HomeMy WebLinkAboutMINUTES - 06111991 - 1.67 1-067
TO: REDEVELOPMENT AGENCY C�ontra
FROM: Phil Batchelor
Costa
Executive Director ;.._. -` Co�/
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DATE: June 11, 1991
SUBJECT: Transit/Residential Access Center
SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Authorize membership in the Transit/Residential Access Center (TRAC) ,
a project of the Institute of Urban & Regional Development at UC
Berkeley.
FISCAL IMPACT
The annual membership of $2, 000 will be paid from available Agency
funds. The Agency and the County will have access to databases and
services of TRAC by virtue of membership.
BACKGROUND/REASONS FOR RECOMMENDATIONS
The Institute of Urban and Regional Development at UC Berkeley has
established a new research and development project, the "Transit/
Residential Access Center" (TRAC) , aimed at identifying residential
development opportunities around rail transit stations in California.
The project is led by Institute Director, Professor Peter Hall, and
by Michael Bernick, Senior Research Associate at the Institute and
municipal finance attorney at Arnelle & Hastie. Professor Hall and
Mr. Bernick are the authors of numerous monographs and articles on
residential development near rail transit stations.
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RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMEN 'ON OF A NCY COMM TTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF AGENCY ON ,Time 11 , 1A91 APPROVED AS RECOMMENDED _x OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN_ MINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
cc: Community Development
SRA16/jb/trac.bos ATTESTED June ll,. 19,91
PHIL BATCHELOR,
AGENCY SECRETARY
0
BY , DEPUTY
Through membership in TRAC, members will have access to unique
expertise on the law, financing, and economics of development near
rail transit stations. Among the areas likely to be of interest to
the Agency are:
• the zoning, redevelopment, density bonuses, and other
incentives used by local governments throughout the nation to
promote residential development near rail transit;
• the transit ridership among commuters residing near rail
stations;
• the impact of transit station-proximity on marketing of the
project;
• case studies of successful residential projects near rail
transit;
• mixes of residential with retail and commercial development.