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HomeMy WebLinkAboutMINUTES - 11041997 - C108 r. s Contra TO: REDEVELOPMENT AGENCY Costa FROM: Phil Batchelor r, un' JCounty Executive Director DATE: November 4, 1997 SUBJECT: FY 1997-98 Redevelopment Agency Budget SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS ADOPT the attached annual Redevelopment Agency budget for fiscal year 1997-98 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 1997-98. This budget has been reviewed by local Project Area Committees. CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF EXECUTIVE DIRECTOR ECOMMElKi ATION OF AG CY COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF AGENCY ON /I , >< /977 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 cc: Community Development PHIL BATCHELOR Redevelopment Agency AGENCY SECRETARY County Counsel County Administrator , Auditor-Controller BY J , DEPUTY JK:Ih sra27/bud9798.bos The total 1997/98 Budget for the Contra Costa County Redevelopment Agency is approximately $32.z million. Revenue sources include: Amount (in millions) Source ($000.000) Percentaae Annual Tax Increments $ 11.0 53% Agency Tax Allocation Bond Proceeds 13.4 41 Other Revenues 8.0 25 TOTAL $ 32.4 100% General uses of funds include: Amount (in millions) Project Type ($000.000) Percentage Capital Improvements $ 17.2 53% Housing Projects/Programs 4.5 14 Economic Development Projects/Programs 6.1 19 Community Enhancement Programs 0.3 1 Planning Studies 0.3 1 Debt Repayment 2.5 8 Payments to Other Agencies 0.6 2 Administration 0.9 3 TOTAL $ 32.4 100%* `Rounding error The Redevelopment Agency has five adopted Redevelopment Plans. Revenues are as follows: Amount (in millions) Redevelopment Project Area ($000.000) Percentage Pleasant Hill BART Station Area $ 16.2 50% North Richmond 2.6 8 Bay Point 6.0 19 Oakley 6.4 20 Rodeo 1.2 4 TOTAL $ 32.4 100% The Redevelopment Agency is undertaking over 75 budgeted projects, while utilizing only 3% of revenues for administration. Over twenty revenue sources are utilized to creatively address redevelopment and community requirements. Major projects, by category, are highlighted below. A complete project description is included as part of the work program for each redevelopment area. A. Major capital improvements, including: 1. As part of Amendments to the Pleasant Hill BART Specific Plan, reorienting the circulation improvements to emphasize alternative modes, including pedestrian, bicycle and transit - Pleasant Hill BART; 2. Completing additional segment to the Iron Horse Trail and a respite area at Del Hombre - Pleasant Hill BART; 3. Initiation of a Northtown Revitalization Program - Bay Point; 4. Park improvements - Oakley; 1 5. Frontage improvements - Rodeo. B. Major housing development financial assistance, including: 1. Annual financial assistance payment for 134 units of affordable housing - Pleasant Hil BART; 2. Area 4 residential site - Pleasant Hill BART; 3. North Richmond Senior Housing - North Richmond; 4. Parkway Estates - North Richmond; 5. Housing site acquisition/assistance - Bay Point; 6. Targeted housing rehabilitation, North Broadway area - Bay Point; 7. Planning for Homeownership Zone - Bay Point; 8. Golden Oak Senior Manor - Oakley; 9. Housing for physically disabled - Oakley; 10. Senior Housing - Rodeo, 11. First Time Homebuyer/Housing rehabilitation assistance - North Richmond and Bay Point; 12. Capacity building for a neighborhood based non-profit - North Richmond. C. Economic Development activities include: 1. Marketing program for the five redevelopment project areas; 2. Small business incubator establishment - North Richmond; 3. Targeted property acquisition/assistance - Bay Point and Oakley; 4 Commercial facade rehabilitation program - Rodeo and Bay Point; 5. Light industrial area infrastructure improvements - Oakley; 6. Light industrial feasibility study - Bay Point, 7. Commercial center re-use plan - Bay Point, 8. Marina/waterfront feasibility study - Rodeo. 1 CONTRA COSTA COUNTY REDEVELOPMENT AGENCY BUDGET AND WORK PROGRAM FOR FISCAL YEAR 1997-98 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. -1- I PLEASANT HILL BART STATION AREA A. REVENUES/EXPENSES FY 97/98: Revenues and proposed expenditures are as shown: SOURCES 8 USES ------------USES---------------- ----------------------------------------SOURCES------------------------------------------ ******Tax Increments******* *******Bond Proceeds******* Specific Other Capital Funds Housing Funds Capital Funds Housing Funds Plan Fees Revenues TOTAL ------------- ------------- ------------- ------------- --------- -------- ------- PAYMENTS TO OTHER AGENCIES Fiscal Agreements $92,000 $92,000 CAPITAL PROTECTS Circulation Improvements $7,449,000 $4,991,672 c $12,440,672 Traffic Studies $20,000 $20,000 EIR $50,000 $50,000 