local Project Area Committees. CONTINUED ON ATTACHMENT: YES SIGNATURE: i RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMNDATION OF GENCY COMMITTEE APPROVE OTHER 7 SIGNATURE(S): ACTION OF AGENCY ON APPROVED AS RECOMMENDED OTHER VOTE OF COMMISSIONERS I HEREBY CERTIFY THAT THIS IS A /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 S. 190,6 cc: Community Development PHIL BATCHELOok Redevelopment Agency AGENCY SECRETARY County Counsel County Administrator Auditor-Controller B , DEPUTY JK:Ih sra20/bud9697.bos a: HIGHLIGHTS • To continue the Transportation Demand Management (TDM) Program at the Pleasant Hill BART Station Area, the Agency will make a$160,000 payment on its loan balance; • Initiation of First Time Homebuyer Mortgage Assistance/Housing Rehabilitation programs in two project areas -' Bay Point and North.Richmond; • Economic Development activities, including facade rehabilitation, property acquisition/ development, and downtown plans, totaling over $2.5 million in four project areas -North Richmond,Bay Point, Oakley and Rodeo; • Continuation of the OPEN Jobs Program to link jobs to local population - North Richmond; • Major infrastructure improvements, including: 1. Traffic studies and environmental documentation related to Amendments to the Pleasant Hill BART Specific Plan; 2. Completion of the Iron Horse Trail and a respite area at Del Hombre, right- of-way between Treat and Monument(except for the Hookston Station area); 3. Brookside Drive realignment-North Richmond; 4. Flood control improvements.-Bay Point; 5. Initiation of a Northtown Revitalization Program -Bay Point; 6. Highway 4 improvements- Oakley; 7. Park improvements - Oakley; 8. Library Initiative - Oakley; 9. Major road, drainage and sewer improvements for the Sand Hill area - Oakley; 10. Frontage improvements -Rodeo; • Major housing development financial assistance, including: 1. Area 4 residential site-Pleasant Hill BART; 2. North Richmond Senior Housing-North Richmond; 3. Parkway Estates-North Richmond; 4. Alves Lane Housing reconstruction-Bay.Point; 5. BRIDGE Housing Development-Bay Point 6. Golden Oak Senior Manor- Oakley; 7. Senior Housing-Rodeo; 8. Fust Time Homebuyer/Housing Rehabilitation assistance -North Richmond and Bay Point; 9. Capacity building for a neighborhood based non-profit -North Richmond. ' 1 • Community improvement activities include: 1. Clean-up and improving a unutilized portion of Del Hombre Lane as a respite area; 2. COMET activities -North Richmond; 3. M.A.R.S.H. activities- Oakley; 4. Northtown Revitalization-Bay Point; 5. Planning facilitator for P-1 Rezoning Program-North Richmond. 2 CONTRA COSTA COUNTY REDEVELOPMENT AGENCY BUDGET AND WORK PROGRAM FOR FISCAL YEAR 1996-97 INTRODUCTION California Community Redevelopment Law (Health & Safety Code Section 33606) requires the Redevelopment Agency to adopt an annual budget containing the following: Anticipated revenues and 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. 3 1. PLEASANT BILL BART STATION AREA A. REVENIJESXMENSES Total FY 1996-97 revenues and budget expenditures are$15,157,800 as shown: 10/27/96 . PLEASANT HILL BART REDEVELOPMENT PROJECT AREA FINAL 1996-97 FISCAL YEAR BUDGET Revenue Sources for FY 1996-97 Budget Uses ******Tax Increments****** *******Bond Proceeds******* specific Other Capital Funds Housing Funds Capital Funds Housing Funds Plan Fees Revenues TOTAL ............ ............ ............ ............. ............ ..... ............. Payments to other Agencies: Fiscal Agreements $86,000 $86,000 ERAF Payment $0 $0 Capital Projects: Circulation improvements *Construction Fund $7,015,000 $4,690,312 $11,705,312 Traffic Studies $25,000 $25,000 EIR $50,000 $40,000 g $90,000 Plan Amendments $20,000 $20,000 9 $40,000 Fiscal Consultant $15,000 $15,000 Iron Horse Trail $136,000 $136,000 Del Sombre Respite $50,000 $50,000 Reserve for Greenspace $80,000 a $80,000 Unallocated Capital Funds $64,193 $150,000 e $214,193 Housing Projects: Park Regency Financial Assistance $210,532 $564,4.68 $775,000 Debt Service County Debt $160,000 $160,000, Debt Service-Banded Indebtedness $1,318,000 $1,318,000, Glonfed Interest Payment $115,000 $115,000 Property Expenses Taxes/Kisc $47,325 $47,325 Administration Salaries $2,400 $2,400 Services a Supplies $296,070 $296,070 Equipment $2,500 $2,500 TOTALS $2,462,020 a $564,458 b $7,015,000 c $0 $4,826,312 d $290,000 $15,157,800 f a 1996-97 Tax Increments of $2,087,6001 Carry-over of $352,000; & interest earnings of $22,420. b 1996-97 Tax Increments of $553,400; & interest earnings of $11,068. c Capital Bond Proceeds of $7,015,000; d Specific Plan Fee Account Balance of $2,813,000; Interest Earnings of, $112,520;.&Mello-Roos Bond Proceeds of $1,900,792. 