HomeMy WebLinkAboutMINUTES - 01182005 - C76 Contra
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TO: REDEVELOPMENT AGENCY County
FROM: John Sweeten 7Zf
Executive Director
DATE: January 18, 2005
SUBJECT: Pleasant Hill BART Parking Structures
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) &BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE &AUTHORIZE the Redevelopment Director to execute a First Amendment to
Public Improvements Design Funding Agreement with Pleasant Hill Transit Village
Associates, LLC, to increase the payment limit by $700,000 to a new payment limit of
$1,000,000 for design, engineering, and related work for the BART patron replacement
parking structure, Pleasant Hill BART Station Area.
FISCAL IMPACT
None. No general funds are involved. The Agency has budgeted funds for the Parking
Structure project. The recommended action will allow the Agency and the developer
(Pleasant Hill Transit Village Associates, LLC formed by Millennium Partners)to proceed
expediently to construct a replacement parking structure beginning in the summer of 2005.
This action is a precedent step to positioning the County for general fund returns in an
amount estimated in excess of$300 million over the next 100 years.
BACKGROUND
On September 9,2003 the Board of Supervisors,acting in its capacity as the legislative body
for the County, and as the governing Board of the Redevelopment Agency, approved the
establishment of a joint powers agency with the Bay Area Rapid Transit District(BART). The
JPA, the Pleasant Hill BART Station Leasing Authority,will be the legal entity that will enter
into a ground lease with the Millennium Partners development entity—Pleasant Hill Transit
Village LLC. The JPA Agreement, among other things provides for the Redevelopment
Agency to pay for the costs of the BART Replacement Parking program. In order to move
this program forward in an expeditious fashion the Agency, by its action of May 11, 2004,
agreed to fund preliminary design and engineering. This allowed the parties to the JPA to
confirm that the costs of the parking structure will be within the range provided for i the JPA
Agreement.
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
L---* ECOMMENDATION OF EXECUTIVE DIRECTOR R COMM ATION OFA NCY
COMMITTEE &.�APPROVE OTHER
SIGNATURE(S):
ACTION OF AGE N Z4232L APPROVED AS RECOMMENDED HER
0 - //'/<�" O� 440T
VOTE OF COM AGE
ANIMOUS (ABSENT I HEREBY CERTIFY THAT THIS IS A
N
TRUE AND CORRECT COPY OF AN
YES:�� NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
Contact: Jim Kennedy
335-1255 ATTESTED
orig: Redevelopment Agency
cc: County Administrator's Office JOHN SWEETEN
County Counsel AGENCY SECRETARY
Auditor-Controller
Community Development ? ;
Via: Redevelopment Agency
*BART BY PUTY
Millennium Partners
Goldfarb & Lipman
G:\CDBG-REDEV\redev\LNoble\Personal\Board Orders and
Greenies\BOARD.RDA.parkingstructures.1.05.doc
BACKGROUND
In order to move to construction of the BART Replacement parking Garage in the summer of 2005
the Agency has been requested to fund the design development phase. The recommended action
will allow the parking garage final design/engineering to progress in a timely fashion.
G:\CDBG-REDEV\redev\LNoble\Personal\Board orders and
Greenies\BOARD.RDA.parkingstructures.1-05-doc