Specific Plan Consultant $40,000 $40,000 Other Planning/Financial Consult. $50,000 $50,000 Fiscal Consultant $15,000 $15,000 Iron Horse Trail $136,000 $136,000 SP R/W Management Program $10,000 $10,000 Del Hombre Respite $50,000 $50,000 Reserve for Greenspace $160,000 d $160,000 Marketing Program $10,000 $10,000 Unallocated Capital Funds $57,491 $225,000 d,f $282,491 Property Expenses (taxes, misc) $50,000 $50,000 HOUSING PROTECTS Park Regency Financial Assistance $336,440 $538,560 $875,000 DEBT SERVICE County Debt $160,000 $160,000 Bonded Indebtedness $1,319,000 $1,319,000 Glenfed Interest Payment (Area 4) $140,000 $140,000 ADMINISTRATION Salaries $2,000 $2,000 Services s Supplies $282,449 $282,449 Equipment $5,500 $5,500 TOTALS $2,689,880 a b$538,560 $7,449,000 , ;0 ;5,127,672 $385,000 ;16,190,112 e a: Capital Funds include Annual Increment $2,114,000 Carryover $549,000 Interest Earnings $26,880 TOTAL $2,689,880 b: Housing Funds include Annual Increment $528,000 Carryover $0 Interest Earnings $10,560 TOTAL $538,560 c: Specific Plan Fees include Cash $2,972,000 Mello-Roos Bond Proceeds $1,900,792 Interest Earnings $118,880 TOTAL $4,991,672 d: Current 6 accrued earnings from property rentals e: Additional encumbrances available for expenditure, but not listed in the budget, are: Meyer Mohaddes Associates $6,316 Heller-Manus $1,870 Planning Analysis 6 Development $42,546 VisCom $1,000 Delany, Cochran, & Castillo $3,875 f: Utility reimbursement -3- 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/EH?,/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. 5. Specific Plan Consultant: Consultant costs associated with Specific Plan Amendment consideration. 6. Other Consultants: Consultant costs associated with economic, real estate, public finance, aspects of the Specific Plan Amendment. 7. Fiscal Consultant: Consultant to prepare Agency tax increment projections for scoping Specific Plan implementation capabilities. 8. Iron Horse Trail: Completion of additional segments of the Iron Horse Trail in the Pleasant Hill BART vicinity. 9. SP Right-Of-Way Management Program: Proportional costs to the Redevelopment Agency for support of the County effort to ensure continued operation of the former Southern Pacific right-of-way as a facility to accommodate multiple uses. 10. Del Hombre Respite: Conversion of a remnant portion of Del Hombre to a respite area to complement the Iron Horse Trail. 11. Reserve for Greenspace: Reserve for development of proposed greenspace on former Southern Pacific right-of-way. 12. Marketing Program: Preparation of a marketing plan and collateral materials to enhance the image of, and to stimulate economic development activities in, the Pleasant Hill BART Station Area.' 13. Unallocated Capital Funds: Capital Projects funds reserved for future designation. 14. Property Expenses: Special assessments/special taxes and property maintenance on Agency held property. 15. Park Regency Financial Assistance: Contractually obligated payment to Park Regency owner for affordable housing. 16. 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. 17. Bonded Indebtedness: Principal and interest due on outstanding bonded indebtedness. 18. Glenfed Interest Payment: Payment on interest only note with Glendale Federal Savings for acquisition of Area 4 residential site. 19. Administration: Salaries, services, supplies, and equipment in support of project implementation. -4- C. INDEBTEDNESS - PLEASANT HILL BART STATION AREA As of June 30, 1997, the Agency has approximately $44.5 million in debt. The major elements of Agency debt for the Pleasant Hill BART Station Area are: • $33.7 million in principal and interest due on Tax Allocation Bonds issued in June, 1992. • $.82 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). -5- II NORTH RICHMOND REDEVELOPMENT PROJECT AREA A. REVENUES/EXPENSES FY 97/98: Revenues and proposed expenditures are as shown: SOURCES & USES ------------USES---------------- ----------------------------------SOURCES------------------------------------- ******Tax Increments******* *******Bond Proceeds******* Other Capital Funds Housing Funds Capital Funds Housing Funds Revenues TOTAL ------------- ------------- ------------- ------------- --------- --------- PAYMENTS TO OTHER AGENCIES Fiscal Agreements $0 $0 CAPITAL PROJECTS Market/Chesley Rail Xing $22,451 $22,451 Unallocated Capital Funds $10,000 $90,000 $100,000 HOUSING PROJECTS Senior Housing Project $42,613 $500,000 d $542,613 1st Time Homebuyer/203(k) $62,500 $250,000 a $312,500 Parkway Estates $17,808 $22,407 $258,500 $298,715 CHDC Capacity Building $35,000 $35,000 Construction Manager-Parkway $23,063 $11,960 $35,023 Property Holding Expenses $7,500 $7,500 ECONOMIC DEVELOPMENT ACTIVITIES Incubator Fesibility Analysis $43,495 $43,495 Incubator/Economic Development $58,775 $134,775 $193,550 Mixed Use Project (Sr. Hag) $5,255 $301,774 $230,447 c $537,476 Marketing Program $10,000 $10,000 COMMUNITY IMPROVEMENT PROGRAMS COMET Activities $20,000 $20,000 OPEN Job Training Program $5,300 $5,300 Abatement-Revolving Loan Fund $40,000 $20,000 f $60,000 DEBT SERVICE Bonded Indebtedness $176,800 $44,200 $221,000 ADMINISTRATION Salaries $2,000 $2,000 Services & Supplies $122,724 $122,724 Equipment $1,500 $1,500 TOTALS $504,220 a $196,180 b $549,000 $321,000 $1,000,447 $2,570,847 c a: Capital Funds include: Annual Increment $410,800 Carryover $87,000 Interest Earnings $6,420 TOTAL $504,220 b: Housing Funds include: Annual Increment $103,200 Carryover $90,000 Interest Earnings $2,960 TOTAL $196,180 c: Loan from County Trust Fund 3: Loan from County Affordable Housing Trust Fund e: County HOME Funds f: County funds (prospective) g: Additional encumbrances available for expenditure, but not included in the budget, are: * Debra Sanderson $585 * Southern Pacific Lines $113,775 * CHDC of North Richmond $2,978 -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: Completion of a project to permanently improve the Union Pacific Railroad crossings on both Market and Chesley. 4. Unallocated Capital Funds: Capital funds reserved for future designation. 5. Senior Housing Project: Acquisition, predevelopment, construction, and permanent loan financing of a 50-unit senior citizen housing project. Project has secured federal financing(HUD 202, CDBG and HOME funds) necessary to bring it to completion. 6. 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 funds to be used to provide additional assistance. 7. 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. 8. CHDC Capacity Building/Support: Administrative support for a neighborhood based non-profit housing developer - Community Housing Development Corporation of North Richmond. 9. Construction Manager: Party to oversee construction of Parkway Estates project on behalf of Agency and the CHDC and Oakland Community Housing, Inc. development team. 10. Property Holding Expenses: Maintenance of Agency owned properties. 11. Incubator Feasibility Analysis: Preparation of a financial feasibility study for siting a light industrial business incubator facility in North Richmond. 12. Incubator/Economic Development: Funds to begin implementing the Incubator Feasibility Analysis if proven feasible. If the incubator project is unfeasible, these funds will be redirected to another economic development project. 13. Mixed Use Project: Acquisition, predevelopment, and construction of up to 10,000 square feet of commercial/retail space and a Center for Health. This project is co-located with the Senior Housing project. Agency funds are being used with a variety of federal, state, and other local funds. 14. Marketing Program: Preparation of a marketing plan and collateral materials to enhance the image of, and to stimulate economic development activities in, North Richmond. 15 COMET Activities: Redevelopment Agency contribution to comprehensive r^!.1nty/City neighborhood improvement program. 16. 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. -8- 17. Abatement -Revolving Loan Fund: Funds to initiate an abatement revolving loan fund for structures which pose health and safety hazards. Agency funds are expected to be used with other County funds. 18. Bonded Indebtedness: Principal and interest due on outstanding bonded indebtedness. 19. Administration: Salaries, services, supplies, and equipment in support of project implementation. -9- C. INDEBTEDNESS -NORTH RICHMOND The Agency has incurred approximately$6.7 million in debt as of June 30, 1997. The major elements include: • $5.9 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. • $200,000 contracted obligations with the County for road and drainage improvements. -10- III BAY POINT REDEVELOPMENT PROJECT AREA A. REVENUES/EXPENSES FY 97/98: Revenues and proposed expenditures are as shown: SOURCES S USES ----------USES---------------- ----------------------------------SOURCES------------------------------------- ******Tax Increments******* *******Bond Proceeds******* Other Capital Funds Housing Funds Capital Funds Housing Funds Revenues TOTAL ------------- ------------- ------------- ------------- --------- --------- PAYMENTS TO OTHER AGENCIES Fiscal Agreements $185,000 $185,000 CAPITAL PROJECTS a Facade Rehabilitation Assistance $28,790 $15,800 d $44,590 Facade Rehabilitation Admin $7,500 $7,500 Pacifica Park $60,000 $60,000 McAvoy Harbor Rail Xing Impvt $20,000 $20,000 North Broadway Area Impvts-Phase I $2,100,000 $2,100,000 North Broadway Phase II/III Design $300,000 $300,000 Family Preservation Pgm. Support $40,000 a $40,000 Abatement Pgm--RLF N. Bdwy Area $30,000 $30,000 Abatement Pgm--RLF Bay Point $20,000 $30,000 h $50,000 