'e Income from property rentals f Additional encumbrances available for expenditure, but not included in the budget, are: Meyer -Mohaddes (Traffic Studies) $484 Heller-Manus (Plan Consultant) $1,666 Total Encumbrances $2,156 g Developer/landowner payments 4 B. PROJECT DESCRIPTION PLEASANT HILL BART STATION AREA 1. Fiscal Agreements: Pass-thru payments to Taxing Agencies pursuant to approved Fiscal Agreements. 2. Circulation Improvements: Construction funds as part of Specific Plan Amendments/EIR/Traffic Study are reserved for future project(s) to be determined. 3. Traffic Studies: Completion of traffic study (initiated in FY 1996) of alternative circulation improvements and alternative land use scenarios. 4. EIR: Environmental documentation for Specific Plan Amendments. S. Specific Plan Amendments: Consultant costs associated with Specific Plan Amendment consideration. 6. Fiscal Consultant: Consultant to prepare Agency tax increment projections for scoping Specific Plan implementation capabilities. 7. Iron Horse Trail: Completion of Iron Horse Trail from Coggins to Treat Boulevard, 8. Del Hombre Repair: Conversion of a remnant portion of Del Hombre to a respite area to complement the Iron Horse Trail. 9. Reserve for Greenspace: Reserve for development of proposed greenspace on former Southern Pacific right-of-way. 10. Unallocated Capital Funds: Capital Projects funds reserved for future designation. 11. Park Regency Financial Assistance: Contractually obligated payment to Park Regency owner for affordable housing. 12. County Debt: Repayment of funds borrowed from County Assessment District 1983-1. Repaid monies to fund Transportation Demand Management (TDM)Program at the Pleasant Hill BART Station. 13. Bonded Indebtedness: Principal and interest due on outstanding bonded indebtedness. 14. Glenfed Interest Payment: Payment on interest only note with Glendale Federal Savings for acquisition of Area 4 residential site. 15. Property Taxes: Special assessments/special taxes on Agency held property. 16. Administration: Salaries, services, supplies, and equipment in support of project implementation. S C. INDEBTEDNESS -PLEASANT HILL BART STATION AREA As of June 30, 1996,the Agency has approximately $45.4 million in debt. The major elements of Agency debt for the Pleasant Hill BART Station Area are. • $35 million in principal and interest due on Tax Allocation Bonds issued in June, 1992. • $.99 million due to Pleasant Hill BART TSM fund for an advance from transit fees. • $2.1 million due to the County Affordable Housing Trust Fund for property acquisition(Area 4). • $1.2 million due Glendale Federal Savings for property acquisition (Area 4). 6 II. NORTH RICHMOND REDEVELOPMENT PROJECT AREA A. REVENUESLEMEESES Total 1995-97 revenues and budgeted expenditures are$1,888,894 as shown below: 10/27/96 NORTH RICHMOND REDEVELOPMENT PROJECT AREA Appvd by NR MAC FISCAL YEAR 1996-97 BUDGET FINAL Revenue Sources for FY 1996-97 Budget Uses ****Tax Increments**** ******Bond Proceeds****** Capital Funds Housing Funds Capital Funds Housing Funds Other Revenues TOTAL ..... ... saaasa..... ma=aaa...... sa:avaaa:saa. ...aria.... aaa�amxv:vas Payments to Other Agencies: Fiscal Agreements $0 $0 Capital Projects: Brookside Drive Realignment $149,351 $149,351 Market & Chesley Railroad X $250,000 $250,000 Incubator Feasibility Study $50,000 $50,000 Unallocated Capital Funds $2,718 $305,549 $308,267 Housing Projects: . Senior Housing Project $66,576 $66,576 First Time Homebuyer/203X Prog. $62,500 $250,000 a $312,500 Parkway Estates $57,609 $275,200 $332,809 CHDC Capacity Building/Support $35,000 $35,000 Infill Housing (5th & Giaramita) $2,500 $2,500 Construction Mgr-Parkway $22,290 $11,460 $33,750 Debt Service Bonded Indebtedness $172,000 $43,000 $215,000 Community improvement Programs: COMET Activities $20,000 $20,000 OPEN Job Training Program $5,033 $5,033 Planning Facilitator $1,284 $1,284 Administration Salaries $2,400 $2,400 Services & Supplies $101,346 $1,578 c $102,924 Equipment $1,500 $1,500 TOTALS $436,180 a $91,960 b $704,900 $337,700 $318,154 $1,888,894 d a 1996-97 Tax increments of $350,000;.carry-over of $81,000; & interest earnings of $5,180. b 1996-97 Tax Increments of $88,000; carry-over of $3,000; & interest earnings of $960. c Loan from County Housing Bond Trust Fund d Additional encumbrances available for expenditure, but not included in the budget, are: * HRS (Parkway) $4,866. * Terry Peterson $4,774 * CHDC (Parkway) $33,479 * CBDC/EDEN (Sr. Rog.) $13,644 ry * Land Acq. (Sr. Hag.) $73,314 * Cannon Design $584 * Vanstar $1,274 aaaaaamaa Total Encumbrances $133,935 e Loan from County Affordable Housing Trust Fund/CDBG Funds 7 B. PROJECT DESCRIPTION: NORTH RICHMOND 1. Fiscal Agreements: Pass-thru payments to Taxing Agencies pursuant to approved Fiscal Agreements. 2. Brookside Drive Realignment: Completion of project to eliminate two hazardous ninety degree turns on Brookside Drive, a major circulation corridor into the employment area of North Richmond. 