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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
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