Community Group Funding Program $20,000 $20,000 Unallocated Capital Funds $361,186 $192,000 $105,000 f $658,186 HOUSING PROJECTS First Time Homebuyer Program/203(k) $42,850 $19,650 $250,000 d $312,500 No Bdwy Area - New Construction $400,000 $150,000 $0 $550,000 Targeted Housing Rehab Program $50,000 $0 $50,000 Homeownership Zone - Planning $25,000 $25,000 Unallocated Housing Funds $213,290 $20,350 $233,640 DEBT SERVICE Bonded Indebtedness $344,000 $86,000 $430,000 ECONOMIC DEVELOPMENT ACTIVITIES Land Acquisition $540,000 $540,000 Marketing $10,000 $10,000 Shore Acres Center:Re-use Study $25,000 $25,000 g $50,000 Light Industrial Feasibility Study $25,000 $25,000 g $50,000 PLANNING ACTIVITIES BART/Bailey Rd Plan EIR $25,000 $25,000 ADMINISTRATION *Salaries $2,000 $2,000 *Services 6 Supplies $177,514 $177,514 *Equipment $4,750 $4,750 TOTALS $1,645,740 a $817,140 b $2,832,000 $190,000 $490,800 $5,975,680 c a: Capital Funds include: Annual Increment $832,400 Carryover $787,800 Interest Earnings $25,540 TOTAL $1,645,740 b: Housing Funds include: Annual Increment $207,600 Carryover $595,200 Interest Earnings $14,340 TOTAL $817,140 cs Additional encumbrances available for expenditure, but not included in the budget are: * Site Development Consultants $188 * Cannon Design Group $35,090 * Dykstra 6 Associates $2,615 ds County CDBG Funds es Family Support Funds via Social Services Dept. Contract f: Reimbursement from OCTA g: Property owner contributions hs Keller Canyon Mitigation Funds -11- B. PROJECT DESCRIPTION: BAY POINT 1. Fiscal Agreements: Pass-thru payments to Taxing Agencies pursuant to approved Fiscal Agreements. 2 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. 3. Pacifica Park: Installation of new playground structure and renovation of existing restroom. 4. McAvoy Harbor Rail Crossing: Project to improve the Union Pacific Railroad Crossing into McAvoy/Harris Harbor areas. 5. North Broadway Area Improvements: Project to include widening and paving of streets, installation of curb, gutter, and sidewalks, improvements to the water/sewer systems, and installation of underground storm drains and street lights in the area north of Willow Pass Road and east of Bailey Road. 6. North Broadway Phase II/III Design: An additional $300,000 of capital funds has been programmed for the design/engineering of Phase II and III. 7. Family Preservation Program Support: Under an inter-agency agreement with the County Social Service Department, the Redevelopment Agency will provide assistance to the Pre-School Coordinating Council in securing office space/meeting facilities to operate the Family Preservation and Support Program for Bay Point. The funds were provided by the Social Service Department's Family Support Fund for this specific project and will be used for rent and tenant improvements. 8. Abatement Program - Revolving Loan Fund (North Broadway Area): A Revolving Loan Fund for abatement activities in support of revitalization activities in the North Broadway area. 9. Abatement Program - Revolving Loan Fund (Bay Point): Redevelopment Agency contribution to the County's proposed Revolving Loan Fund for abatement activities in the Bay Point Redevelopment Project Area. Redevelopment Agency funds will be matched with Keller Canyon Mitigation funds. 10. Community Group Funding Program: Funds to support neighborhood "beautification" projects, such as graffiti removal and vacant lot/yard cleanup, initiated by volunteer groups in Bay Point. 11. Unallocated Capital Funds: Capital Project funds reserved for future designation. 12. 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. 13. North Broadway Area-New Construction: Funds dedicated for new housing construction in the North Broadway Area. -12- 14. Targeted Housing Rehabilitation Program: A joint effort between the Redevelopment Agency and the Housing Authority targeting rental property owners in the North Broadway area to utilize the County's Rental Rehabilitation Program. Redevelopment Agency funds will be used to augment low interest loans provided by the Housing Authority-administered Rental Rehabilitation Program. 15. Homeownership Zone - Planning: Funds to develop a homeownership strategy that includes a conceptual site plan and design guidelines for the North Broadway Area, in preparation for submittal of a Homeownership Zone application to the U. S. Department of Housing and Urban Development in 1998. 16. Unallocated Housing Funds: Housing Set-Aside funds reserved for future designation. 17. Bonded Indebtedness: Principal and interest due on outstanding bonded indebtedness. 18. Economic Development/Land Acquisition: Additional acquisition of strategic parcels suitable for employment and/or retail sales tax or TOT generating uses. 19. Marketing: Preparation of a marketing plan and collateral materials to enhance the image of, and to stimulate economic development activities in, Bay Point. 