3. Market and Chesley Railroad Crossings: Project to permanently (i.e., concrete) improve the Union Pacific Railroad crossings on both Market and Chesley. 4. Incubator Feasibility Study: Funds to prepare a financial feasibility study for siting.a business incubator facility in North Richmond. 5. Unallocated Capital Funds: Capital funds reserved for future designation. 6. Senior Housing Project: Land acquisition, relocation and site preparation for a 50- unit senior citizen housing project;including a Center for Health and commercial/retail space. Project is in process of securing federal financing necessary to bring it to completion. 7. First Time Homebuyer/203K Program: First time homebuyer and down payment assistance for lower-income households purchasing and rehabilitating homes in the North Richmond Redevelopment Project Area. The program has secured HOME i funds to be used to provide additional assistance. ' 8. Parkway Estates: Predevelopment, construction and first time homebuyer/down payment assistance for lower-income households purchasing a home in the 87 unit single family housing development. Agency funds are being used with CDBG and HOME federal program funds. 9. CHDC Capacity Building/Support: Administrative support for a neighborhood based non-profit housing developer - Community Housing Development Corporation of North Richmond. 10. Infill Housing (5th& Giaramita): Completion of repair work on the 5th Street and Giaramita Street homes. 11. Construction Manager Party to oversee construction of Parkway Estates project on behalf of Agency and CHDC. 12. Bonded Indebtedness: Principal and interest due.on outstanding bonded indebtedness. 13. COMET Activities: Redevelopment Agency contribution to comprehensive County/City neighborhood improvement program. 14. OPEN Job Training Program: Carry-over of funding of Rubicon's program to link jobs being created in employment area of North Richmond to unincorporated area residents. 15. Planning Facilitator: Planning consultant to complete work with the North Richmond Municipal Advisory. Council, the County, and Agency in fine tuning the North Richmond P-1 rezoning process. 16. Administration: Salaries, services, supplies, and equipment in support of project implementation. 8 i C. 1 DEBTEDNESS -NORTH RICHMOND The Agency has incurred approximately$7.0 million in debt as of June 30, 1996. The major elements include: • $6.1 million in principal and interest due on Tax Allocation Bonds issued in June, 1992 and June, 1995. • $530,000 to the County for advances from the County Affordable Housing Trust Fund. b • $200,000 contracted obligations with the County for road and drainage improvements. • $80,110 due to the Single Family Housing Bond Fund. 9 III. BAY POINT REDEVELOPMENT PROJECT AREA A. REVENUES/EXPENSES Total 1996-97 revenues and budgeted expenditures are $5,316,280 as shown below: 10/27/96 BAY POINT REDEVELOPMENT PROJECT AREA Appvd by PAC 1996-97 FISCAL YEAR BUDGET FINAL e~ Revenue Sources for FY 1996-97 Budget Uses *******Tax Increments****** ******Bond Proceeds****** Capital Funds Housing Funds Capital Funds Housing Funds Other Revenues TOTAL ............. .............. ............. ............. .............. a.......... Payments to Other Agencies: Fiscal Agreements ;145,000 ;145,000 Capital Projects: PCH/WP Road Landscaping ;81,925 ;81,925 Code Enforcement ;11,329 ;11,329 Facade Rehabilitation Assistance ;28,790 ;28,790 Facade Rehabilitation Admin. ;7,500 ;7,500 Flood Control--Bailey Road Area ;31,201 ;31,201 Northtown Revitalization.Program ;99,838 ;2,100,000 ;2,199,838 Pacifica Park e ;60,000 ;60,000 Alves Lane Drainage ;36,390 ;56,220 ;102,610 Willow Pass Road Widening ;50,000 ;50,000 McAvoy Harbor Rail Crossing Impvt ;20,000 ;20,000 Unallocated Capital Funds ;5,156 ;62,000. . ;67,156 Housing Projects: First Time Homebuyer Program/203(k) ;42,850 ;19,650 ;250,000 a ;312,500 Alves Lane Housing ;280,865 ;80,023 ;360,888 BRIDGE Housing ;121,734 ;137,237 c ;154,000 ;412,971 Unallocated Housing Funds ;82,610 ;6,350 _ ;88,960 Debt Service-Bonded Indebtedness ;344,000 ;86,000 ;430,000 Economic Development Activities: Land Acquisition ;50,688 ;633,780 ;684,468 BART/Bailey Rd SAP ;50,000 ;50,000 BART/Bailey Rd EIR ;25,000 ;25,000 Administration Salaries ;2,400 ;2,400 Services & Supplies ;141,494 ;141,494 Equipment ;2,250 ;2,250 TOTALS 411545,560 a ;428,720 b ;2,912 000 , ;180,000. ;250,000 ;5,316,280 c,d a 1996-97 Tax Increments of ;745,600; carry-over of ;776,400; & interest earnings of ;23,560. b 1996-97 Tax Increments of ;186,400; carry-over of ;235,600; & interest earnings of ;6.,720. c An additional ;342,805 are available (encumbered) for expenditure. d Additional encumbrances available for expenditure, but not included in the budget,are: * Cannon Design Group ;17,490" * Site Development Consultant (WP Rd/PCH) ;1,870 * Canal Road Assemblage ;100,000 * BRIDGE Housing ;222,171 " Vanstar ;11274 e County CDBG funds 10 B. PROJECT DESCRIPTION: BAY POINT 1. Fiscal Agreements: Pass-thru payments to Taxing Agencies pursuant to approved Fiscal Agreements. 