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HomeMy WebLinkAboutMINUTES - 05112004 - C63 .j Contra Costa TO: REDEVELOPMENT AGENCY county FROM: John Sweeten Executive Director DATE: May 11, 2004 SUBJECT: Pleasant Hill BART Parking Structures SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S)& BACKGROUND AND JUSTIFICATION RECOMMENDATIONS APPROVE&AUTHORIZE the Redevelopment Director to execute a Public Improvements Design Funding Agreement with Pleasant Hill Transit Village Associates,LLC in an amount not to exceed$300,000 for initial 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 confirmation of costs, and construction of a replacement parking structure, which will in turn position the County for general fund returns in an amount estimated in excess of$300 million over the next 100 years. BACKGROUND On September 9,2003 the Board of Supervisors,acting in its capacity as the legislative body for the County, and as the governing Board of the Redevelopment Agency, approved the establishment of a joint powers agency with the Bay Area Rapid Transit District(BART). The JPA, the Pleasant Hill BART Station Leasing Authority,will be the legal entity that will enter into a ground lease with the Millennium Partners development entity—Pleasant Hill Transit Village LLC. The JPA Agreement, among other things provides for the Redevelopment Agency to pay for the costs of the BART Replacement Parking program. In order to move this program forward in an expeditious fashion it is appropriate for the Agency to fund preliminary design and engineering. This will allow the parties to the JPA to confirm that the costs of the parking structure will be within the range provided or in the JPA A re ent. CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF EXECUTIVE DIRECTOR COMMEN TION OF AGEN COMMITTEE APPROVE OTHER SIGNATURE(S): j i ACTION OF AGENCY ON May 11, 2004 APPRO D S RECOM ENDED X OTHER VOTE OF COMMISSIONERS — I HEREBY CERTIFY THAT THIS IS A XUNANIMOUS(ABSENT Naze ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT AGENCY ON THE DATE SHOWN. Contact: Jim Kennedy 335-1255 ATTESTED May 11,-2004 prig: Redevelopment Agency cc: County Administrator's Office JOHN SWEETEN County Counsel AGENCY SECRETARY Auditor-Controller Community Development R Via: Redevelopment Agency L4PUTY*BART Bi' ' ' LL *Millennium Partners *Goldfarb& Lipman \\fs-cd\users$\inoble\Personal\Board Orders and Greenies\BOARD.RDA.parkingstructures.5.04.doc