20. Shore Acres Center-Re-Use Study: An evaluation of alternative uses at the Shore Acres Center, including commercial and residential uses. 21. Light Industrial Feasibility Study: Preparation of a feasibility analysis and implementation plan for key industrial properties in the Bay Point area. 22. Bailey Road/BART Specific Plan EIR: Preparation of an Environmental Impact Report (if necessary) on the proposed Specific Plan. 23. Administration: Salaries, services, supplies, and equipment in support of project implementation. -13- C. INDEBTEDNESS - BAY POINT The Agency has incurred approximately $14.8 million in debt as of June 30, 1997, including: • $11.6 million in principal and interest on Tax Allocation Bonds issued in June, 1992 and December, 1995. • $290,000 contracted obligations with the County for road and drainage improvements. -14- IV OAKLEY REDEVELOPMENT PROTECT AREA A. REVENUES/EXPENSES FY 97/98: Revenues and proposed expenditures are as shown: SOURCES s USES ------------USES---------------- ----------------------------------SOURCES------------------------------------- •*****Tax Increments******* *******Bond Proceeds******* Other o Capital Funds Housing Funds Capital Funds Housing Funds Revenues TOTAL ------------- ------------- ------------- ------------- --------- --------- PAYMENTS TO OTHER AGENCIES Fiscal Agreements $235,000 $235,000 CAPITAL PROJECTS Road Impvts-Empire to vintage $1,967 $1,967 Park Acquisition/Improvements $100,000 $100,000 Main Street Park $100,000 $100,000 Signal--Hwy 4 & Malicote $50,000 $50,000 Sand Hill Infrastructure $0 c $0 MARSH Revitalization $198,976 $198,976 Industrial Area Economic Analysis $220 $220 Unallocated Capital Funds $180,722 $180,722 HOUSING PROJECTS Golden Oak Senior Manor $120,708 $120,708 811 Project $299,266 $28,000 $327,266 Unallocated Housing Funds $99,206 $99,206 DEBT SERVICE Bonded Indebtedness $198,400 $49,600 $248,000 ECONOMIC DEVELOPMENT ACTIVITIES $0 Property Acquisition-Main @ Norcross $975,000 $936,500 d $1,913,500 Property Holding Expenses $25,000 $25,000 Specific Plan Consultant $5,000 $5,000 Light Industrial Area Improvements $779,650 $1,774,033 $2,553,683 Marketing Program $25,000 $25,000 ADMINISTRATION Salaries $2,000 $2,000 Services & Supplies $168,642 $168,642 Equipment $4,750 $4,750 TOTALS $2,848,360 a $568,780 b $1,976,000 $28,000 $938,500 $6,359,640 e a: Capital Funds include: Annual Increment $990,000 Carryover $1,806,400 Interest Earnings $51,960 TOTAL $2,848,360 b: Housing Funds include: Annual Increment $248,000 Carryover $310,600 Interest Earnings $10,180 TOTAL $568,780 c: Outstanding committment of $829,000 will need to be provided when SUB 7689 develops d: County General Liability Trust Funds e: Additional encumbrances available for expenditure, but not included in the budget, are: • Applied Development Economics $8,441 * George Miers & Associates $9,015 * EAH $3,137 -15- 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. Completion of landscaping, landscape irrigation facilities, median islands and sidewalks along State Route 4. 3. Park Improvements/Acquisition: Implementation of the Oakley Parks Master Plan. 4. Main Street Park: A passive pocket park to be developed adjacent to the Silver Oaks housing for disabled (811) project (see item #11 below). 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 $829,000 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 on the south, and 5th on the east. 8. Industrial Area Economic Analysis: Completion 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. Silver Oaks Apartments: 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. 12. Unallocated Housing Funds: Housing set-aside funds reserved for future designation. 13. Debt Service - Bonded Indebtedness: Payment on debts (i.e., bonds and contractual obligations) the Agency has incurred for the Oakley Redevelopment Plan. -16- 14. Property Acquisition -Norcross Lane and Main Street: The Redevelopment Agency's 50% share of acquisition costs for a 5.5 acre parcel in the Downtown Specific Plan area at the southwest corner of State Route 4 and Norcross Lane. Funds are also available for property disposition expenses. 15. Property Holding Expenses: Funds to maintain Agency owned properties. 16. Specific Plan Consultant: Services related to the final publication of the Old Town Specific Plan. 17. Light Industrial Area Improvements: Funds to implement Phase I improvements (as detailed in the Industrial Area Economic Analysis) to the light industrial area. Project will include road extensions and improvements, undergrounding of utilities, and installing a storm drain from Live Oak Avenue easterly to State Route 4. 