2. Landscaping Willow Pass Road and Port Chicago Highway: Project involves installing landscaping and median islands in the "Gateway area, from the intersection of Willow Pass Road and Port Chicago Highway. 3. Targeted Code Enforcement: 'A combined effort between the Redevelopment Agency and the Building Inspection Department to alleviate health and safety hazards north of Willow Pass Road in the North Broadway/Solano/Poinsettia Avenue area in Bay Point. 4. Facade Rehabilitation Program: Financial assistance program to improve the exterior physical appearance .of commercial properties in Bay Point. A revolving loan.fund is to be paired with County Community Development Block Grant(CDBG)funds and a match from the property owner or business tenant. 5. Flood Control Improvements: The addition of improved pipe is to be made west and east of Bailey Road, and extend from the Atchison Topeka& Santa Fe Railroad tracks to State Route 4. The project will be an incentive to residential and commercial development. 6. Northtown Revitalization Program: Initiation of major and comprehensive infrastructure and community improvement planning effort for the area north of Willow Pass Road and east of Bailey Road. 7. Pacifica Park: Installation of new playground structure and renovation of existing restroom. 8. Willow Pass Road Improvements: Project to include widening and repaving Willow Pass Road,.establishing a bicycle lane, installing curb, gutters and sidewalks from Bailey Road to Bay View Avenue. 9. McAvoy Harbor Rail Crossing: Project to improve the Union Pacific Railroad Crossing into McAvoy/Harris Harbor areas. 10. Unallocated Capital Funds: . Capital Project funds reserved for future designation. 11. First Time Homebuyer/203K Program: First time homebuyer and down. payment assistance for lower-income households purchasing and rehabilitating homes in the Bay Point Redevelopment Project Area. The program has secured HOME funds to be used to provide additional assistance. 12. Alves Lane Housing: Construction of 14 rental units affordable to low and moderate income households. The project is located at Alves Lane and Water Street. 13. BRIDGE Housing: Construction of 46 aff6rdable rental units at Alberts and Willow Pass Road. 14. Unallocated Housing Funds: Housing Set-Aside funds reserved for future designation. 15. Bonded Indebtedness: Principal and interest due on outstanding bonded indebtedness. 16. Economic Development/Land Acquisition: Additional acquisition of strategic .parcels suitable for employment and/or retail uses. 11 17. Bailey Road/BART Specific Plan: Development of a Specific Plan for the area surrounding the Bailey Road interchange and the Bay Point BART Station. Program will be a joint planning effort of County, City of Pittsburg, and BART. Program will be a joint planning effort of County, City of Pittsburg, and BART. 18. Bailey Road/BART Specific Plan EIR:' Preparation of an Environmental Impact Report on the proposed Specific Plan. 19. Administration: Salaries, services, supplies, and equipment in support of project implementation. 12 C. INDEBTEDNESS -BAY POINT The Agency has incurred approximately $14.8 million in debt as of June 30, 1996, including: • $12.2 million in principal and interest on Tax Allocation Bonds issued in June, 1992 and December, 1995. • $1.5 million obligation for infrastructure improvements. $248,000 contracted obligations with the County for road and drainage improvements. 13 III. OAIfLEY REDEVELOPMENT PROJECT AREA A. R.F�NLTESOMENSES Total 1996-97 revenues and budgeted expenditures are $5,183,940 as shown below: 10/27/46 OAKLEY REDEVELOPMENT PROJECT AREA OMAC Approved 1996-97 FISCAL YEAR BUDGET FINAL Revenue Sources for FY 1996-97 Budget Uses *******Tax Increments****** ******Bond Proceeds****** Capital Funds Housing Funds Capital Funds Housing Funds other Revenues TOTAL aaaaaaaasaaa. amaaaaaaaaaaaa aaaaaaaaaaas. aaaaaaaaaaaa. aaa:zaaaaaaaaa aaaaaaascaaa Payments to Other Agencies: Fiscal Agreements $225,000 $225,000 Capital Projects: Road Impvts-Empire to Vintage $0 $257,341 $257,341 Master Plan/Park Improvements $50,000 $50,000 Park Improvement/Acquisition $200,000 $200,000 Signal-Highway 4 & Malicoat $50,000 $50,000 Sand Hill Infrastructure $415,000 $415,000 M.A.R.S.H. Revitalization Project $275,000 $275,000 Industrial Area Economic Analysis $50,000 $50,000 Unallocated Capital Funds $197,236 $200,000 $397,236 Housing Projects: Golden Oak Senior Manor $149,759 $149,759 811 Project $128,701 a $46,000 $0 a $174,701 Debt Service-Bonded Indebtedness $198,400 $49,600 $248,000 Economic Development Activities: Downtown Improvements $831,970 $1,685,659 $2,517,629 Downtown Specific Plan - SAP Consultant $20,000 $20,000 Administration Salaries $2,400 $2,400 services & Supplies $149,624 $149,624 Equipment $2,250 $2,250 TOTALS $2,466,880 a $328,060 b $2,343,000 $460000 $0 $5,183,940 c a 1996-97 Tax Increments of $953,200; carry-over of $1,469,200; & interest earnings of $44,480. b 1996-97 Tax Increments of $237,800; carry-over of $84,800; & interest earnings of $5,460. c Additional encumbrances available for expenditure, but not included in the budget, are: * Mills Associates--ETR $3,213 * Golden Oak Manor $29,051 * PM $22,774 a:aasaaavaa Total Encumbrances $55,038 14 B. PROJECT DESCRIPTION: OAKLEY 1. Fiscal Agreements: Pass-thru payment to Taxing Agencies pursuant to approved Fiscal Agreements. 2. Road Improvements: Empire to Vintage Avenue. Improvements include landscaping,landscape irrigation facilities,median islands and sidewalks along State Route 4. 3. Master Plan/Park Improvements: .Funds to Master Plan the Moira Park site U for a new library/recreational facility. 4. Park Improvements/Acquisition: Funds to implement the Oakley Parks Master Plan. 5. Signal-Highway 4 and Malicoat Avenue: A traffic signal is to be constructed at the intersection of Malicoat and State Route 4 to mitigate expected increased traffic from a proposed subdivision on the easterly end of Malicoat. The developer, Redevelopment Agency and Public Works Department will share the cost of the signal. 6. Sand Hill Infrastructure: Improvements including the paving, of streets, installation of curb,gutter and sidewalks, and drainage/sewer system facilities in the older Sand Hill neighborhood. Agency funds will be used in conjunction with developer funds. An additional $414,000 of future redevelopment funds have been programmed for this project, and will be made available when Subdivision 7689 is built. 7. M.A.R.S.H.Revitalization Project: Installation of new sidewalks where none are present, repair of existing sidewalks which compromise health and safety, and installation of handicap curbs on residential streets in the area bounded by Main on the north,Norcross on the west,Home ori the south, and 5th on the east. 8. Industrial Area Economic Analysis: Preparation of an economic/financial feasibility analysis of the industrial area of Oakley located generally between Neroly on the west, Oakley on the south,Empire on the east, and State Route 4 on the north. 9. Unallocated Capital Funds: Reserve funds for new and/or existing capital projects. 10. Golden Oak Senior Manor: Predevelopment, construction and permanent loan financing for a 50 unit development for low and moderate 'income senior citizens. Agency funds are being used with Low Income Housing Tax Credits, CDBG, and County HOME funds. 11. 811 Project: Predevelopment, construction, and permanent loan financing for a new 24 unit development for lower income physically disabled individuals. Agency funds are. being used with HUD 811, County CDBG, and County HOME funds. An allocation of 1997/98 Redevelopment funds in the amount of$187,298 has been programmed for this project. 12 Debt Service - .Bonded Indebtedness: Payment on debts (i.e., bonds and contractual obligations) the Agency has incurred for the Oakley Redevelopment Plan. 13. Downtown Improvements: Funds dedicated for implementation of the Old Town Oakley Specific Plan upon its adoption. 15 P 14. Downtown Specific Plan: Consultant services related to preparation of final Specific Plan. 15. Administration: Salaries, services, supplies, and equipment in support of project implementation. 4 16 C. INDEBTEDNESS: O AKLEY The Agency has incurred approximately $7.5 million in debt as of June 30, 1996, which includes: • $6.6 million in principal and interest on Tax Allocation Bonds issued in June, 1992. • $100,000 in contractual obligations to the Contra Costa Mosquito Abatement District. • $275,000 in contractual obligations to the County of Cointra Costa for MARSH infrastructure improvements. • $50,000 in contractual obligations with Applied Development Economics for a light industrial study. 17 IV. RODEO REDEVELOPMENT PROJECT AREA A. REVENUES/EXPENDITURES Total Fiscal Year 1996-97 revenues and budgeted expenditures are $918,000 as shown below: 10/27/96 RODEO, REDEVELOPMENT PROJECT AREA RAC Approved 1996-97 FISCAL YEAR BUDGET FINAL - Revenue Sources for FY 1996-97 Budget Uses *******Tax Increments****** """Bond Proceeds****** Capital Funds Housing Funds Capital Funds Housing Funds Other Revenues TOTAL ..... .............. ............. ............. .............. Payments to Other Agencies: Fiscal Agreements $52,000 $52,000 Capital Projects: Facade Rehabilitaton Assist. $67,500 $67,500 Facade Rehabilitaton Admin. $12,500 $12,500 Hillcrest Frontage'Impvts $95,000 $95,000 . Unallocated Capital Funds $151,251 $151,251 Housing Projects:, Unallocated.Housing Funds $376,360 $376,360 Senior Housing-Predevelopment $50,000 $50,000 Debt Service-Bonded Indebtedness $0 $0 Administration Salaries $2,400 $2,400 Services & Supplies $109,489 $109,489 Equipment $1,500 $1,500 TOTALS $491,640 a $426,360 b $0 $0 $918,000 C a 1996-97 Tax Increments of $323,000; carry-over of $159,000; a interest earnings of $9,640. b 1996-97 Tax Increments of $81,000; carry-over of $337,000, a interest earnings of $8,360. c Additional encumbrances available for expenditure, but notincludedin the budget, are; * Planning Collaborative $90 * SIR consultant $294 Total Encumbrances $384 B. PROJECT DESCRIPTION: RODEO 1. Fiscal Agreements: Pass-thru to Taxing Agencies pursuant to approved Fiscal Agreements. 