18. Marketing Program: Preparation of a marketing plan and collateral materials to enhance the image of, and stimulate economic development activities in, Oakley. This project also includes carrying out the Light Industrial Area marketing program. 19. Administration: Salaries, services, supplies, and equipment in support of project implementation. -17- C. INDEBTEDNESS: O AKLE Y The Agency has incurred approximately $7.9 million in debt as of June 30, 1997, which includes: • $6.3 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. • $208,000 in contractual obligations to the County of Contra Costa for infrastructure improvements. -18- 0 V RODEO REDEVELOPMENT PROJECT AREA A. REVENUES/EXPENSES: FY 97/98. Revenues and proposed expenditures are as shown: SOURCES & USES ------------USES---------------- SOURCES------------------------------------- ******Tax Increments******* "*******Bond Proceeds******* Other Capital Funds Housing Funds Capital Funds Housing Funds Revenues TOTAL ------------- ------------- ------------- ------------- --------- --------- PAYMENTS TO OTHER AGENCIES Fiscal Agreements $65,000 $65,000 CAPITAL PROJECTS Facade Rehabilitation Loans/Grants $67,500 $28,700 d $96,200 Facade Rehabilitation Administration $18,500 $18,500 Facade Improvement-189/199 Parker $15,000 $15,000 Hillcrest Frontage Improvements $100,000 $30,000 d $130,000 Parker Ave. Impvts--Prelim Eng. $50,000 $50,000 Property Holding Costs $5,000 $2,000 a $7,000 Unallocated Capital Funds $52,260 $52,260 HOUSING PROJECTS Senior Housing Site Acquisition $100,000 $450,000 $550,000 Unallocated Housing Funds $28,380 $28,380 DEBT SERVICE Bonded Indebtedness $0 $0 ECONOMIC DEVELOPMENT ACTIVITIES Marketing $10,000 $10,000 Marina/Waterfront Feasibility Study $50,000 $50,000 ADMINISTRATION *Salaries $2,000 $2,000 *Services 6 Supplies $148,700 $148,700 *Equipment $2,500 $2,500 TOTALS $686,460 a $478,380 b $0 $0 $60,700 $1,225,540 c a: Capital Funds include: Annual Increment $330,000 Carryover $343,000 Interest Earnings $13,460 TOTAL $686,460 b: Housing Funds include: Annual Increment $82,000 Carryover $387,000 Interest Earnings $9,380 TOTAL $478,380 c: Additional encumbrances available for expenditure, but not listed in budget are: EAH--Senior Housing Predevelopment $49,150 -19- B. PROJECT DESCRIPTION: RODEO 1. Fiscal Agreements: Pass-thru to Taxing Agencies pursuant to approved Fiscal Agreements. 2. Facade Rehabilitation Loans/Grants: Financial assistance to downtown businesses for facade improvements. 3. Facade Rehabilitation Administration: Architectural costs and permitting costs to the property owner or business owner are reduced through provision of these services. 4. Facade Improvement - 189/199 Parker: Funds to improve facade of Rodeo Senior Center in the downtown area. 5. Hillcrest Frontage Improvements: Frontage improvements to enhance student and pedestrian safety on California Street adjacent to Hillcrest School. 6. Parker Avenue Improvements - Preliminary Engineering: Funds to prepare preliminary engineering study for Parker Avenue improvements as specified in the Rodeo Downtown/Waterfront Specific Plan. 7. Property Holding Costs: Property maintenance costs not covered by rental revenues (189/199 Parker). 8. Unallocated Capital Funds: Capital funds reserved for future designation. 9. Senior Housing Site Acquisition: Funds programmed for acquisition of a 2.11 acre site for the Rodeo Senior Housing project. 10. Unallocated Housing Funds: Housing funds reserved for future designation. Subcommittee is evaluating alternative senior housing developers and project locations. 11. Bonded Indebtedness: None. 12. Marketing: Preparation of a marketing plan and collateral materials to enhance the image of, and to stimulate economic development activities in, Rodeo. 13 Marina/Waterfront Feasibility Study: Funds to initiate an economic feasibility study for alternative uses for the Rodeo marina and waterfront area. The study will be a collaborative effort with the Redevelopment Agency, East Bay Regional Park District, appropriate state and federal agencies, and interested private individuals. 14 Administration: Salaries, services, supplies, and equipment in support of project implementation. -20- C. INDEBTEDNESS: RODEO The Agency has incurred approximately $930,507 as of June 30, 1997, 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. -21- WORK PROGRAM FOR FISCAL YEAR 1997-98 The work program of the Contra Costa County Redevelopment Agency for Fiscal Year 1997-98 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 1997-98 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. 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 Plan 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 property 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. -23- G . Goal 4: Continue to evaluate Specific Plan 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. Implement, 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. E. Create and implement, in partnership with the Contra Costa Centre Association, a marketing strategy for the area. 