2. Downtown Facade Rehabilitation: Financial assistance to downtown businesses for facade improvements. 3. Hillcrest Frontage Improvements: Frontage improvements to enhance student and pedestrianbsafety on California Street adjacent to Hillcrest School. 4 Unallocated Capital Funds: Capital funds reserved for future designation. 5 Unallocated Housing Funds: 'Housing funds reserved for.future designation. Subcommittee is evaluating alternative senior housing developers and project locations. 6. Senior Housing-Predevelopment: Funds to permit Ecumenical Association for Housing and a local Citizens Committee to undertake preliminary site search, and feasibility tasks. 7. Bonded Indebtedness: None. 8. Administration: Salaries, services, supplies, and equipment in support of project implementation. 19 C. MEBTEDNESS;_.RODEO The Agency has incurred approximately $780,000 as of June 30, 1996, including: • $500,000 in contractual obligation for EBRPD improvements. $155,957 Low/Moderate Income Housing Fund. • $95,000 contractual obligation to County of Contra Costa for Hillcrest School frontage improvements. a 20 WORK PROGRAM FOR FISCAL YEAR 1996-97 The work program of the Contra Costa County Redevelopment Agency for Fiscal Year 1996-97 is directed at continuing the implementation of the Pleasant Hill BART Station Area Redevelopment Plan and Specific Plan, and the Redevelopment Plans for North Richmond, Bay Point, Oakley and Rodeo. Specific goals, objectives and tasks of the Agency for Fiscal Year 1995-96 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 (RDA's). B. Facilitate property transfers as appropriate to expedite project/ program implementation. 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 P1an.Development Areas. A. Complete vacation and abandonment proceedings on County rights- of-way held in fee and easement. B. 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�xoperty dedications as specified in DDA's or development approvals. C. Evaluate need for new rights-of-way and, if necessary, acquire either through dedication or condemnation. D. Establishment of Iron Horse Trail along the former Southern Pacific right-of-way. E. Provide for interim use of Agency property to further facilitate transit utilization during the construction of regional traffic improvements. F. Provide improvements to local streets to enhance appearance and safety. 21 C'•�V. Goal 4: Continue to evaluate Specific P1an.Implementation. A. Continue to develop Transportation Demand Management (TDM) Program, in conjunction with the County TDM Coordinator. 1. Coordinate with Contra Costa Centre Association for program development. . 2. Coordinate the implementation of TDM with the completion and occupancy of building. 3. Explore and evaluate new TDM measures. B. Develop. and initiate, with the Contra Costa Centre Association, a Child Care Affordability Program. C. Conclude traffic studies for area benefiting circulation improvements. D. Undertake amendments to the Land Use, Element, Circulation Element, and other aspects of the Pleasant Hill BART Station Area Specific Plan; and undertake an Environmental Impact Report in connection therewith. Goal 5: Facilitate the Development of Affordable Dousing. A. Provide financial assistance,as provided for in DDAs, to facilitate the delivery of affordable,housing in the Park Regency project. B. Assist the developer in preparing a plan of finance in order for the development of Area 4 to occur, and initiate planning activities. 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. i B. Continue to work with the North Richmond Municipal Advisory Council (MAC) 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. Work with County Public Works staff in implementing a North Richmond Area of Benefit to include Project Area road improvements and potential funding sources. F. Work with Rubicon and County organizations to develop and initiate an employment training and information dissemination system. G. Complete a development standards component of the rezoning program which eliminated General Plan/zoning inconsistencies, and continue to work with the MAC in improving the program. 22 H. Initiate directed economic development activities, including the reuse of the Rheem manufacturing facility, and a business incubator feasibility study. 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. Conclude construction of the Brookside Drive realignment project. B. Initiate property acquisition and disposition where required to facilitate public improvements. C. Work with Union Pacific (formerly Southern Pacific) Railroad to improve the Market Avenue and Chesley Avenue Rail Crossings. 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. Facilitate affordable homeownership opportunities through. the initiation of the Parkway Estates Project, and the First Time Homebuyer Program. C. Facilitate the development of an affordable housing senior housing project by the Community Housing Development Corporation of North Richmond and Eden Housing. D. Support the continued development of Community Housing Development Corporation of North Richmond by providing capacity building financial assistance. Bay Point Redevelopment Project Area Goal 1: Implementation of the Bay Point 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. Facilitate and participate in the construction of flood control improvements. 23 F. Undertake improvements to Pacifica Park in conjunction with the local park district. G. Initiate a project to improve the rail crossing at the entrance to McAvoy/Harris Yacht Harbor area. H. Work with the County Administrator, the Bay Point MAC, and the PAC in establishing and funding a neighborhood improvement program targeting the Northtown neighborhood. I. Work-with appropriate non-profit and for-profit organizations in developing affordable housing, and actively participate in development activities where able. Projects include Elaine Null Court (Alves Lane) and the BRIDGE housing development on Alberts at Willow Pass Road. J. Undertake a commercial enhancement program, including marketing and directed Agency assistance to a non-profit economic development corporation, and a facade rehabilitation program. K. Undertake a First Time Homebuyers Program to facilitate affordable homeownership. L. Undertake a Specific Plan for the Bay Point BART Station Area. M. Manage other activities necessary to implement Bay Point Redevelopment Bond Issue programs. N. Initiate land acquisition activities. to facilitate future economic development of the community. 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 road improvements that would likely promote development. C. Assist in the funding of Highway 4 widening from Empire to Vintage. D. Facilitate the development of the Golden Oak Senior Manor by Ecumenical Association for Housing through the provision of financial assistance. E. 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, including initiation of a-Section 811 housing project for the disabled. F. Work with the Advance Planning staff, Public Works and the Oakley Municipal Advisory Council (MAC) to complete 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. 24 H. Initiate a major program of street, drainage and sewer improvements in the Sand Hill area and in the Old Town area. I. Manage other activities necessary to implement Oakley Redevelopment Bond 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 sources of funding for road improvements that would 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. Complete a Specific Plan for the downtown and waterfront areas. E. Initiate a facade rehabilitation program in the downtown area. F. Initiate frontage improvement activities designed to mitigate safety problems in the vicinity of community schools. Goal 2: Monitor related activities in the Project Area. A. Continue active participation.with the East Bay Regional Park D'istrict/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. Identify and work with appropriate non-profit organizations to identify appropriate housing opportunities and sites. 25 I EXAMINATION OF ACHIEVEMENTS FOR FISCAL YEAR 1995-96 The Redevelopment Agency, during Fiscal Year 1995-96, continued to implement its.Redevelopment Plans. I. Pleasant Hili BART Redevelopment Project Area A, The Agency designated a Master Developer for Area 4, secured commitments of other local funds as part of a comprehensive plan of finance, and worked with the developer in filing an application for Low Income Housing Tax Credits. B. Property Acquisition-Private Assemblages: The acquisition of property necessary to create developable areas for the commercial uses has been completed. C. Planning: A Traffic Study of Circulation and Land Use Alternatives was initiated. A proposed set of amendments to the Pleasant Hill BART Specific Plan was circulated for public comment. D. Infrastructure Improvements: Preliminary engineering to set the basis for future EIR and project scoping was initiated for circulation improvements in the area. Planning and design work for another element of a park/open space corridor was initiated. 