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. 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. 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. -24- G. Initiate directed economic development activities, including the reuse of the Rheem manufacturing facility, a business incubator feasibility study, and development of a light industrial business incubator. H. Cereate and initiate a marketing strategy for the North Richmond Redevelopment Project Area. Goal 2: Monitor related public improvements in the Project Area. A. 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. Initiate property acquisition and disposition where required to facilitate public improvements. B. Conclude improvements to the Market Avenue and Chesley Avenue Rail Crossings in collaboration with Union Pacific (formerly Southern Pacific). 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. III. 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. Work with the County Administrator's Office and the District V Code Enforcement Officer to fund and implement a Revolving Loan Fund for abatement activities in Bay Point. D. Develop and initiate a Community Group Funding Program for neighborhood beautification projects initiated by volunteer groups in Bay Point. This activity will both enhance the physical image of Bay Point, and develop the capacity and financial resources of community groups. y E. Continue to administer the Facade Improvement Program. -25- Ct F. Initiate directed economic development activities, including a re-use study for the Shore Acres Center and a light industrial area feasibility analysis. G. Create and initiate a marketing strategy for the Bay Point Redevelopment Project Area. H. Work with the Family Preservation and Support Project staff to enhance service delivery to the community by assisting in identification and securement of office space to operate their program in the North Broadway area. I. Complete the public review draft of the Specific Plan for the Bay Point BART Station Area, and initiate preparation of an Environmental Impact Report, if necessary. J. Initiate land acquisition activities to facilitate future economic development of the community. Goal 1. Monitor related public improvements in the Project Area. A. Undertake improvements to Pacifica Park in conjunction with the local park district. B. Complete improvements to the rail crossing at the entrance to McAvoy/Harris Yacht Harbor area. Goal 3: Facilitate infrastructure improvements necessary to allow construction to begin and to serve existing structures. A. Commence construction of Phase I of the North Broadway Infrastructure Program and initiate design/preliminary engineering for Phase II and Phase III. Goal 4: Facilitate the development of affordable housing. A. Work with appropriate non-profit and for-profit organizations in developing affordable housing, and actively participate in development activities where able. B. Market and administer the First Time Homebuyers Program to facilitate affordable homeownership. C. Work with the Housing Authority to develop and market a targeted rental rehabilitation program for rental property owners in the North Broadway area. D. Work with a consultant to develop a homeownership strategy in preparation for submittal of a federal Homeownership Zone application for the North Broadway area. 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. -26- C, r C. Conclude the widening of Highway 4 from Empire to Vintage. D. Conclude 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 the development of a Section 811 housing project (known as Silver Oaks) 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. Continue to 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. Facilitate a major program of street, drainage and sewer improvements in the Sand Hill area and in the Old Town area. I. Initiate a major program of street, drainage and sewer improvements in the Light Industrial Area. J. Create and initiate a marketing strategy for the Oakley Redevelopment Project Area generally, and the Light Industrial area specifically. 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. Evaluate and initiate implementation of projects as specified in the Specific Plan for the downtown and waterfront areas. E. Continue to implement the facade rehabilitation program in the downtown area. F. Complete frontage improvement activities designed to mitigate safety problems in the vicinity of Hillcrest School. G. Create and initiate a marketing strategy for the Rodeo Redevelopment Project Area. Goal 2: Monitor related activities in the Project Area. A. Continue active participation with the East Bay Regional Park District/Contra Costa County Joint Powers Authority West County Shoreline and Rodeo Waterfront program. -27- B. Review development proposals in adjacent jurisdictions for compatibility with Rodeo interests. Goal 3: Facilitate the development of affordable housing. A. Work with Ecumenical Association for Housing and the Rodeo Citizens for Affordable Senior Housing to acquire and initiate development of a site for an affordable senior housing project. -28- EXAMINATION OF ACHIEVEMENTS FOR FISCAL YEAR 1996-97 The Redevelopment Agency, during Fiscal Year 1996-97, continued to implement its Redevelopment Plans. I. Pleasant Hill BART Redevelopment Project Area A. The Agency worked with the Master Developer for Area 4 to secure 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. An alternative plan of finance was formulated, given the difficulties associated with obtaining 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 completed. A proposed set of amendments to the Pleasant Hill BART Specific Plan was circulated for public comment. Preparation of an Environmental Impact Report was initiated. 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. II. 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 a 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 to complete the Richmond Parkway(Route 93), which will connect the North Richmond industrial area to I-80. The Brookside Drive realignment project was completed. The final phase of North Richmond flood control improvements was completed. The Market and Chesley Avenue railroad crossings improvements were completed. Agency staff worked with Union 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. The Agency continues to work with Health Services Department staff to construct a Center for Health in the community. 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. The Agency initiated a light industrial. business incubator feasibility study to create economic development and employment opportunities. The Agency is working with non-profit developers to create a commercial/retail development in connection with the senior housing project. -29- 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. Staff also continues to work with developers interested in commercial or industrial development along Willow Pass Road and the industrial area north of Willow Pass Road. A second program for First Time Homebuyers purchasing and rehabilitating existing structures was designed. B. Infrastructure: The Agency completed drainage improvements in the Bailey Road/North Broadway area, completed landscaping improvements at the Port Chicago Highway/Willow Pass Road intersection, and initiated improvements to the rail crossing at the entrance to the McAvoy/Harris Yacht Harbor area. 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. Implementation of the commercial facade improvement program was initiated. D. General: Agency staff worked with the County Public Works Department to prepare an infrastructure study for the North Broadway Area. Working with the Family Preservation and Support Project staff, the Agency facilitated the development of the North Broadway Area Revitalization Strategy. A final draft will be completed in Fall, 1997. Agency staff worked with the City of Pittsburg, BART, and County Advance Planning staff in developing a Specific Plan for the Bay Point BART Station Area. IV. Oakley Redevelopment Project Area A. Development: The 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. Initiation of sidewalk improvements just south of the downtown area was achieved. C. General: 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 complete a Specific Plan for Downtown Oakley. Agency staff worked with the MAC and Library staff to complete a Master Plan for library and recreational activities. D. Economic Development: The Agency substantially completed the industrial area economic feasibility analysis to provide a framework for economic development activities. V. Rodeo Redevelopment Project Area A. Development: The Rodeo Downtown/Waterfront Specific Plan was adopted. 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 identified a site and selected a non-profit housing developer, Ecumenical Association for Housing, to develop an affordable senior housing project. The Agency has initiated acquisition and a general plan amendment study for the site. -30- B. Infrastructure: The Agency funded frontage improvement activities in the vicinity of Hillcrest School. C. General: The Agency has been actively involved in the ongoing Rodeo Waterfront Study of the EBRPD, the County and the Coastal Conservancy. D. Agency staff continues to implement the commercial facade improvement program. Jx:m sraV/budget.rpt -31-