11. North Richmond Redevelopment Project Area A. Development: Agency staff continues to work with private developers interested in industrial development north of Wildcat Creek. Agency staff worked with several private and non-profit developers in facilitating infill housing on scattered sites, and a major subdivision near the Richmond Parkway. Initial activity leading toward establishment of senior housing project occurred. The Agency provided funding and leveraged federal funds to initiate a First Time Homebuyer purchase and rehabilitation program. 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 1-80, is nearing completion. The Brookside Drive realignment project and the Pittsburg Avenue extension project were completed. The final phase of North Richmond flood control improvements was completed.. The Agency committed funds to improve the Market and Chesley Avenue railroad crossings. Agency staff is working with Southern Pacific Railroad to construct the improvements. C. General: 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. A rezoning program for the employment area of North Richmond was completed. An Agency-initiated focused code enforcement program, linked to subsequent property improvements, was completed. D. Economic Development: The Agency continued to assist in financing the job linkage program, which provides an innovative employment training program for area residents by Rubicon Programs, Inc. Rubicon has been successful in receiving federal funding to expand the program. 26 III. Bay Point 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. The BRIDGE housing site was optioned and a tax credit application submitted, however, it was not successful. Agency staff worked with the property owner and the developer to remediate toxic problems. 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. Substantial completion of a second mortgage First Time Homebuyer Program was achieved. A second program for First Time Homebuyers purchasing and rehabilitating existing structures was designed. B. Infrastructure: The Agency completed street improvements along Willow Pass Road, completed drainage improvements in the Bailey Road/Northtown area, and initiated landscaping improvements at the Port Chicago Highway/Willow Pass Road intersection. C. Economic Development: Property acquisition program for economic development was partially.completed with additional discussions relative to future property acquisitions for economic development purposes ensuing. Design of a commercial facade improvement program was initiated. D. General: Agency staff has provided technical assistance to the Bay Point MAC and PAC to institute a neighborhood improvement program. Working with the Family Support Project, the design of a comprehensive program of physical and human infrastructure improvements was begun in the North Broadway (Northtown) area. IV. Oakley Redevelopment Project Area A. Development: Substantial completion of Golden Oak Senior Manor was achieved. Commitment of financing to an affordable housing project for physically disabled persons to permit the project to successfully pursue federal funds for construction was achieved. Agency staff.continues to work with non-profit and private developers interested in residential and commercial development within the project area to implement the Agency's affordable housing obligation. B. Infrastructure: 'The Agency provided funding to widen a portion of Highway 4 and provide for frontage improvements. Commitment of financing sidewalk improvements just south of the downtown area was achieved. C. General: Agency staff completed the environmental documentation for the Downtown Specific Plan process. Agency staff worked with the Oakley Municipal Advisory Council (MAC), the County Public Works Department, the County Advance Planning staff, and the Oakley Chamber of Commerce to prepare a Specific Plan for Downtown Oakley. The Agency provided funding to East Bay Regional Parks District to complete the Delta DeAnza Trail in Oakley. 27 V. Rodeo Redevelopment Project Area A. Development: The Agency development of a draft Downtown/Waterfront Specific Plan was completed, and public hearings were initiated. Agency staff continues to work with private developers interested in residential, mixed-use, and commercial . development in the Project Area. A subcommittee of the Rodeo.Redevelopment Advisory Committee has evaluated.affordable housing alternatives and established priorities. B. Infrastructure: The Agency completed its financing of the fire station seismic renovations. The Fire District completed the project. C. General: The Agency has been actively involved in the ongoing Rodeo Waterfront Study of the EBRPD, the County and the Coastal Conservancy. D. Design of a commercial facade improvement program was initiated. JKJh sraV/budgetrpt 28